Manager, Financial Reporting

7 months ago

Toronto, Canada Foresters Financial Services, Inc. Full time

Career Opportunity

Role Title

Manager, Financial Reporting

Purpose of role

Reporting to the AVP, Financial Reporting and Investment Services, the incumbent will lead a team of Senior Financial Analysts supporting the day-to-day financial reporting including quarterly and annual regulatory reporting. This role will also work closely with various business units and subsidiaries to produce consolidated financial results in compliance with IFRS, including the new IFRS 17 Insurance Contracts standard. As IFRS 17 impacts the entire enterprise, this role will require interaction and coordination with other Finance, Actuarial and IT leads through various work streams established impacting the various functional areas. The incumbent will also have exposure to senior management and future opportunities for career advancement.

**Job Description**:
Key Responsibilities

Financial Reporting
- Review and approve monthly account reconciliations and journal entries of the Corporate Finance team
- Preparation and review of annual consolidated financial statements and note dislcosures including financial statements of subsidiaries, pension plans and segregated funds
- Manage the quarterly OSFI Life-1 and LICAT regulatory reporting process including coordination with UK subsidiary
- Lead the preparation of audit schedules, prepared by client listings and coordination of year end timelines with auditors
- Assist other business areas with implementating operational processes including understanding risks and development of key controls and documentation of downstream accounting impacts
- Lead the quarterly end to end process for Risk Integrity (IFRS 17) runs for Finance and work closely with the Actuarial team to produce the quarterly financial results
- Review and analyze inputs to and outputs from Risk Integrity to ensure accuracy and completeness
- Assist in optimizing financial reporting and operational processes to streamline the close process
- Manage the integrity and accuracy of financial and non-financial information in the general ledger and financial reporting systems
- Review data requirements and the impact on the source systems feeding the general ledger
- Review and approve all changes to information feeding the general ledger and other financial systems including new Foresters product development changes

Policy Documentation
- Assist with researching accounting policy treatment and documenting impact assessment for the company
- Review, assess and update procedural documentation impacting the corporate general ledger, financial reporting and the close process
- Implement all new accounting/reporting policies or changes to existing policies including training staff and assisting them to develop new procedures and controls to support these policies; monitor adherence to policies

Other
- Ability to deal directly with senior management on various special projects and accounting/actuarial issues as required
- Deal directly with auditors and regulators to resolve issues
- Initiate process improvements as necessary for all accounting and reporting processes, within Finance and in other areas of the company

Key Qualifications
- University graduate with a major in finance/accounting preferred and professional accounting designation (CA, CPA)
- 5 - 10 years' experience in a life insurance/financial institution reporting environment; public company experience is an asset
- Sound knowledge of IFRS insurance accounting policies
- Exposure to OSFI Life-1, LICAT and/or NAIC
- Experience with Workiva WDesk and Oracle Essbase
- Excellent verbal and written communication skills (e.g. writing business proposals, accounting policies and delivering presentations to senior management)
- Strong analytical and problem solving skills
- Well organized, innovative with a high level of initiative
- Detail oriented, able to manage several complex processes and tasks with a high level of accuracy
- Demonstrated ability to work independently and deal with changing priorities while meeting tight deadlines
- Strong leadership and management skills, with the ability to motivate, negotiate and influence effectively
- Strong interpersonal skills with the ability to build relationships and work in a team environment

LI-Hybrid

Equal Opportunity Employment and Inclusion
- _at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves._
- _
- in advance of your appointment._

  • Manager, Financial Reporting

    2 weeks ago

    Toronto, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...

  • Manager, Accounting and Financial Reporting

    4 months ago

    Toronto, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...

  • Senior Financial Reporting Manager

    2 weeks ago

    Old Toronto, Canada Questrade Financial Group Full time

    OverviewWe are seeking an experienced Senior Financial Reporting Manager to join our Finance team at Questrade Financial Group. The successful candidate will be responsible for leading the monthly financial statement preparation, variance analysis, and hedge accounting.Job SummaryThe Senior Financial Reporting Manager will report to the Senior Manager,...

  • Financial Reporting Analyst

    6 months ago

    Toronto, Canada GM Financial Full time

    Overview: **Why GMF?** GM Financial is the wholly owned captive finance subsidiary of General Motors. We are a global provider of auto finance solutions. We offer attractive retail financing and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses. At GM...

  • Fund Financial Reporting Analyst

    2 months ago

    Toronto, Canada CI Financial Full time

    At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so. Effectively...

