Senior Financial Reporting Analyst

2 weeks ago


Markham, Ontario, Canada Chubb Full time
Job Description

The Senior Financial Reporting Analyst will be responsible for playing a lead role in four key areas: period end financial reporting, regulatory compliance and audit, treasury activities, and finance transformation projects.

The responsibilities include, but are not limited to the following activities:

Financial Reporting (monthly & quarterly Close) activities:
  • Preparation and accurately recording of monthly journal entries
  • Provide support to financial reporting to upload journal entries at quarter ends.
  • Prepare Income Statement variance analysis on Stat basis.
  • Gather accounting and actuarial information related to Termlife and distribute entries to Chubb.
  • Forward the required monthly reports to the offshore team to complete bank reconciliations.
  • Initiate US dollar purchases based on the need of the Branch.
Financial Process Improvement; ongoing:
  • Collaborate with business partners (CSSC, Genpact, RBC, Chubb Treasury, Chubb AP, Financial Reporting) to investigate/resolve issues in a timely manner.
  • Monitor account reconciliations for aged items. Assist with investigation and resolution.
Regulatory reporting responsibilities include:
  • Support IFRS 17 reporting by completing the DSL upload and reconcile DSL cashflows to the Peoplesoft.
  • Check OSFI quarterly LIFEPRO and LIMAT files after completion for errors and accuracy.
  • Complete the quarterly OSFI analysis for presentation to the senior management in excel and power point.
  • Maintaining a list of unclaimed cheques/property based on the legislation of the specific province.
Internal audit and Control testing; ongoing:
  • Assist and provide documentation for Sox testing (Model Audit Rule) and internal audit.
  • Partner with and provide audit support to internal and external auditors.
Treasury responsibilities include the following activities:
  • Download RBC and BMG bank consolidated statement summary and bank activities including returns and credit card deposits.
  • Verify and process policyholder claims and Peoplesoft stop payments.
  • Monitor and reconcile Peoplesoft cheques and claims cheques rejected in ARP and verify RBC paid items file upload in Peoplesoft.
  • Setup and verify bank information/approvals of wire transfer requests.
  • Setup installment tax payments in RBC tax payment system.
  • Monitor RBC payee mismatch/exceptions from Chubb Treasury e-mail.
Finance transformation project involvement including:
  • Act as a business partner and manage relationships with other departments and stakeholders on behalf of Finance transformation projects
  • Take active role in product development/modernization of projects meetings
Qualifications

The successful candidate will have accomplished and demonstrated the following:
  • 3-5 or more years of related work experience along with an Accounting/Finance designation (CPA/MBA/CFA/other)
  • Proven analytical and problem-solving skills.
  • Proven self-starter with excellent time management skills who can prioritize multiples deliverables to meet timelines.
  • Ability to thrive in a fast pace and changing environment (continues improvement to existing process)
  • Strong attention to details, intellectually curious to understand drivers and root causes behind the numbers.
  • Collaborative team player and ability to communicate well with all levels within the organization
  • Knowledge of accounting standards is an asset: US STAT, US GAAP and IFRS
  • Previous experience in insurance industry is an asset.


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