Senior Financial Analyst ~ Insurance Program

Brookfield Asset Management•Toronto, ON

17d•CA$95,000 - CA$110,000•Onsite

About The Position

Brookfield Properties is seeking a motivated and detail-oriented Senior Financial Analyst – Financial Operations to join their Brookfield Properties Corporate team. The Senior Financial Analyst will be a key member of the Financial Operations (FinOps) team within Brookfield Real Estate Corporate Operations and will support the financial oversight of the Consolidated Insurance Program. The Insurance Program manages insurance coverage for real estate assets owned or managed by Brookfield. The Senior Financial Analyst will contribute to financial and management reporting, liquidity management, financial operations, and allocations related to the Insurance Program, while partnering closely with Risk Management, Tax, Legal, and Sector Finance teams. The role will support the Senior Director, Insurance Program, in the day-to-day financial oversight and administration of the Consolidated Insurance Program. This position requires strong analytical capabilities, attention to detail, and the ability to operate effectively in a complex, multi-entity environment while managing multiple priorities and deadlines.

Requirements

CPA designation or in progress
Bachelor’s degree in accounting, finance, or a related field
3–6 years of progressive experience in finance, accounting, audit, or financial operations
Strong analytical and problem-solving skills, with the ability to interpret complex financial data and identify trends, variances, and key business drivers
High level of accuracy and attention to detail
Ability to manage multiple priorities and meet deadlines in a fast-paced environment
Effective communication skills, with the ability to collaborate across functions (Risk, Tax, Legal, and Finance)
Solid understanding of financial reporting, reconciliations, and internal controls
Proficiency in Excel and experience with financial systems (e.g., ERP platforms)
Demonstrated involvement in the preparation of financial reporting, reconciliations, and management reporting packages
Exposure to budgeting, forecasting, cash flow management, or liquidity planning

Nice To Haves

Familiarity with multi-entity environments and complex organizational structures is an asset
Knowledge of insurance programs, captive insurance structures, or regulated entities is considered an asset
Exposure to cost allocation methodologies, financial modeling, or financial analysis is an asset

Responsibilities

Assist the Senior Director and Risk Management team in the management of annual allocations for key insurance programs, including validating cost inputs and assumptions, performing reconciliations and variance analysis, and supporting scenario analysis and allocation reporting
Manage quarterly and off-cycle premium adjustments related to asset acquisitions and dispositions
Support the ongoing refinement and automation of allocation methodologies in partnership with Risk Management
Support the preparation of reporting, analyses, and presentations related to insurance program costs, allocation results, and key allocation drivers
Maintain cash flow forecasts for expected premium collections and expenditures, and monitor liquidity across the insurance program and related legal entities
Support Sector Finance teams in budgeting and liquidity forecasting related to insurance costs
Track and monitor letters of credit (LOCs), intercompany funding arrangements, loans, and investment balances related to the Insurance Program
Execute billing and collections processes related to insurance premiums
Process vendor payments and manage operational cash flows
Track third-party claims payments and ensure timely remittance to properties
Support process improvement and automation initiatives to enhance the efficiency and accuracy of insurance financial operations and reporting
Support the preparation and review of financial statements for captive insurance legal entities, including quarterly and annual reporting packages for Brookfield’s consolidated financial reporting
Assist in the preparation of journal entries, account reconciliations, and supporting schedules for captive insurance entities
Prepare analyses, supporting schedules, and internal management reports, including tracking actual expenditures against budget, forecast, and allocation model assumptions
Assist in identifying and explaining key variances and trends related to insurance program costs and operating results
Prepare supporting documentation for regulatory filings and statutory audits, and coordinate audit requests with external auditors
Liaise with the Tax team on quarterly and annual federal and state tax calculations and filings
Assist with management company accounting and related reconciliations
Maintain strong financial controls and support adherence to internal policies and procedures