HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We dare to think big and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.HSB is much more! It's insurance. Engineering. Technology. To learn more about us, please visit www.Hsb.CaPrimary Objectives:Reporting to the Manager - Accounting Operations & Systems, the Accountant is responsible for supporting the monthly close process, as well as supporting financial planning & analysis and contributing to various regulatory filings. The Accountant will work cross-functionally with other internal teams including Finance, Actuarial Services, and Claims, as well as other key stakeholders to ensure a timely and accurate closing. The successful candidate will have strong analytical skills, be comfortable with learning new systems and have a solid understanding of accounting.Job Responsibilities:Month-end close:Ensure all cash entries are processed for the month on a timely basisPrepare and post claims results from the policy administration systemIdentify and record related party transactionsPrepare monthly management reports related to claims activity and cash movementPerform financial analysis, investigate variances,



and provide explanationsComplete month-end close process in accordance with internal and external requirementsQuarterly/annual reporting:Compile and validate data for P&C filingsReview / validate contingent commission calculationsSummarize underwriting activity for reporting to internal / external actuariesCoordinate quarterly IBNR and litigation reserve reviews and record the reserve changesPrepare and maintain selected balance sheet account reconciliationsBackup and other support:Master data maintenance in accounting systemSupport the submission of OSFI P&C/AMF/BC FilingsParticipate in finance transformation projectsAd hoc requests from managementQualifications:Bachelor of Commerce or equivalent from an accredited universityRecognized accounting designation, preferably Chartered Professional Accountant3+ years of progressive accounting/finance experience, preferably in the insurance industryUnderstanding of GAAP and IFRS, knowledge of IFRS 17 is considered an assetExcellent verbal, and written communication and interpersonal skillsAbility to prioritize multiple tasks in a deadline-driven environmentStrong analytical and accounting skills, high level of attention to detailAble to work independently with minimal supervisionCompany Benefits:Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.We are pleased to offer our employees great advantages and resources to support their mental, physical and financial wellbeing. These include:An engaging and collaborative environment that promotes continuous learning and developmentA hybrid work environment that combines weekly in-office and remote daysA great compensation package including an annual company bonusCompetitive company-paid flexible health and dental benefits,



starting on your first dayFlexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending AccountWellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the jobParticipation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP planGenerous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-daysLearning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional feesEmployee Referral Program and Recognition ProgramOur base salary range for this role is between $84,000 and $99,000 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [email protected] as soon as practical so that suitable accommodations can be arranged.We thank all candidates for their interest; however only those selected for interview will be contacted.

📌 Accountant - Accounting Operations & Systems (Toronto)
🏢 Munich RE
📍 Toronto