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About the Role
The Assistant Vice President of Finance will lead technical accounting processes, oversee financial reporting, strengthen internal controls, manage reconciliations, support audits, and contribute to key local and Group initiatives. This role provides day-to-day leadership to a team of accountants and reports to the Branch CFO.
Responsibilities
- Provide day-to-day leadership and oversight of the Finance team, including reviewing deliverables and supporting employees’ ongoing coaching, development and performance.
- Oversee technical accounting processes, including the secondary or tertiary review and approval of accounts.
- Analyze financial movements and developments and assess their impact on the Canadian Branch and its solvency position.
- Manage all aspects of quarterly financial close including the preparation of statements, commentaries, and supporting documentation for Group Reporting as well as OSFI Reporting.
- Support the establishment, execution and documentation of internal controls relating to financial reporting requirements, including maintaining and updating process documentation.
- Identify and help address risks relating to financial, regulatory and management reporting.
- Providing support to the local team in resolving reconciliation issues.
- Liaise and coordinate with both external and internal audit.
- Lead finance projects that focus on process improvement and efficiency across the end-to-end reporting cycle.
- Ensure the appropriate tax accounting arrangements are maintained to allow tax liabilities to be calculated accurately in all material respects.
- Collaborate with local and international stakeholders on Finance and Group initiatives.
Requirements
- At least 7 years of progressive accounting experience in the property and casualty insurance or reinsurance industry.
- An accounting designation (CPA or equivalent) would be preferred.
- Strong and current technical knowledge of International Financial Reporting Standards (IFRS17 in particular) and processes implementation and development.
- Brings a strong sense of business insight and customer focus, paired with a hands‑on, results‑driven, “can‑do” attitude.
- Ability to support business development efforts with accounting interpretations and analysis of reinsurance solutions provided to cedants.
- Strong verbal and written communication skills including experience working with senior management.
- Exposure to SAP, MicroStrategy, Power BI, or similar reporting tools is an advantage.
- Ability to work effectively in a multicultural environment.
- Applicants must be legally entitled to work in Canada.
- Unable to provide immigration sponsorship for this role.
Skills
- Technical accounting
- Financial reporting
- Internal controls
- Reconciliation
- Audit support
- Process improvement
- Tax accounting
- Stakeholder collaboration
- SAP
- MicroStrategy
- Power BI
Location
- Canadian Branch
Work Type
- Permanent
- Full-time
- Hybrid
Experience Level
- Assistant Vice President
- 7 years of progressive accounting experience
Education Level
- Bachelors‘ degree in Finance, Business, Accounting or other related field
- CPA or equivalent designation preferred
Salary/Compensations
- $110,000 to $160,000
Benefits
- Competitive compensation
- Comprehensive company-paid benefits
- Half-day of paid time off to celebrate your birthday
- Eligibility to participate in Hannover Re’s annual incentive program
- Professional development and advancement opportunities
About the Company
- Hannover Re Canada is a global organization.
- More information about our work environment, career opportunities and development programs can be found at www.hannover-re.com/en/career.
Equal Opportunity
- We are committed to building an inclusive workplace where individuals with diverse backgrounds, experiences and perspectives are welcomed and valued.
- Hannover Re is committed to providing an accessible and inclusive recruitment process.
- Accommodations are available upon request for candidates participating in all stages of the recruitment and selection process.
- Candidates who require accommodation may indicate this when contacted regarding the recruitment process.