Senior Financial Analyst, Investments Accounting, Financial Reporting

Definity Insurance Company • Waterloo, ON

2d • CA$73,500 - CA$123,500 • Hybrid

About The Position

Reporting to the Manager, Financial Reporting, this role is for a detail-oriented Senior Financial Analyst to lead period-end investment reconciliations. The analyst will be the go-to expert bridging investment operations, custodians, and the general ledger, ensuring the investment portfolio is complete, accurate, and timely for financial reporting.

Requirements

• Completed post-secondary degree, preferably in Accounting, Finance, or related field
• Experience with investment accounting/reconciliation, and knowledge of investment products (e.g., equities, bonds, money market; familiarity with derivatives such as futures, options, or FX forwards)
• Strong proficiency with Excel
• Strong written and verbal communication skills and ability to interact with all levels of the organization, as well as external parties
• Strong analytical skills and exceptional attention to detail
• Self-starter who can identify opportunities for improvement and execute on them
• Proven ability to prioritize multiple tasks and meet firm deadlines
• High degree of proficiency with English required to service customers, both internal to the company and external, across Canada.

Nice To Haves

• Professional designation considered an asset (e.g. CPA, CFA)
• Experience with investment accounting systems (e.g., Portia) considered an asset
• Knowledge and experience with IFRS considered an asset

Responsibilities

• Reconcile cash transactions and position activity (buys/sells, income, corporate actions) between the investment custodian(s) and the corporate investment tool (Portia)
• Work closely with the Investments team to analyze variances, identify root causes, and resolve discrepancies
• Prepare and post journal entries (accruals, amortization/accretion, realized/unrealized gains/losses, investment fees)
• Reconcile the general ledger to the investment portfolios, ensuring completeness, accuracy, and appropriate cut-off
• Monitor compliance with accounting policies under IFRS
• Own month-end and quarter-end close deliverables related to investments: reconciliations, financial statement and MDA-related disclosures, variance analysis, and supporting schedules

Benefits

• Hybrid work schedule for most roles
• Company share ownership program
• Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

What This Job Offers

• Job Type: Full-time
• Career Level: Senior