Financial Accountant

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. You will support key accounting and reporting processes while collaborating with cross-functional teams across Toronto and international locations including US, India and Europe.

This is an ideal role for candidates to develop expertise in insurance/reinsurance accounting, capital reporting, and financial analysis within a structured and well-controlled environment while working towards a CPA designation.

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 & analyzing reinsurance cashflow 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 various regulatory platforms, such as OSFI, AMF, Statistics Canada, and industry trade associations

• Handling the Canada Finance team's Purchase orders and invoice processing