Senior Financial Analyst

The ARAG Group, a global leader in legal expense insurance operating in 20 countries offers an innovative and comprehensive range of legal expense products and services for brokers, underwriting agents and insurers across Canada.

Reporting to the Controller, the
Senior Financial Analyst
will be responsible for developing budgets, forecasts, and financial models, analyzing performance trends, and providing actionable insights to management.

What will you do?
Budgeting & Forecasting

• Process ownership preparation of annual budgets and rolling forecasts.
• Collaborate with department heads to gather assumptions and validate inputs.
• Perform scenario modeling and sensitivity analysis to support strategic decisions.

Financial Analysis & Reporting

• Ability to understand a complex business model and to translate its interdependencies into clear financial metrics.
• Perform variance analysis between actuals, budgets, forecasts and provide recommendations to improve underwriting profitability.
• Identify trends, risks, and opportunities to improve financial performance.
• Prepare monthly and quarterly reports highlighting relevant KPIs including comments on business developments.

Modeling & Decision Support

• Build financial models to support strategic initiatives and business cases.
• Conduct scenario and sensitivity analysis considering regulatory changes and market conditions.
• Incorporate actuarial inputs (loss reserves, premium projections) into financial models.
• Interdisciplinary collaboration with Underwriting and Risk Management to ensure that financial modelling reflects all relevant business dimensions

Strategic Support

• Support long-term financial planning, capital allocation decisions, and solvency monitoring.
• Evaluate business cases for new projects, investments, and initiatives.
• Conduct profitability & cost analysis by product line, distribution channel, and region.

Compliance & Governance

• Ensure adherence to accounting standards (IFRS) and internal controls.
• Maintain documentation for budgeting and forecasting processes.
• Communicate with Controller on work status and financial issues that arise.

Process Improvement

• Recommend enhancements to financial planning processes and tools.
• Support automation and efficiency initiatives within finance.

About You

• University degree in accounting, finance.
• CPA, CFA, or equivalent designation preferred.
• Experience in MGA or insurance-industry preferred.
• 5+ years of experience in financial analysis, FP&A, or corporate finance.
• Advanced knowledge and proficiency in Excel with financial modeling; experience with BI tools is an asset.
• Knowledge of Windows and MS Office applications including Office 365.
• Working knowledge of SAP desired.
• Aptitude for figures, strong analytical and investigative skills.
• Ability to thrive under pressure and adhere to challenging deadlines.
• Excellent communication and organizational skills with internal stakeholders, clients and management.

We Offer

• Competitive Base Salary including annual bonus plan
• Generous Employer Paid Benefits Plan, including RSP matching & Fitness Credit
• Location is a combination of remote work from home and from our head office in the heart of Toronto's Financial District

For more information about ARAG Canada please visit:

We are an Equal Opportunity Employer

ARAG Legal Solutions Inc., are proud to be an equal opportunity workplace and employer. We are committed to equal employment opportunity regardless of citizenship, race, place of origin, ethnic origin, colour, ancestry, disability, age, creed, sex/pregnancy, family status, marital status, sexual orientation, gender identity, gender expression, receipt of public assistance (in housing) and record of offences (in employment).

ARAG Legal Solutions Inc., is committed to providing employment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). Any assessments and selection materials or processes used during the recruitment process will be available in an accessible format to applicants with disabilities, upon request. If contacted for an interview, please advise the Human Resources Generalist if you require disability-related accommodation.