Financial Analyst

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
- We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

**YOUR NEXT CO-OP PLACEMENT**

Work term: Summer

Work term length: 4 months

**Work setting: Hybrid with 2-3 days required in office per week at the Waterloo location.**

From classroom to co-op to career, every step of your journey has an impact on your future. That’s why it makes sense to choose a co-op placement with a company that offers truly rewarding work and real-life experience. At Definity®, your contributions, creativity, and energy will be put to good use, and you’ll get to be involved with initiatives that support our strategic goals and use your skills in a supportive team environment.

If you’re looking for a company that takes care of its people — full time, part time, and co-ops alike — and has a track record of doing big things, get ready to love it here.

Providing CPA and prospective CPA students with a way to transform their potential into successful long-term careers, the co-op student will gain practical experience through our CPA pre-approved program and mentorship from our in-house CPA mentors.

Reporting to one of the Finance Managers and receiving day-to-day coaching and guidance from Senior Financial Analysts, the co-op student is expected to work collaboratively with members within finance as well as other key members across the organization, demonstrating a high level of service, information quality and responsiveness.

The co-op student is responsible for the preparation of timely, accurate and complete financial information, analysis, and reports to meet the requirements of both internal and external customers. Additionally, the co-op student is responsible for identifying any potential problems or risk areas, as well as opportunities that the business may need to be aware of and act on.

**What you’ll be doing**:

- Provide support over the month end close process, including preparing journal entries and general ledger reconciliations.
- Assisting in the preparation of financial reports to meet the timeliness and quality requirements of both internal and external customers.
- Assisting the preparation of regulatory reports (OSFI P&C1, Statistics Canada surveys)
- Appropriately prioritizing work to respond to the needs of customers.
- Communicating any potential risks or opportunities to finance customers or the Financial Reporting team.
- Analyzing monthly/quarterly actuals to plan/forecast and operational data.
- Supporting the preparation of divisional business performance reporting for both internal and external stakeholders.
- Supporting the annual Operational Plan for and quarterly forecast for Personal Insurance and preparing related analysis and reporting
- Preparing ad-hoc analysis and reports on a timely manner to all queries from stakeholders, as required

**What you bring**:

- Must be a full-time student in a Co-Op program related to business, finance, or related program
- Working towards a CPA accounting designation would be preferred.
- Insurance industry experience would be beneficial but is not required.
- Knowledge of VBA would be an asset
- Goal oriented and highly motivated.
- Strong work ethic and commitment to operational excellence.
- Excellent attention to detail and analytical skills.
- Effective written and verbal communication skills and ability to interact with all levels of the organization.
- Strong time management and organizational skills. Professional, friendly and courteous in all interactions.
- Demonstrate a desire to continuously develop knowledge, skill and expertise.
- Advanced MS Excel and PowerPoint knowledge is required
- Ability to work in a team or independently with moderate supervision
- Self-motivated and consistently demonstrates an ability to take initiative

**Did you know?**
- We care about our co-ops: Definity’s co-op students are considered the best pipeline of talent for our full-time, permanent positions.
- We care about students: Definity distributes $85,000 in scholarships to students across Canada each year.
- We care about our community: Definity donates more than $1 million every year to causes that drive true change in the neighborhoods in which we live and work.

**What can Definity offer you?**
- Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need