Reinsurance Accounting Specialist

4 weeks ago

Montreal, Quebec, Canada Intact Financial Corporation Full time

At Intact Financial Corporation, we're seeking a highly skilled Reinsurance Accounting Specialist to join our dynamic reinsurance finance team. As a key member of our team, you'll play a crucial role in participating in complex reinsurance accounting activities and contributing to improve closing activities.

As a Reinsurance Accounting Specialist, you'll be responsible for performing 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.

You'll also 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.

Additionally, you'll 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.

As a Reinsurance Accounting Specialist, you'll 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.

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.

We offer 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.

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