Senior Financial Analyst

Summary

The Senior Financial Analyst will be responsible for playing a lead role in managing financial and payroll operations, collaborating with stakeholders on process improvements, regulatory reporting/internal controls as well as providing valued added analysis to support sales bonus program and other projects.

Responsibilities

Financial Close / Operations

• Lead quarter/month-end processes with business partners managing timelines through preparation, review and analysis of financials (Review and propose accruals/entries for completeness of the ledger)
• Analysis and review of month-end and quarter-end balance sheet / income statement activity
• Responsible for PeopleSoft capital asset module for capital asset purchases / disposals
• Support AP / Cheque process with external vendors
• Monitor account reconciliations for aged items. Assist with investigation and resolution

Regulatory Reporting

• Support OSFI Reinsurance filing
• Partner with Risk Management team to research, review and implement OSFI Guidelines / update Risk Management Framework.

Internal Audit And Control Testing:

• Draft and update corporate policies and compliance / risk management documentations
• Lead Sox controls testing (Model Audit Rule) and process narratives update
• Partner with and provide audit support to internal and external auditors.

Payroll Administration

• Assist with bi-weekly payroll processing by accurately entering and reviewing payroll data.
• Support the benefit and tax (T4) review process to ensure accuracy and compliance with regulatory requirements.

Sales Bonus Support

• Administer monthly sales bonus payments for the sales distribution team, ensuring accuracy and timeliness.
• Collaborate on the review and design of sales bonus programs to optimize effectiveness and align with company objectives.
• Provide ad-hoc support and partner with the sales distribution team and senior leadership to explain bonus structures and assist with program design.

Business Partnering / Financial Analysis on Projects

• Act as a business partner and manage relationships with other departments and stakeholders
• Support IFRS 17 analysis and reporting (accounting policies, data validation, audit)
• Assist with financial analysis on cost vs. benefits of organizational strategic initiatives, model various scenarios as well as perform sensitivity analysis in excel
• Preparation of presentation materials for leadership review

Support:

• Collaborate and support other team members to achieve common goals
• Ad hoc projects and reports according to business needs and requirements.
• Performs back-up duties when Finance Director is away
• 3-5 or more years of experience along with an Accounting/Finance designation (CPA/MBA/CFA/other)  
• Proven analytical and problem-solving skills
• Experience in financial reporting in a SOX regulatory control environment
• Self-starter with excellent time management skills who can prioritize multiples deliverables to meet timelines
• Strong attention to details, intellectually curious to understand drivers and root causes behind the numbers
• Ability to thrive in a fast pace and changing environment (Continues improvement to existing process)
• Collaborative team player and ability to communicate well with all levels of management
• Knowledge of accounting standards is an asset: US STAT, US GAAP (LDTI), and IFRS
• Previous experience in insurance industry is an asset