Senior Financial Reporting Specialist

7 days ago


Markham, Ontario, Canada Chubb Full time
Job Summary

The Senior Financial Reporting Analyst will play a key role in four critical areas: financial reporting, regulatory compliance, treasury activities, and finance transformation projects.

Key Responsibilities

Financial Reporting:

  • Prepare and accurately record monthly journal entries.
  • Support financial reporting by uploading journal entries at quarter ends.
  • Prepare income statement variance analysis on a statistical basis.
  • Gather accounting and actuarial information related to term life and distribute entries to Chubb.
  • Forward required monthly reports to the offshore team for bank reconciliations.
  • Initiate US dollar purchases based on branch needs.

Financial Process Improvement:

  • Collaborate with business partners to investigate and resolve issues in a timely manner.
  • Monitor account reconciliations for aged items and assist with investigation and resolution.

Regulatory Reporting:

  • Support IFRS 17 reporting by completing the DSL upload and reconciling DSL cashflows to Peoplesoft.
  • Check OSFI quarterly LIFEPRO and LIMAT files for errors and accuracy.
  • Complete quarterly OSFI analysis for presentation to senior management in Excel and PowerPoint.
  • Maintain a list of unclaimed cheques/property based on provincial legislation.

Internal Audit and Control Testing:

  • 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:

  • Download RBC and BMG bank consolidated statement summaries 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 email.

Finance Transformation Project Involvement:

  • Act as a business partner and manage relationships with other departments and stakeholders on behalf of finance transformation projects.
  • Take an active role in product development/modernization of projects meetings.
Requirements

The successful candidate will have:

  • 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 multiple deliverables to meet timelines.
  • Ability to thrive in a fast-paced and changing environment (continues improvement to existing processes).
  • 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 the insurance industry is an asset.


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