Senior Manager Investment Finance (Insurance)

RBC • Mississauga, ON

6d • Onsite

About The Position

For forward-thinking and results-focused leaders, this is an opportunity to join the Insurance Investment Finance team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada. RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility. The Senior Manager, Investment Finance will lead the day‑to‑day investment finance, accounting, and reporting activities for the insurer’s invested asset portfolios, ensuring high‑quality financial information, strong controls, and effective business partnership with Investments and Risk, under the direction of the Director, Investment Finance for RBCI. If you are proactive, self-motivated, passionate about investments and excited about finding creative solutions, and interested in building a career within a world-class financial institution, this is a great opportunity for you. Own the end‑to‑end finance and accounting agenda for invested assets (bonds, equities, mortgages/loans, alternative investments, derivatives, segregated funds, cash and short‑term investments) in line with IFRS 9, internal policies, and regulatory expectations. Support optimization of the insurer’s investment results by providing clear analytics on yield, spread, credit performance, ALM impacts, and P&L/OCI volatility to senior finance and investment leaders.

Requirements

• CPA, CFA or equivalent designation
• Strong knowledge and understanding of investment accounting, operations experience.
• In-depth knowledge on IFRS9 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.
• 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

• Technical knowledge of Insurance industry would be an asset
• 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.
• Act as the primary delegate to the Director, Investment Finance for operational investment‑finance matters, representing the function in relevant forums and projects when required.
• 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.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities, enabling long-term career growth within a world class organization
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed