Accountant - Accounting Operations & Systems at Munich Re | CA | Rezi

Accountant - Accounting Operations & Systems at Munich Re

Accountant - Accounting Operations & Systems

Munich Re · CA

1 weeks ago

Accountant - Accounting Operations & Systems

Munich Re · CA

12 days ago
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About the Role

The Accountant is responsible for supporting the monthly close process, financial planning & analysis, and contributing to various regulatory filings. This role requires working cross-functionally with internal teams and stakeholders to ensure timely and accurate closing, leveraging strong analytical skills and a solid understanding of accounting principles.

Responsibilities

  • Ensure all cash entries are processed for the month on a timely basis
  • Prepare and post claims results from the policy administration system
  • Identify and record related party transactions
  • Prepare monthly management reports related to claims activity and cash movement
  • Perform financial analysis, investigate variances, and provide explanations
  • Complete month-end close process in accordance with internal and external requirements
  • Compile and validate data for P&C filings
  • Review and validate contingent commission calculations
  • Summarize underwriting activity for reporting to internal/external actuaries
  • Coordinate quarterly IBNR and litigation reserve reviews and record the reserve changes
  • Prepare and maintain selected balance sheet account reconciliations
  • Master data maintenance in accounting system
  • Support the submission of OSFI P&C/AMF/BC Filings
  • Participate in finance transformation projects
  • Ad hoc requests from management

Requirements

  • Bachelor of Commerce or equivalent from an accredited university
  • Recognized accounting designation, preferably Chartered Professional Accountant
  • 3+ years of progressive accounting/finance experience, preferably in the insurance industry
  • Understanding of GAAP and IFRS
  • Knowledge of IFRS 17 is considered an asset
  • Excellent verbal, written communication and interpersonal skills
  • Ability to prioritize multiple tasks in a deadline-driven environment
  • Strong analytical and accounting skills
  • High level of attention to detail
  • Able to work independently with minimal supervision

Skills

  • Accounting
  • Financial Planning & Analysis
  • Regulatory Filings
  • Financial Analysis
  • GAAP
  • IFRS
  • IFRS 17
  • Analytical Skills
  • Attention to Detail

Location

  • Toronto

Work Type

  • Hybrid

Experience Level

  • 3+ years

Education Level

  • Bachelor of Commerce
  • Accounting Designation

Salary/Compensations

  • $84,000 - $99,000 per year

Benefits

  • Annual company bonus
  • Company-paid flexible health and dental benefits
  • Health Spending Account
  • Wellness Spending Account
  • Wellness program
  • DC Pension Plan with progressive employer contribution scale
  • Optional company match in RRSP plan
  • Generous time off (vacation, personal days, unplanned time, Statutory Holidays, early closure half-days)
  • Learning and development programs
  • Unlimited access to LinkedIn Learning
  • Education Assistance Program
  • Reimbursement for professional fees
  • Employee Referral Program
  • Recognition Program

About the Company

  • HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services.
  • 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 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.

Equal Opportunity

  • 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.
  • We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.