Senior Manager Investment Finance (Insurance)

Royal Bank of Canada View all jobs

  • Mississauga, ON
  • Permanent
  • Full-time
  • 1 month ago
Job DescriptionWhat is the opportunity?For forward-thinking and results-focused leaders, this is an opportunity to join the Insurance Investment Finance team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada. RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility.The Senior Manager, Investment Finance will lead the day‑to‑day investment finance, accounting, and reporting activities for the insurer’s invested asset portfolios, ensuring high‑quality financial information, strong controls, and effective business partnership with Investments and Risk, under the direction of the Director, Investment Finance for RBCI.If you are proactive, self-motivated, passionate about investments and excited about finding creative solutions, and interested in building a career within a world-class financial institution, this is a great opportunity for you.Purpose of the role:Own the end‑to‑end finance and accounting agenda for invested assets (bonds, equities, mortgages/loans, alternative investments, derivatives, segregated funds, cash and short‑term investments) in line with IFRS 9, internal policies, and regulatory expectations.Support optimization of the insurer’s investment results by providing clear analytics on yield, spread, credit performance, ALM impacts, and P&L/OCI volatility to senior finance and investment leadersWhat will you do?
  • Lead the monthly and quarterly close for investment portfolios, including review of journal entries, reconciliations, valuations, and disclosures, ensuring accuracy, timeliness, and audit‑ready support.
  • Oversee investment accounting for new and complex transactions (e.g., private placements, real estate, structured products, SPVs), ensuring appropriate classification, measurement, and presentation under IFRS and company policies.
  • Drive special project relating to new investment initiatives/strategies (e.g., private placements, real estate, structured products, SPVs), ensuring appropriate classification, measurement, and presentation under IFRS, assess implications to operational processes including ledger system and reporting/disclosures, and develop solutions through working with functional groups like Legal, Accounting Policy, Tax, Investment, Risk etc
  • Manage the production of investment‑related management information: trend analysis, attribution of investment income and fair value changes, benchmarking versus budget/plan, and insights on drivers of results.
  • Partner with Investment, GRMI, and Capital teams to support strategic asset allocation, ALM initiatives, liquidity management, and capital efficiency, providing finance input on proposed strategies and trades.
  • Coordinate and enhance investment‑related disclosures in financial statements and management reporting (e.g., invested assets, credit quality, fair value hierarchy, expected credit losses, duration and interest‑rate risk metrics), aligned with regulatory and peer expectations.
  • Maintain a robust control environment over investment finance processes, including SOX, reconciliations between Investment Admin source system and ledger system, intergroup reconciliation with related parties, sign‑offs, and documentation of key judgments and estimates.
  • Lead responses to internal and external auditors and regulators on investment‑related matters, ensuring issues are addressed promptly and sustainably.
  • Drive continuous improvement in systems, data flows management, and processes for investment accounting, reporting, and analytics, including requirements for finance and investment platforms and automation opportunities.
Leadership and governance:
  • Act as the primary delegate to the Director, Investment Finance for operational investment‑finance matters, representing the function in relevant forums and projects when required.
  • Develop, coach, and supervise the investment finance team (analysts/specialists), setting clear performance expectations and building deep technical expertise in investment products, IFRS 9/17, and insurance‑specific investment issues.
  • Contribute to the development and maintenance of investment‑related finance policies, procedures, and governance frameworks, ensuring alignment with the insurer’s risk appetite and investment policy statements.
What do you need to succeed?Must-have
  • CPA, CFA or equivalent designation
  • Strong knowledge and understanding of investment accounting, operations experience.
  • In-depth knowledge on IFRS9 and investment accounting system,
  • Excellent analytical thinking and acute attention to detail.
  • Excellent excel skills and data management concept
  • Technical knowledge of investment back office and front office procedures
  • Understanding and experience in accounting for investment securities, wholesale funding, derivatives processing and alternative investments.
  • Technical knowledge of Insurance industry would be an asset
  • Excellent leadership, communication, and interpersonal skills – ability to work with people at all levels within the organization.
  • Ability to manage numerous priorities simultaneously amidst tight deadlines.
Highly desirable
  • Experience with RBC financial systems and associated procedures including EPM, EPAM system knowledge also preferred.
  • Experience working with large data set with data query skills
  • Minimum 5 years of involvement in Investment finance
  • People Management experience
What’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.
  • A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities, enabling long-term career growth within a world class organization
  • Ability to make a difference and lasting impact
  • Flexible work/life balance options
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
Job Skills Accounting, Audits Compliance, Financial Accounting Systems, Financial Recordkeeping, Financial Reporting and Analysis, Financial Reports, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Performance Management (PM)Additional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MississaugaCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2026-03-10Application Deadline: 2026-04-30Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Royal Bank of Canada