Financial Specialist, Reinsurance

3 weeks ago

Old Toronto Ontario, CA Intact Financial Full time

Our employees are at the heart of what we do best: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you’re bringing this purpose to life alongside a passionate community of experts.

Feel empowered to learn and grow while being valued for who you are– here, diversity is a strength. You have our commitment to support you in reaching your goals with tools, opportunities, and flexibility. It’s our employee promise.

Our hybrid work model provides the balance between working from home and enjoying meaningful in-person interactions.

Read on to see how you can shape the future, win as a team, and grow with us.

About the role

Join our team and be part of the excitement.

We are seeking a highly skilled, talented, and detail-oriented Reinsurance Financial Specialist to join an innovative environment where creativity knows no bounds. As a key member of the dynamic reinsurance finance team, you will play a crucial role in participating in complex reinsurance accounting activities and contributing to improve closing activities. Your expertise will be pivotal in simplifying and standardizing controls to elevate our reporting and accounting processes.

If you are passionate about making a difference, thrive on challenges and want to work with a team that values fun as much as hard work, this is the opportunity for you. Embrace the energy, ignite your passion and let’s create something extraordinary together.

Responsibilities:

  1. Participate in the accounting and reporting cycle of reinsurance activities.
  2. Perform reinsurance accounting and reporting activities during month-end & quarter-end from the preparation of reinsurance journal entries to providing monthly or quarterly analysis to validate reinsurance results and perform appropriate control to ensure the accuracy of the financial results under your responsibility.
  3. Manage reinsurance premium settlement or reinsurance claims collection and update the statement of account to be distributed to clients. Apply cash or payment received to the appropriate reinsurers/brokers to maintain accurate balance with external parties.
  4. Manage required collateral from reinsurer and collaborate with the treasury and the capital team to maintain appropriate level of capital.
  5. Perform key account reconciliations to ensure accuracy and completeness of the reinsurance balance and perform reinsurance settlement with key reinsurers.
  6. Participate in the preparation of the financial statement disclosure as well as in the preparation of the regulatory reporting (Pc1) for the insurance regulators.
  7. Provide insight and recommendations to your leader about reinsurance results.
  8. Ensure to implement, perform and improve all key controls to ensure high quality of improvement provided to our leader.
  9. Collaborate with multiple stakeholders to ensure alignment in the month-end closing process.
  10. Evaluate current processes and propose recommendations to be more efficient and provide quicker results and insights.

Requirements:

  1. 2+ years experience in Insurance or Reinsurance accounting is required.
  2. 3+ years of experience in accounting, IFRS accounting standards or finance is required.
  3. Professional accounting designation (CPA) – is an asset.
  4. Post secondary education in Accounting, Finance, or a related field.
  5. Demonstrated experience in fast learning environment requiring agility and adaptability to change.
  6. Discipline, autonomy and professionalism.
  7. Strong oral and written communication and interpersonal skills.
  8. Can interact with various people at all levels of the organization, including management and some external stakeholders.
  9. For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.

What we offer:

  1. A financial rewards program that recognizes your success.
  2. An industry leading Employee Share Purchase Plan; we match 50% of net shares purchased.
  3. An extensive flex pension and benefits package, with access to virtual healthcare.
  4. Flexible work arrangements.
  5. Possibility to purchase up to 5 extra days off per year.
  6. An annual wellness account that promotes an active and healthy lifestyle.
  7. Access to tools and resources to support physical and mental health, embracing change and connecting with colleagues.
  8. A dynamic workplace learning ecosystem complete with learning journeys, interactive online content, and inspiring programs.
  9. Inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities.
  10. Inspiring leaders and colleagues who will lift you up and help you grow.
  11. A Community Impact program, because what you care about is a part of what makes you different. And how you contribute to your community should be just as unique.

We are an equal opportunity employer. At Intact, we value diversity and strive to create an inclusive, accessible workplace where all individuals feel valued, respected, and heard.

If we can provide a specific adjustment to make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity. We’ll work with you to meet your needs. #J-18808-Ljbffr

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