22 Oct
Combined, a Chubb
Markham
The Senior Financial Reporting Analyst will be responsible for playing a lead role in four key areas: period end financial reporting, regulatory compliance and audit, treasury activities, and finance transformation projects.
The responsibilities include, but are not limited to the following activities:
Financial Reporting (monthly & quarterly Close) activities:
- Preparation and accurately recording of monthly journal entries
- Provide support to financial reporting to upload journal entries at quarter ends.
- Prepare Income Statement variance analysis on Stat basis.
- Gather accounting and actuarial information related to Termlife and distribute entries to Chubb.
- Forward the required monthly reports to the offshore team to complete bank reconciliations.
- Initiate US dollar purchases based on the need of the Branch.
Financial Process Improvement; ongoing:
- Collaborate with business partners (CSSC, Genpact, RBC, Chubb Treasury, Chubb AP, Financial Reporting) to investigate/resolve issues in a timely manner.
- Monitor account reconciliations for aged items. Assist with investigation and resolution.
Regulatory reporting responsibilities include:
- Support IFRS 17 reporting by completing the DSL upload and reconcile DSL cashflows to the Peoplesoft.
- Check OSFI quarterly LIFEPRO and LIMAT files after completion for errors and accuracy.
- Complete the quarterly OSFI analysis for presentation to the senior management in excel and power point.
- Maintaining a list of unclaimed cheques/property based on the legislation of the specific province.
Internal audit and Control testing; ongoing:
- Assist and provide documentation for Sox testing (Model Audit Rule) and internal audit.
- Partner with and provide audit support to internal and external auditors.
Treasury responsibilities include the following activities:
- Download RBC and BMG bank consolidated statement summary and bank activities including returns and credit card deposits.
- Verify and process policyholder claims and Peoplesoft stop payments.
- Monitor and reconcile Peoplesoft cheques and claims cheques rejected in ARP and verify RBC paid items file upload in Peoplesoft.
- Setup and verify bank information/approvals of wire transfer requests.
- Setup installment tax payments in RBC tax payment system.
- Monitor RBC payee mismatch/exceptions from Chubb Treasury e-mail.
Finance transformation project involvement including:
- Act as a business partner and manage relationships with other departments and stakeholders on behalf of Finance transformation projects
- Take active role in product development/modernization of projects meetings
Qualifications
The successful candidate will have accomplished and demonstrated the following:
- 3-5 or more years of related work experience along with an Accounting/Finance designation (CPA/MBA/CFA/other)
- Proven analytical and problem-solving skills.
- Proven self-starter with excellent time management skills who can prioritize multiples deliverables to meet timelines.
- Ability to thrive in a fast pace and changing environment (continues improvement to existing process)
- Strong attention to details, intellectually curious to understand drivers and root causes behind the numbers.
- Collaborative team player and ability to communicate well with all levels within the organization
- Knowledge of accounting standards is an asset: US STAT, US GAAP and IFRS
- Previous experience in insurance industry is an asset.
▶️ Senior Financial Reporting Analyst
🖊️ Combined, a Chubb
📍 Markham