Senior Financial Analyst ~ Insurance Program at Brookfield Asset Management | Ontario, CAN | Rezi

Senior Financial Analyst ~ Insurance Program at Brookfield Asset Management

Senior Financial Analyst ~ Insurance Program

Brookfield Asset Management · Ontario, CAN

2 days ago

Senior Financial Analyst ~ Insurance Program

Brookfield Asset Management · Ontario, CAN

2 days ago
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About the Role

The Senior Financial Analyst – Financial Operations will be a key member of the Financial Operations (FinOps) team within Brookfield Real Estate Corporate Operations. This role will support the financial oversight of the Consolidated Insurance Program, which manages insurance coverage for Brookfield's real estate assets. The position requires strong analytical capabilities, attention to detail, and the ability to operate effectively in a complex, multi-entity environment.

Responsibilities

  • Assist in the management of annual allocations for key insurance programs, including validating cost inputs and assumptions, performing reconciliations and variance analysis, and supporting scenario analysis and allocation reporting.
  • Manage quarterly and off-cycle premium adjustments related to asset acquisitions and dispositions.
  • Support the ongoing refinement and automation of allocation methodologies in partnership with Risk Management.
  • Support the preparation of reporting, analyses, and presentations related to insurance program costs, allocation results, and key allocation drivers.
  • Maintain cash flow forecasts for expected premium collections and expenditures, and monitor liquidity across the insurance program and related legal entities.
  • Support Sector Finance teams in budgeting and liquidity forecasting related to insurance costs.
  • Track and monitor letters of credit (LOCs), intercompany funding arrangements, loans, and investment balances related to the Insurance Program.
  • Execute billing and collections processes related to insurance premiums.
  • Process vendor payments and manage operational cash flows.
  • Track third-party claims payments and ensure timely remittance to properties.
  • Support process improvement and automation initiatives to enhance the efficiency and accuracy of insurance financial operations and reporting.
  • Support the preparation and review of financial statements for captive insurance legal entities, including quarterly and annual reporting packages for Brookfield’s consolidated financial reporting.
  • Assist in the preparation of journal entries, account reconciliations, and supporting schedules for captive insurance entities.
  • Prepare analyses, supporting schedules, and internal management reports, including tracking actual expenditures against budget, forecast, and allocation model assumptions.
  • Assist in identifying and explaining key variances and trends related to insurance program costs and operating results.
  • Prepare supporting documentation for regulatory filings and statutory audits, and coordinate audit requests with external auditors.
  • Liaise with the Tax team on quarterly and annual federal and state tax calculations and filings.
  • Assist with management company accounting and related reconciliations.
  • Maintain strong financial controls and support adherence to internal policies and procedures.

Requirements

  • CPA designation or in progress
  • Bachelor’s degree in accounting, finance, or a related field
  • 3–6 years of progressive experience in finance, accounting, audit, or financial operations
  • Strong analytical and problem-solving skills, with the ability to interpret complex financial data and identify trends, variances, and key business drivers
  • High level of accuracy and attention to detail
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment
  • Effective communication skills, with the ability to collaborate across functions (Risk, Tax, Legal, and Finance)
  • Solid understanding of financial reporting, reconciliations, and internal controls
  • Proficiency in Excel and experience with financial systems (e.g., ERP platforms)
  • Demonstrated involvement in the preparation of financial reporting, reconciliations, and management reporting packages
  • Exposure to budgeting, forecasting, cash flow management, or liquidity planning
  • Familiarity with multi-entity environments and complex organizational structures is an asset
  • Knowledge of insurance programs, captive insurance structures, or regulated entities is considered an asset
  • Exposure to cost allocation methodologies, financial modeling, or financial analysis is an asset

Skills

  • Excel
  • Financial systems (e.g., ERP platforms)
  • Financial reporting
  • Reconciliations
  • Internal controls
  • Budgeting
  • Forecasting
  • Cash flow management
  • Liquidity planning
  • Cost allocation methodologies
  • Financial modeling
  • Financial analysis

Location

  • Brookfield Place - 181 Bay Street

Work Type

  • Full-time

Experience Level

  • Senior

Education Level

  • Bachelor's degree in accounting, finance, or a related field
  • CPA designation or in progress

Salary/Compensations

  • $95,000 - $110,000 annually

Benefits

  • Group RRSP
  • Tuition reimbursement
  • Early close on summer Fridays
  • Paid maternity leave
  • Employee referral program

About the Company

  • Brookfield Real Estate Group is one of Brookfield’s primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world’s most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management.
  • Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
  • Brookfield Properties manages real estate around the globe and prioritizes making a positive impact in the communities where we operate. We are dedicated to implementing sustainable solutions that reduce environmental impact while collaborating with our partners, tenants and local neighborhoods to bring our properties to life.

Equal Opportunity

  • Brookfield Properties is an equal opportunity employer, and we foster an inviting, inclusive and collaborative environment.
  • We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.
  • Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.
  • Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.