07 Aug
|
Swiss Re
|
Ontario
About The Role
We are seeking a highly motivated and detail-oriented Financial Accountant to join our Finance team supporting the Canadian Branches of Swiss Re, covering Life and Health Reinsurance, Property and Casualty Reinsurance, and Property and Casualty Direct Insurance. This role offers an opportunity to build hands‑on experience in financial reporting under IFRS 17, and regulatory capital management frameworks, working within a global reinsurance organization.
Key Responsibilities
Support the preparation of technical (IFRS 17) and non-technical (investments, expenses) financial data for regulatory and internal reporting, including:
Running reports from key source systems, including SAP subledger and general ledger
Reconciling and analysing reinsurance cash‑flow data (premiums, claims, costs) between key source systems
Performing quarterly analyses over non‑technical investment results and general & administrative expenses
Assist in the analysis of insurance results under IFRS 17, including understanding key movements in balance‑sheet and P&L; items, and gathering explanations for key variances versus prior periods and expectations:
Supporting the preparation of quarterly MD&A; presentations and annual year‑end financial statements (balances and disclosures)
Building cross‑functional working relationships with Central Finance, Actuarial, Claims, Underwriting, and Operations teams to resolve accounting and data issues
Support quarterly capital reporting and forecasting, including data validation and reconciliation
Ensure data accuracy, completeness, and timeliness of reporting deliverables, including appropriate documentation to support internal controls and audit requirements
Perform operational tasks including but not limited to:
Submission of financial information to regulatory platforms such as OSFI, AMF, Statistics Canada, and industry trade associations
Handling Purchase orders and invoice processing
Ad‑hoc cheque deposits and monthly bank reconciliations
Premium tax filings
Identifying opportunities to improve efficiency and apply automation in financial reporting processes
Supporting implementation of enhancements related to systems, data quality, and controls
About The Team
The Canadian Finance team is responsible for the accounting and reporting of reinsurance & direct insurance technical balances (premiums, claims, commissions, reserves, together with intra‑group reinsurance) and non‑technical balances (e.g., investments, general expenses) for the Canadian Branches of Swiss Re. It works closely with various business partners to support relevant transactions and is recognised for its cooperative and inclusive environment.
Experience & Qualifications
Bachelor's degree in accounting, finance, or a related field
Actively pursuing CPA designation
Technical Skills
Advanced Excel skills (PivotTables, lookups, data analysis)
Experience with financial systems (e.g., SAP, FPSL, Business Objects)
Exposure to automation tools or process improvement initiatives
Core Competencies
Strong analytical and problem‑solving skills
High attention to detail and data integrity
Ability to manage competing deadlines in a structured reporting environment
Strong communication skills and ability to work in cross‑functional teams
The base salary hiring range for this new position is CAD $60,000‑75,000. The specific base salary offered for this role will take into account a number of factors including but not limited to job location, scope of role, qualifications, experience and employer budget.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.
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📌 Financial Accountant (Ontario)
🏢 Swiss Re
📍 Ontario