Senior Manager Investment Finance (Insurance)

Royal Bank of Canada•Mississauga, ON

5d•Onsite

About The Position

Join RBC's Insurance Investment Finance team as Senior Manager and lead the end-to-end finance and accounting function for our insurer's invested asset portfolios. You'll own critical activities from daily accounting and reporting to strategic financial analysis, ensuring high-quality data, strong controls, and seamless partnerships with Investments and Risk teams. In this role, you'll drive investment performance insights across bonds, equities, mortgages, alternatives, derivatives, segregated funds, and cash positions. You'll translate complex IFRS 9 requirements and regulatory frameworks into clear analytics on yield, spread, credit performance, and P&L/OCI volatility insights that directly shape senior leadership decision-making. This is your opportunity to build a career within Canada's largest company, an organization internationally recognized for innovation, diversity, and customer satisfaction. If you're proactive, self-motivated, and energized by creative problem-solving within a world-class financial institution, we want to hear from you.

Requirements

CPA, CFA or equivalent designation
Strong knowledge and understanding of investment accounting, operations experience.
In-depth knowledge on IFRS 9 and investment accounting system,
Excellent analytical thinking and acute attention to detail.
Excellent excel skills and data management concept
Technical knowledge of investment back office and front office procedures
Understanding and experience in accounting for investment securities, wholesale funding, derivatives processing and alternative investments.
Technical knowledge of Insurance industry would be an asset
Excellent leadership, communication, and interpersonal skills – ability to work with people at all levels within the organization.
Ability to manage numerous priorities simultaneously amidst tight deadlines.

Nice To Haves

Experience with RBC financial systems and associated procedures including EPM, EPAM system knowledge also preferred.
Experience working with large data set with data query skills
Minimum 5 years of involvement in Investment finance
People Management experience

Responsibilities

Lead the monthly and quarterly close for investment portfolios, including review of journal entries, reconciliations, valuations, and disclosures, ensuring accuracy, timeliness, and audit‑ready support.
Oversee investment accounting for new and complex transactions (e.g., private placements, real estate, structured products, SPVs), ensuring appropriate classification, measurement, and presentation under IFRS and company policies.
Drive special project relating to new investment initiatives/strategies (e.g., private placements, real estate, structured products, SPVs), ensuring appropriate classification, measurement, and presentation under IFRS, assess implications to operational processes including ledger system and reporting/disclosures, and develop solutions through working with functional groups like Legal, Accounting Policy, Tax, Investment, Risk etc.
Manage the production of investment‑related management information: trend analysis, attribution of investment income and fair value changes, benchmarking versus budget/plan, and insights on drivers of results.
Partner with Investment, GRMI, and Capital teams to support strategic asset allocation, ALM initiatives, liquidity management, and capital efficiency, providing finance input on proposed strategies and trades.
Coordinate and enhance investment‑related disclosures in financial statements and management reporting (e.g., invested assets, credit quality, fair value hierarchy, expected credit losses, duration and interest‑rate risk metrics), aligned with regulatory and peer expectations.
Maintain a robust control environment over investment finance processes, including SOX, reconciliations between Investment Admin source system and ledger system, intergroup reconciliation with related parties, sign‑offs, and documentation of key judgments and estimates.
Lead responses to internal and external auditors and regulators on investment‑related matters, ensuring issues are addressed promptly and sustainably.
Drive continuous improvement in systems, data flows management, and processes for investment accounting, reporting, and analytics, including requirements for finance and investment platforms and automation opportunities.
Develop, coach, and supervise the investment finance team (analysts/specialists), setting clear performance expectations and building deep technical expertise in investment products, IFRS 9/17, and insurance‑specific investment issues.
Contribute to the development and maintenance of investment‑related finance policies, procedures, and governance frameworks, ensuring alignment with the insurer’s risk appetite and investment policy statements.