Sr Financial Analyst, Regulatory Reporting at Definity Insurance Company

Waterloo, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

123500.0

Posted On

17 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory reporting, Financial analysis, Accounting, Financial planning, Tax, Actuarial finance, Journal entries, General ledger reconciliations, Process improvement, MS Excel, Auditing, Analytical skills, Communication skills, Attention to detail, Leadership, Issue resolution

Industry

Insurance

Description

The opportunity Reporting to the Manager, Regulatory Reporting, this Senior Financial Analyst (“SFA”) or Intermediate Financial Analyst (“IFA”) position is a key member of the finance team. This role provides opportunity for cross functional collaboration between accounting, financial planning, tax and actuarial finance teams as well exposure to regulatory bodies including Office of the Superintendent of Financial Institutions (OSFI), GAA, and Statistics Canada. What to expect * Preparation of regulatory reporting requirements for OSFI, Statistics Canada, and GAA ensuring accuracy and compliance (P&C1s, surveys) * Interact with other business units to obtain and/or provide financial information * Prepare journal entries, general ledger reconciliations and monthly analyses * Implement process efficiencies and controls for month-end and PC1 tasks * Self-review and review of junior team member’s work for reasonability, accuracy and completeness * Provide leadership to Co-op student and other team members * Lead issue resolution by working with stakeholders to gather information and propose solutions * Lead ad-hoc projects and process improvement initiatives What you bring * University or college degree in business, finance, or related program * A CPA accounting designation (SFA), or working towards a CPA accounting designation (IFA) * Strong MS Excel skills are required * Prior experience in a financial reporting role or a role auditing financial reporting * Strong work ethic and commitment to operational excellence * Excellent attention to detail and strong analytical skills * Strong written and verbal communication skills and ability to interact with all levels of the organization * Flexibility to deal with time sensitive ad hoc requests as they arise * Professional, friendly and courteous in all interactions, whether with customers or co-workers * Prior experience in financial services industries in general, and insurance specifically, would be an asset We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter. Salary Range: $73,500 - $123,500 High degree of proficiency with English required to service customers, both internal to the company and external, across Canada. Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. This position is being posted to fill an existing vacancy. Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success. What’s in it for you? * Hybrid work schedule for most roles * Company share ownership program * Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance. * Pension and savings programs, with company-matched RRSP contributions * Paid volunteer days and company matching on charitable donations * Educational resources, tuition assistance, and paid time off to study for exams * Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents * Wellness and recognition programs * Discounts on products and services Go ahead and expect a lot — you deserve it. It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion. Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@economical.com. Background checks This role requires successful clearance of background checks (including criminal checks and leadership references). #LI-Hybrid #IND1 Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering. We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Responsibilities

The Senior Financial Analyst is responsible for preparing regulatory reports for OSFI, Statistics Canada, and GAA while ensuring compliance and accuracy. They will also lead process improvement initiatives, perform monthly financial analyses, and collaborate with cross-functional teams.