Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.
We’re looking for an Intermediate Analyst, Reinsurance who will perform accounting functions and assist in reporting functions including in the preparation of submission of financial reports and schedules to internal and external partners.
Provide back-up support to other reinsurance team members and take on special reinsurance projects as assigned by Sr Mgr and AVP of Reinsurance.
Come join our team!

What you’ll do:

• Analyze and set up Reinsurance accounting processes for new and modified GCS opportunities alongside Sr Mgr/AVP of Reinsurance.
• Perform accounting journal entries to record the financial impacts of the GCS reinsurance agreements.
• Assist in preparation of financial statements and regulatory reports / schedules and timely filing to our Regulator.
• Reconcile statements of receivables and payable to reinsurers /cedants, outstanding losses, premium reserves held, claim reserves held and open account. Assist in preparation of commutation worksheets.
• Analyze and process invoices. Prepare trend analysis on proportional treaties. Make payments to brokers/cedants for claims and process cash in system. Run required accounting and variable reports for month end close process and projects. Process journal entries and reconcile GL balances. Prepare and submit loss development data to Actuary for IBNR purposes.
• Take part in cross training of other analysts in our Reinsurance team.
• Participate in reinsurance projects as assigned. Provide back-up support in the absence of other members of our reinsurance team.

What you’ll bring:

• A University degree with a business major or a college diploma in business / accounting major. Professional accounting close to completing or recently completed designation: CA, CMA, CGA or equivalent.
• A minimum of 1 to 3 years of accounting experience and 3 to 5 years’ experience in assumed and/or ceded reinsurance accounting. Experience in accounting process and knowledge in preparation of financial statements. Knowledge of the accounting principles and standards.
• Ability to work effectively with others in building team relations.
• Capable to connect with customers internally and externally. Good written and verbal communication skills required.
• Efficient in dealing with brokers / cedants / reinsurers, external / internal auditors and within Aviva.
• Strong analytical skills in resolving discrepancies. Accurate in analysis of invoices and preparation of financial reports and schedules.
• Detail oriented and methodical.
• Strong in time management and timely delivery of obligations. Good organization skills to promptly meet timelines and incorporate work assignments.
• Involved in cross training and practice sharing of knowledge to improve work process.
• Ability to chase for collection of outstanding reinsurance receivable balances.
• Knowledge in interpreting reinsurance agreements and enforcing the application of the terms of the agreement.
• Computer proficiency in Microsoft Word, Excel are required. Proficiency in PBCS/Oracle Fusion/Blackline/MINDs would be considered an asset.

What you’ll get:

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Outstanding Career Development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year
• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion
• Corporate wellness programs to support our employees’ physical and mental health
• Hybrid flexible work model

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.

LI-AI

• Analyze and set up Reinsurance accounting processes for new and modified GCS opportunities alongside Sr Mgr/AVP of Reinsurance.
• Perform accounting journal entries to record the financial impacts of the GCS reinsurance agreements.
• Assist in preparation of financial statements and regulatory reports / schedules and timely filing to our Regulator.
• Reconcile statements of receivables and payable to reinsurers /cedants, outstanding losses, premium reserves held, claim reserves held and open account. Assist in preparation of commutation worksheets.
• Analyze and process invoices. Prepare trend analysis on proportional treaties. Make payments to brokers/cedants for claims and process cash in system. Run required accounting and variable reports for month end close process and projects. Process journal entries and reconcile GL balances. Prepare and submit loss development data to Actuary for IBNR purposes.
• Take part in cross training of other analysts in our Reinsurance team.
• Participate in reinsurance projects as assigned. Provide back-up support in the absence of other members of our reinsurance team