Senior Manager, IFRS (Toronto)

Senior Manager, IFRS (Toronto)

21 Oct
|
ARAG Legal Solutions Inc. (Canada)
|
Toronto

21 Oct

ARAG Legal Solutions Inc. (Canada)

Toronto

Reporting to the Controller, the Senior Manager, IFRS & Insurance Accounting is responsible for the technical application, interpretation, and ongoing compliance with IFRS, with a key focus on IFRS17 insurance accounting. This role serves as the technical accounting lead supporting the Controller, providing guidance on complex and judgmental accounting matters and ensuring consistent application of IFRS standards within the established finance governance framework.

What will you do?

IFRS Technical Accounting & Compliance

- Lead the interpretation and application of IFRS standards across the organization, providing guidance on complex, technical, and judgmental accounting matters.
- Serve as the technical accounting lead within the finance function, supporting the Controller in evaluating and determining appropriate accounting treatments.
- Develop, maintain, and recommend accounting policies, technical position papers, and interpretations for approval within the finance governance framework.
- Monitor emerging accounting developments and industry practices and assess their impact on financial reporting.

IFRS 17 Insurance Accounting

- Develop, maintain, and recommend IFRS17 accounting policies, methodologies, and position papers.
- Apply IFRS17 measurement models, including contract boundary assessments, coverage units, and discounting methodologies.
- Oversee the recognition and measurement of insurance revenue, insurance service expenses, and insurance finance income or expenses.

Management Reporting & Performance Insights

- Prepare monthly management reporting dashboards including commentary focused on financial statement results.




- Provide financial variance commentary related to accounting movements (e.g., timing differences, accruals, reclassifications).
- Ensure consistency, completeness, and accuracy of results across entity-level and consolidated reporting views.

Contractual Service Margin (CSM) & Risk Adjustment

- Oversee the calculation, analysis, and roll‑forward of the Contractual Service Margin (CSM).
- Lead the review and challenge of the risk adjustment methodologies and movements in collaboration with the actuarial team.
- Perform analytical review of CSM drivers, assumption changes, experience variances, and current business impacts.
- Ensure consistency between actuarial outputs and accounting treatment under IFRS 17.

Actuarial & Data Integration

- Lead coordination with the actuarial team to validate inputs, assumptions, and outputs used in IFRS17 and other accounting areas.
- Translate actuarial and operational data into accounting entries, reconciliations, and technical analysis.
- Oversee and enhance data flows between actuarial models, sub-ledgers, and the general ledger.
- Drive resolution of data issues, reconciliation differences, and system-related discrepancies.

Financial Close & Disclosures

- Lead the preparation and review of complex accounting entries, reconciliations,



and supporting schedules as part of monthly and quarterly close.
- Provide technical accounting oversight and support in the preparation of IFRS financial statements and disclosures in coordination with the Senior Reporting Analyst.
- Perform and oversee the quarterly transition from IFRS to HGB using Group‑approved, tool‑based processes, ensuring accuracy, completeness, and consistency.
- Lead collaboration with Group Finance to identify, assess, and explain differences between IFRS and HGB, including impacts from IFRS17 and broader IFRS topics.
- Prepare technical analysis and explanations for Group, Supervisory Board, and external audit requests.
- Ensure all technical accounting working papers are complete, well‑documented, and audit‑ready.

Compliance & Governance

- Act as the primary point of contact for internal and external auditors on technical accounting matters.
- Lead preparation of technical accounting memos, position papers, and audit responses.
- Support the design and operation of internal controls over accounting processes, estimates, and data flows.
- Ensure compliance with internal governance frameworks, policies, and regulatory expectations.

Process Improvement & Automation

- Drive improvements in accounting processes, controls, and data quality across the finance function.
- Lead accounting‑related system enhancements, including IFRS17 and financial reporting tools.
- Develop standardized templates, documentation, and processes to enhance scalability and operational efficiency.

About You

- University degree in Accounting or Finance.
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📌 Senior Manager, IFRS (Toronto)
🏢 ARAG Legal Solutions Inc. (Canada)
📍 Toronto

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