Senior Finance Accountant, Reporting, Divisional
About The Position
The Senior Financial Accountant, Financial Reporting role sits within the Pacific Life Re (PL Re) Financial Reporting and Tax team and reports to the AVP, Financial Reporting. This is a 14‑month contract role, based in Toronto, operating under a hybrid working model. This role is responsible for leading the preparation, analysis, and delivery of financial and regulatory reporting across multiple accounting and reporting bases, including US GAAP, US Statutory (US STAT), Bermuda Monetary Authority (BMA), Economic Capital (EC), and/or other local regulatory bases. The role works closely with Financial Reporting and Tax, Financial Management and Treasury, and Actuarial teams across PL Re, as well as with stakeholders at the parent company, Pacific Life (PL), and other teams across the organization. As a division of a US‑based parent, PL Re’s primary statutory reporting basis is US GAAP, with top divisional entities reporting on a US GAAP basis. The role does not include formal people management but has a significant impact on financial and regulatory reporting and supports finance‑related projects as required.
Requirements
- 5+ years of post-qualified experience in the (re)insurance industry and/or financial service industries, with strong life insurance industry experience
- Recognized accounting qualifications (e.g. ACA, ACCA, CPA or equivalent)
- Strong US GAAP technical knowledge
- Proven regulatory reporting experience (e.g. PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment
- Experience providing leadership and oversight of teams, with a demonstrated ability to manage and support change
- Strong commercial understanding of (re)insurance business
Nice To Haves
- Strong systems expertise, including advanced Excel and using accounting systems and financial reporting tools (e.g. PeopleSoft, Oracle)
- Working with large data sets
- Strong experience with US GAAP or US statutory reporting in life insurance industry
Responsibilities
- Delivery of financial statements in accordance with US GAAP, US STAT, and other relevant internal and regulatory standards.
- Prepare, analyze, and explain financial and regulatory results for PL Re and its entities, including presentation of results to senior Finance leaders at PL Re and PL and external reporting.
- Coordinate with Finance, Actuarial, Legal, Risk, and Treasury teams to ensure accurate, complete, and timely reporting.
- Support finance transformation initiatives (including Project Unify) by participating in testing and helping transition to new ledger systems and reporting tools.
- Track changes in accounting standards and regulatory requirements, assess impact on PL Re, and implementation as needed.
- Ensure financial controls are performed and clearly documented, in compliance with internal and external control framework.
- Point of contact for internal and external auditors, with a focus on financial and regulatory reporting matters.
- Support the AVP, Financial Reporting and senior Finance leaders with ad hoc projects and initiatives as required.
Benefits
- 23 days of annual leave (Regular employees) with option to buy or sell more days
- Fertility leave
- Generous parental leave
- Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
- Dental & Optical benefits
- RRSP: company-matched contributions
- Employee and Family Assistance Program
- Subsidized gym membership
- Time off for volunteering
- Charitable matching of employee donations
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
