POSITION

SALARY

INDUSTRY

LOCATION

TYPE

REF #

Accounting Supervisor

OPEN

Insurance

West End

Permanent

911002A

POSITION DESCRIPTION

Full Cycle Financial Statement Preparation and Consolidation:

• Preparation and verification of all Canadian entity financial statements
• Provide monthly analysis of entity result variances to verify the completeness and accuracy of financial statements
• Oversee and ensure timely and accurate monthly financial closing process including ADAPT / General Ledger / Reinsurance System. Co Ordinate with all individuals involved in the month end process to meet reporting deadlines
• Intercompany Account Reconciliation
• Variance analysis of entity financial results compared to budget and prior year

Regulatory (External) & Internal Reporting:

• Provide and continuously enhance monthly analysis of key financial indicators to the Personal Lines and Niche Products Division heads
• Prepare reinsurance reporting for reinsurers
• Prepare quarterly actuarial schedules (Premiums, UPR, OS Claims, Paid Claims, and Facility) by policy year / calendar year and line of business. Discuss schedules with external / internal actuaries where required
• Prepare quarterly and annual P&C1 filing with supporting schedules where required. Act as backup for completion of the entire P&C1 if needed
• Prepare external regulatory reports for IBC; GAA; OSFI and industry analysts
• Assist with compilation of notes to financial statements and MD&A as requested

Supervision of Finance Personnel:

• Oversee activities of General Accountant. Verify and sign off on accuracy of Niche AR, deposit funding reports, reinsurance, Niche Audits and general reconciliations. Verify strict deadlines of the employee are met monthly / quarterly / yearly. Train general accountant in problem solving and analytical approaches in detecting possible misstatements. Delegate tasks as required

Budgeting & Forecasting – Canadian Entities:

• Interact with all divisions / departments to obtain sufficient information required to complete budgeting process. Including departmental expense budgets, divisional premium and claim budgets and capital budgeting. Analyze information presented vs. past trends, key performance indicators and future expectations to understand if reasonable. Follow up on unreasonable amounts for further clarification or amendments where necessary

Cash Management & Bank Administration:

• Oversee cash flow requirements for all entities and related administration duties

Ad Hoc Assignments:

• Take part in strategic planning initiatives of the company by providing recommendations on various approaches going forward. Provide detailed analysis for sub groups as requested and required

REQUIREMENTS

• University Degree or College Degree in a related field is required

• Internationally recognized Accounting/Auditing certification required or partial completion; CA, CGA, or CMA

• Technical competencies in accounting policies and practices including sound understanding of financial reporting and analysis, taxation, assurance general business and Information technology

• Strong management skills relating to effective communication, planning, ethics & trust, measurement & monitoring, professionalism and client focus

• Advanced computer skills (Excel, Word). Possess the ability to identify and analyze risk factors. Detailed oriented with the ability to meet many tight deadlines.

• At least 7 years previous experience in finance, experience specific to the insurance industry is an asset

• Excellent oral and written communication skills