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About the Role

This position leads the preparation and presentation of management results and client profitability analysis, and oversees the financial statement close process for North American legal entities. It also supports projects related to process automation, financial system enhancements, new reporting tools, and process improvements.

Responsibilities

• Lead key financial processes involving material financial transactions reflecting premiums, commissions and other cash flows in a timely and accurate manner.
• Monitor client data, perform financial reconciliations and resolve transactional and reporting matters.
• Prepare complex profit commission reporting to ensure timely and accurate client settlements.
• Serve as a single point of contact to various internal key stakeholders.
• Ensure appropriate control design and performance of key accounting controls.
• Manage key performance indicators and lead investigation efforts on resolving issues and recommend process improvements.
• Design and implement new accounting and reporting processes to accommodate new account and/or new contract set ups.
• Prepare/update process documentation for significant complex processes and transactions.
• Partner with cross-functional groups to address financial operational topics.
• Support external and internal audits.
• Manages the production of business line reports efficiently.
• Communicates and coordinates with Pricing, Claims, Corporate Actuarial, Reinsurance Operations, IT, etc.
• Manages the quarterly reporting for premium estimates, outstanding claims estimates, and other client related balances.
• Manages the quarterly actual results and forecast in the local ledger.
• Assists with ad hoc analytical reviews required to close the quarterly technical results.
• Lead the user testing of financial accounting system upgrades.
• Support automation projects involving processing of client transactions.
• Support special projects involving implementation of new reporting and analytical tools.

Requirements

• 5+ years of industry experience is required.
• Financial accounting and reporting experience in the insurance industry would be considered an asset.
• University degree in commerce/business with a focus on Accounting is required.
• CPA or active pursuit towards one.
• Completion or in-pursuit of insurance related courses would be considered an asset.
• Proficient working knowledge of Microsoft suite (Excel, Access, Word, Outlook, etc.).
• Advanced Excel knowledge is required.
• Previous working experiences with Oracle, PowerBI, SQL, PSQL considered as an asset.
• Ability to work in a team environment.
• Demonstrated ability to add efficiencies to existing processes and to work with current technological trends, with a focus on client service.
• Demonstrated effectiveness working in a fast-paced environment, under tight deadlines and with multiple priorities.
• Results oriented.
• Excellent communication and interpersonal skills.

Skills

• Microsoft Excel
• Microsoft Access
• Microsoft Word
• Microsoft Outlook
• Oracle
• PowerBI
• SQL
• PSQL

Location

• Toronto

Work Type

• Hybrid

Experience Level

• 5+ years

Education Level

• University degree in commerce/business with a focus on Accounting
• CPA or active pursuit towards one

Salary/Compensations

• $90,000 - $105,000 per year

Benefits

• Annual company bonus
• Market leading company-paid flexible health and dental benefits
• Flexible dollars for Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an automatic employer contribution, plus optional company match
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources
• Unlimited access to LinkedIn Learning
• Education Assistance Program
• Reimbursement for professional fees
• Maternity, Parental & Adoption Leave top-up program
• Employee Referral Program
• Recognition & Rewards Platform

About the Company

• As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance.
• By turning uncertainty into manageable risk, we enable fundamental change.
• We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.
• We dare to think big and are continuously innovating on behalf of our clients.
• Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.
• We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

Equal Opportunity

• Munich Re 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.