Senior Accountant - Financial Reporting

Munich Re

  • Toronto, ON
  • Permanent
  • Full-time
  • 10 days ago
HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering-based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We dare to think big, and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.HSB is much more! It's insurance. Engineering. Technology. To learn more about us, please visit:Primary Objectives:Reporting to the AVP- Financial Reporting, the Senior Accountant plays a pivotal role in providing expertise in areas of: financial reporting under US GAAP, IFRS, regulatory compliance, and support for periodic regulatory filings. This role will be well-suited to a business-minded, dynamic CPA holder with strong experience in the insurance industry, and its related regulatory requirements.Job Responsibilities:Financial Reporting, including oversight for preparation of:
  • Monthly financial reporting package for US parent company
  • Monthly financial reporting package for Canadian management team
  • Key materials for quarterly Board of Directors meetings
Financial analysis, reconciliation and quality control of:
  • Contingent profit commission calculations
  • Monthly financial reporting packages / dashboard
  • Monthly US GAAP reporting package
  • Reconciliation of policy administration system data to financial results
Collaboration with internal teams:
  • Distribution, Claims, Actuarial, and functional areas
  • Regulatory Reporting - provision of IFRS results for OSFI filings
  • Collaboration with Canadian, US and European affiliates for internal reporting
External Audit support, including:
  • Preparation of key IFRS / GAAP schedules for annual audited financial statements
Other support, including:
  • Coaching, mentoring and development of team members
  • Ad hoc requests from management
Qualifications:
  • Bachelor of Accounting or equivalent from an accredited university
  • Recognized accounting designation, preferably Chartered Professional Accountant
  • 5+ years of accounting experience in the insurance industry, preferably in property & casualty
  • Thorough understanding of US GAAP and IFRS, ideally IFRS 17
  • Experience with Infor Sun Financial Systems, SAP, and Power BI, would be considered an asset
  • Strong analytical and accounting skills
  • Excellent verbal, and written communication and interpersonal skills
  • Ability to prioritize tasks and manage multiple priorities in a deadline-driven environment
Company Benefits:Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:
  • An engaging and collaborative environment that promotes continuous learning and development
  • A hybrid work environment that combines weekly in-office and remote days
  • A great compensation package including an annual company bonus
  • Competitive company-paid flexible health and dental benefits, starting on your first day
  • Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
  • Wellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the job
  • Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
  • Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
  • Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
  • Employee Referral Program and Recognition Program
HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact hr@hsb.ca as soon as practical so that suitable accommodations can be arranged.We thank all candidates for their interest; however, only those selected for an interview will be contacted.

Munich Re