  • Financial Reporting Specialist

    4 weeks ago

    Old Toronto, Canada Questrade Financial Group Full time

    Job OverviewWe are seeking a highly skilled Financial Reporting Specialist to join our team at Questrade Financial Group. As a key member of our finance department, you will be responsible for leading the preparation and review of financial statements, ensuring accuracy and compliance with regulatory requirements.Key Responsibilities:Prepare consolidated...

  • Financial Analyst, Financial Reporting

    4 months ago

    Toronto, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...

  • Fund Financial Reporting Analyst

    6 months ago

    Toronto, Canada CI Financial Full time

    At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so. JOB...

  • Manager, Governance

    6 months ago

    Toronto, Canada PC Financial Full time

    **All referred applicants must first be submitted through Workday by a current Loblaw Colleague.** **Location**: 500 Lakeshore Blvd. West, Toronto, Ontario, M5V 2V9 **When you hire great people, great things can happen.** PC Financial offers unprecedented value to Canadians through payment products. We’re a different kind of bank with a different type...

  • Manager Financial Reporting

    7 months ago

    Toronto, Canada Workplace Safety and Insurance Board Full time

    Be a part of the team that supports the WSIB’s transition to a new ERP system implementation. This initiative requires a financial reporting lead for the implementation of a comprehensive Financial Reporting ERP system. Responsibilities include: - Assessing organizational needs by gaining an understanding of current financial policies, procedures and...

  • Financial Reporting Manager

    2 months ago

    Toronto, Canada Leon's Full time

    Overview: **Financial Reporting Manager** The LFL (lflgroup.ca) seeks a Financial Reporting Manager to report directly to the Controller. This role oversees month-end close, group consolidation, and quarter-end financial statements, ensuring accuracy, consistency, and timeliness in financial reporting. The manager will lead a small team, providing coaching...

  • Manager, Regulatory Reporting

    7 months ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 Supports the execution of accurate and efficient cyclical reporting processes for regulatory and management information and note disclosure in financial statements to internal and external stakeholders and regulatory bodies. Works across BMO to deliver specific project/program results in alignment with overall...

  • Manager, Regulatory Reporting

    3 months ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 Supports the execution of accurate and efficient cyclical reporting processes for regulatory and management information and note disclosure in financial statements to internal and external stakeholders and regulatory bodies. Works across BMO to deliver specific project/program results in alignment with overall...

  • Manager, Financial Reporting

    3 months ago

    Toronto, Canada Canada Infrastructure Bank Full time

    Careers- Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.The **Manager,...

  • Financial Reporting Manager

    4 weeks ago

    Toronto, Canada Robert Half Full time

    About the Role:Robert Half is partnered with our client in their search for an experienced and dedicated Financial Reporting Manager to join their finance team in the energy sector. This role will play a pivotal role in our financial reporting processes, ensuring accuracy, compliance, and strategic insights into financial data. The Financial Reporting...

  • Financial Reporting Manager

    4 weeks ago

    Toronto, Canada Robert Half Full time

    About the Role:Robert Half is partnered with our client in their search for an experienced and dedicated Financial Reporting Manager to join their finance team in the energy sector. This role will play a pivotal role in our financial reporting processes, ensuring accuracy, compliance, and strategic insights into financial data. The Financial Reporting...

  • Manager, Financial Reporting

    6 months ago

    Toronto, Canada 123Dentist Full time

    123Dentist is Canada’s largest majority dentist-owned network of dental practices with more than 425 locations nationwide and in excess of 5000 employees. We provide Canadian dentists and dental practices with an array of non-clinical support and resources, including accounting, HR, marketing, as well as supply & equipment procurement. By leveraging our...

  • Manager, Financial Reporting

    6 months ago

    Toronto, Canada The Cadillac Fairview Corporation Ltd Full time

    **Role impact**: Contributes to key accounting processes in the financial reporting group, with a focus on the analysis, recording and documentation of complex accounting transactions, fair market value analysis and preparation of the financial statements and management reports (as required). **What you will deliver**: **Supervisory Responsibilities**: -...

  • Financial Reporting Manager

    4 weeks ago

    Toronto, Canada The Mirillion Group Full time

    Position Summary:Our client is seeking a Manager, Financial Reporting to lead and enhance their financial reporting processes. This role is ideal for a proactive problem-solver with exceptional communication skills and the ability to manage complex accounting issues. The successful candidate will play a pivotal role in improving processes, ensuring the...

  • Financial Reporting Manager

    4 weeks ago

    Toronto, Canada The Mirillion Group Full time

    Position Summary:Our client is seeking a Manager, Financial Reporting to lead and enhance their financial reporting processes. This role is ideal for a proactive problem-solver with exceptional communication skills and the ability to manage complex accounting issues. The successful candidate will play a pivotal role in improving processes, ensuring the...