Senior Accountant – P&C Reinsurance Reporting

Job title: Senior Accountant – P&C Reinsurance Reporting

Company: The Co-operators

Job description: Description :Company: CGLDepartment: FinanceEmployment Type: Regular Full-TimeWork Model: HybridLanguage: This role operates in English.The Opportunity:We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.Our national Finance team aspires to create, enhance, and protect value for our organization and its stakeholders. Our knowledgeable team educates and influences the organization to make well-informed, risk-based decisions. We think innovatively and strategically to solve business problems and strive to move our business forward with practical, integrated processes and tools that ensure organizational success.The Senior Accountant is responsible for various aspects of P&C reinsurance reporting for the entities owned by Co-operators Group Ltd., including monthly, quarterly and annual financial statements, internal/external reinsurance reporting, as well as annual and quarterly reporting to OSFI, and quarterly reporting to Statistics Canada. The Senior Accountant also manages specialized accounting and reporting projects, plays a key role on a variety of teams across the Finance area, and acts as a resource and coach of more junior team members. The scope and complexity of the work requires a seasoned, service-oriented professional with a comprehensive understanding of the insurance industry, who can think and act independently, manage to tight deadlines, and maintain strong, effective interpersonal relationships. This role may have a specialization in financial reporting, regulatory reporting, or reinsurance reporting in the P&C Reporting department.How you will create impact:

• Manage the contributions to the reporting process from several Co-operators companies and departments.
• Prepare journal entries to record complex manual accounting activities such as reinsurance, investment contracts, segregated and pooled funds, and actuarial calculations.
• Review and analyze reporting and account balances, to ensure accuracy.
• Keep informed of GAAP, IFRS and developments within the insurance industry.
• Act as a technical resource and coach for more junior Reporting team members.
• Serve as a key resource on accounting and reporting issues to the Life and P&C Insurance Financial Reporting Directors, VP Finance, other Finance leaders, Corporate Reinsurance department, Life insurance company, Wealth administration departments and peers.
• As a senior member of the FAS team, take the initiative to formulate and recommend process improvements or solutions to problems that may affect all FAS teams.
• Manage process and reporting improvement projects within FAS and in the broader Finance Community.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

To join our team:

• CPA – CMA, CGA or CA designation.
• Minimum five years accounting/financial statement preparation experience.
• Solid understanding of reporting for life or property and casualty insurers.
• Ability to analyze reported data to recognize and correct significant errors or explain significant variances.
• Strong spreadsheet skills, plus database and word processing literacy.

What you need to know:

• Extended work hours, including weekends, may be required during peak periods.
• You will be subject to a background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Expected salary:

Location: Guelph, ON

Job date: Sat, 10 Aug 2024 03:25:50 GMT

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