Senior Financial Analyst, Reinsurance

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

We are looking for a Senior Financial Analyst to join our team in order to deliver excellence in Reinsurance Accounting and Financial Reporting on a timely and accurate basis ensuring compliance with regulatory requirements. Come join the Financial Reporting function at Aviva Canada.

Does this sound like your next role? Read on!

• Manage end to end accounting for specialty reinsurance contracts produced by Aviva’s Global Corporate and Specialty (GCS) unit;
• Liaise with lead GCS underwriters and Legal team during the development of new business opportunities, providing expert opinion related to accounting and reinsurance;
• For new and existing agreements understand the business requirements and determine the necessary involvement of the reinsurance team, ensure these are clearly documented;
• Identify where the GCS reinsurance agreements are compatible with system automated processes vs where manual accounting steps are required;
• Analyze and monitor collateral requirements based on OSFI rules, using reinsurance data and data received from other departments (actuarial, claims, GCS…);
• Manage accounting timelines for this portfolio and work with others on the GCS reinsurance team to ensure these are met;
• Ensure external reports and data received is good quality and delays are promptly followed-up on;
• Ensure external reinsurers are approved by Aviva Group;
• Prepare and analyze reports and have the ability to investigate and explain variances and raise questions on reasonability of results;
• Prepare reconciliations over assigned accounts (e.g. written and unearned premium);
• Prepare inputs for Financial Reporting related to reinsurance;
• Exercise considerable organizational skills in prioritizing, time management and maintaining proper accounting procedures;
• Identify areas for automation or operational improvements and work with VP of Reinsurance to implement these;
• Assist with responding to queries from other functions, and external parties;
• Produce required ad hoc deliverables as assigned;
• Act as a great teammate with strong initiative;
• Key internal and external collaborators include GCS, Legal, Claims, Actuarial, Tax, Aviva plc Group along with external parties to the RI contracts;
• This role reports to the AVP, Reinsurance – Finance.

• Accounting/Finance related University Degree;
• A Chartered Professional Accountant (CPA) designation or equivalent or working towards a CPA;
• Proficiency in Excel;
• Oracle Fusion, Planning and Budgeting Cloud Services (PBCS) and Financial Consolidation and Close Cloud (FCCS) knowledge is an asset;
• Programming skills are a plus;
• Minimum 3 years of accounting related experience;
• Experience with Property and Casualty insurance operations, reinsurance, accounting and regulatory reporting;
• Knowledge of IFRS, specifically IFRS 17, Insurance Contracts;
• Highly developed communication (written & verbal) and interpersonal skills;
• Excellent organizational and time management skills; sound problem solving skills with capability of multi-tasking;
• Initiative to explore new insights and the ability to empower others to accept progress and change;
• Ability and passion to improve processes while simultaneously delivering under tight timelines.

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Outstanding Career Development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year.
• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion.
• Corporate wellness programs to support our employees’ physical and mental health.
• Hybrid flexible work model.

Please note that we may use AI tools to help us through the recruitment process. This is a new position which has been posted both internally & externally.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.