Reinsurance Accounting Specialist

4 weeks ago


Toronto, Ontario, Canada Intact Financial Corporation Full time
About the Role

We are seeking a highly skilled and detail-oriented Reinsurance, Accounting Specialist to join our innovative finance team. As a key member, you will play a crucial role in participating in complex reinsurance accounting activities and contributing to improve closing activities.

Key Responsibilities
  • 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 result and perform appropriate control to ensure the accuracy of the financial results under your responsibility.
  • Manage reinsurance premium settlement or reinsurance claims collection and update statement of account to be distributed to client. Apply cash or payment received to the appropriate reinsurers/brokers to maintain accurate balance with external parties.
  • Manage required collateral from reinsurer and collaborate with the treasury and the capital team to maintain appropriate level of capital.
  • Perform key account reconciliations to ensure accuracy and completeness of the reinsurance balance and perform reinsurance settlement with key reinsurers.
  • Participate in the preparation of the financial statement disclosure as well as in the preparation of the regulatory reporting (Pc1) for the insurance regulators.
  • Provide insight and recommendations to your leader about reinsurance result.
  • Ensure to implement, perform and improve all key controls to ensure high quality of improvement provided to our leader.
  • Collaborate with multiple stakeholders to ensure alignment in the month-end closing process.
  • Evaluate current process and propose recommendation to be more efficient, less manual to be more efficient and provide more quick result and insight.
Requirements
  • Completed CPA designation or minimum 5 years experience in insurance P&C financial knowledge
  • Professional experience working in Audit, or financial institutions, is an asset
  • Demonstrated experience in fast learning environment requiring agility and adaptability to change.
  • Discipline, autonomy and professionalism.
  • Strong oral and written communication and interpersonal skills.
  • Can interact with various people at all levels of the organization, including management and some external stakeholders.
  • 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

Working here means you'll be empowered to be and do your best every day. Here is some of what you can expect as a permanent member of our team:

  • A financial rewards program that recognizes your success
  • An industry leading Employee Share Purchase Plan; we match 50% of net shares purchased
  • An extensive flex pension and benefits package, with access to virtual healthcare
  • Flexible work arrangements
  • Possibility to purchase up to 5 extra days off per year
  • An annual wellness account that promotes an active and healthy lifestyle
  • Access to tools and resources to support physical and mental health, embracing change and connecting with colleagues
  • A dynamic workplace learning ecosystem complete with learning journeys, interactive online content, and inspiring programs
  • Inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities
  • Inspiring leaders and colleagues who will lift you up and help you grow
  • 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.


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