Group Insurance Finance Manager

5 months ago

Waterloo, Canada Manulife Full time

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

**Working Arrangement**

Hybrid

**The opportunity**

The **Group Insurance Finance Manager **will directly support the Head of IGP Employee Benefits Network in all financial activities related to IGP’s business mandate and be part of the IGP Management Team, as well as supporting Group Benefits Financial Reporting with a focus on Expense Gain.

The **Group Insurance Finance Manager **role is accountable for delivering timely and accurate Key Performance Indicators for assessing the IGP financial performance. Part of Group Insurance Finance, the role is expected to use general accounting, finance and reporting expertise, leadership and IGP specific knowledge to deliver reporting and analysis, strategic planning, and recommendations to the Head of IGP and Group Insurance Finance Management team. They are also responsible for Expense Gain Reporting and analysis for Group Benefits.

**Responsibilities**

Financial Reporting and Controls
- Responsible for the monthly IGP earnings statements and governance of IGP results in coordination with Group Insurance Finance. Focus on IGP-specific metrics, including but not limited to: Earned Retention Income (ERI), Paid & Earned Net Deficit Change (NDC), Unrealized FX and FX To Plan, ERI linked to Sales & Lapses.
- Validation of monthly Expense Report, in coordination with GB Expenses, and monitoring of Expenses to Budget ratios for each IGP Regional Office and Department.
- Develop ad hoc management information reports in coordination with IGP Administration (including but not limited to Credit Control and receivables management, settlement of OARs, payments of Network Partner contributions, multinational pooling rebates and Captive settlements).
- Run the financial controls, policies and standards in place; find opportunities for improvement, recommend solutions and coordinate with management for timely resolution.

Expense Gain/ Gap
- Responsible for reporting, forecasting and analysis of Expense Gain/ Gap in coordination with GB Expenses
- Oversight of monthly, quarterly and annual Allowables analysis and forecast
- Monitoring of fee income product profitability

Strategic Planning
- Handle and develop Annual and 3-year IGP Strategic Planning Model, in coordination with Group Insurance Financial Reporting & Planning.
- Responsibility for the Quarterly Earnings Forecast including key IGP metrics and in coordination with Group Insurance Financial Reporting & Planning.
- Manage and Develop Expenses Budget model for all IGP Regional Offices and Departments, with particular focus on the following: Zero-Based Budgeting overall approach, allocation of recurring vs project-based expenses, allocation of capitalized expenses and operations expenses where applicable, management of charges from Shared Services and Business Support functions.

Commercial support
- Liaise on an ad hoc basis with Network Partners’ finance function, in coordination with IGP Head of Network Partner Management. Participate to industry events and broker meetings when appropriate.

**What motivates you?**
- You obsess about customers, listen, engage and act for their benefit.
- You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
- You thrive in teams and enjoy getting things done together.
- You take ownership and build solutions, focusing on what matters.
- You do what is right, work with integrity and speak up. You share your humanity, helping us build a diverse and inclusive work environment for everyone.

**What we are looking for**
- Post-secondary education in accounting and accounting designation is required
- Minimum of 5 years of finance/accounting experience
- Confirmed strong leadership, strategic thinking and personal effectiveness competencies: negotiating and influencing skills, adaptability to change and continuously showing initiative
- Strong collaboration within the team and across various units in the business and shared centers
- Knowledge of Essbase, Lawson will be an asset
- Excellent analytical and problem-solving skills and ability to explore and understand complex financial processes
- Proven ability to manage multiple, conflicting priorities and deliver a quality result within tight deadlines Finance background with IGP or GB experience preferred

**What can we offer you?**
- A competitive salary and benefits packages.
- A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
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