Vice President, Chief Financial Officer – Canada

SCOR

  • Toronto, ON
  • Permanent
  • Full-time
  • 17 days ago
Job Description:Detailed Function/Job summaryAs Chief Financial Officer, you will play a pivotal role in shaping the financial landscape of SCOR's Canadian Operations (both P&C and Life). You will own and manage all aspects of finance from financial reporting to business performance for all entities, as well as capital management. You will lead the closing and co-ordinate with actuarial, underwriting, pricing, claims to ensure the integrity and accuracy of all technical financial data. Act as a senior leader of the Canadian business as a management team member advising the CEO and Chief Agents. Ensure optimal financial structure are in place to maximise profitability, protect capital and pursue excellence, optimization and efficiency in all resource deployment. Additionally, we are seeking a candidate with an entrepreneurial mindset who can lead the redesign of processes, internal controls and responsibilities within the finance team.Responsibilities:Key duties and responsibilities
  • Oversight of all financial matters including regulatory and statutory financial filings, capital management, treasury, investments, tax, retrocession, and other associated accounting and finance activities
  • Serve as the primary point of contact for all finance stakeholders, ensuring clear, timely, and effective communication of business objectives, initiatives, and updates
  • Actively manage capital requirements of the companies, including the monitoring of MCT/BAAT/LICAT ratios. Coordinate with business partners and risk management, to define long-term capital strategy and optimization of capital and adherence to statutory requirements
  • Analyze financial results including the production and maintenance of detailed reports on financial results (both from a technical and financial reporting standpoint)
  • Quarterly reporting to the Board of Directors and subcommittees on finance and accounting including investments, compliance, and operational matters.
  • In the context of the recent transition to IFRS 17, lead the design and implementation of a robust internal control framework, including policies, procedures, and monitoring mechanisms.
  • Manage quarterly clearance with the Group teams for quarterly and annual consolidation
  • Manage special projects and hands-on ad hoc requests outside the day-to-day operations.
  • Support business in developing business cases and be a key contributor to venture projects, acquisitions, deals and other underwriting initiatives.
  • Implement all recommendations made by external and internal audits
  • Create policies and procedures as necessary
  • Create / implement solutions to address regulatory guidelines
  • Optimize and develop efficient accounting processes and systems
  • Proactive management of relationships with auditors; bankers; rating agencies; regulators and the Paris colleagues
  • Lead, mentor and manage staff members
Qualifications:Requirements in experience, competency, education and qualifications
  • A minimum of 12 years of accounting / finance experience, at least ten years of experience within the insurance/ reinsurance industry required and a minimum of 6 years in public accounting required (big 4 preferred)
  • Work experience in regulated industry (OSFI / AMF / FSCO) with knowledge of compliance functions
  • A strong working knowledge of IFRS 9/17
  • Created a strong internal control environment
  • Managed key projects
  • Track record of success in leading a finance function
  • Strong ethical standards and high levels of integrity
  • Experienced senior leader
  • Experience managing staff members and leading multidisciplinary teams
  • Strong interpersonal skills (verbal and written communications) dealing with senior management / clients / regulators / industry peers
About Us:SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

SCOR