Vice President, Chief Financial Officer - Canada

Title: Vice President, Chief Financial Officer - Canada

Company: Everest Insurance Company Of Canada

Job Category: Finance

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe, and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

Job Summary:

Everest Insurance Company of Canada, a member of Everest Re Group, Ltd., is seeking a Vice President, Chief Financial Officer for their Toronto office. The CFO for Everest Insurance Company of Canada will report into the CFO of North America, Insurance and secondary dotted line to the CEO of Everest Insurance Company of Canada. This position will be responsible for strategic planning and leadership, setting a long-term financial strategy and the overall health of the organization in close partnership with the CFO and CEO. This individual will work to ensure adherence to key risk management practices and procedures while overseeing functions such as technical accounting and controllership, broker receivables, reinsurance accounting, compliance, and strategic planning. You will also play a key role in any strategic projects impacting the finance team.

Responsibilities include but are not limited to:

Strategic Planning

• Develop and implement financial strategies to support the organization's long-term goals.

Accounting and Finance

• Oversee the finance function including technical accounting and controllership, broker receivables, reinsurance accounting, compliance, and strategic planning.
• Oversee the timely monthly and quarterly closing processes, ensuring adherence to both internal (local and corporate) and external deliverables.
• Oversee and manage all accounting, auditing, and finance-related compliance functions related to the insurance company.
• Oversee day-to-day accounting for insurance operations, including timely settlement of broker receivables and claims payments/funding arrangements.
• Actively monitor and control all ledger reconciliations and trial balance sign-off.
• Maintain and recommend improvements to key operational processes (minimize process risk).
• Be the key point of contact for internal and external audit engagements.
• Lead the annual planning/budgeting process for underwriting results.
• Effectively manage internal relationships across all departments and throughout Everest Group of companies.

Corporate Governance

• Communicate and engage with the Board of Directors.
• Ensure compliance with financial regulations and local laws and regulations.

People Leadership

• Set strategy and goals for the local finance team.
• Supervise, manage, and mentor the finance team, fostering a culture of collaboration, innovation, and excellence.
• Lead by example; embrace Everest colleague behaviors.
• Attract, select, and develop talent.

Financial Reporting

• Coordinate consistent and timely quarterly and annual regulatory financial statements and returns.
• Monitor financial performance and prepare quarterly reports for senior management and the Board of Directors.
• Work closely with management to ensure compliance and the timely reporting of all reinsurance arrangements (including billings and establishing appropriate collateral where required).
• Oversee monthly and quarterly premium analytics with the management team.
• Coordinate all regulatory tax income tax and premium filings.

Risk Management

• Identify and manage financial risks, including market, credit, and operational risks.

Capital Management

• Make decisions regarding investment funding and capital structure.

Work Experience and Qualifications:

• Minimum 15 years of working experience in the insurance industry.
• Strong understanding of OSFI framework and financial regulatory requirements.
• Executive leadership experience and proven ability to lead, develop, and inspire.
• Detail-oriented and highly organized.
• Skilled in time management and the ability to prioritize tasks.
• Experience with Oracle General Ledger not required but a strong plus.
• Strong financial acumen with the ability to communicate and express ideas clearly and concisely with Senior Executives, Regulators, and Auditors.
• Strong analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Qualified accountant (CA, CPA, ACCA, or equivalent).
• University degree or equivalent.

Cultural Fit and Impact on Organization:

• Unquestionable ethics, integrity, and business acumen.
• Collaborative and team-oriented.
• Strong executive presence and team leadership skills.
• Adjusts quickly to changing priorities and conditions, and copes with ambiguity, complexity, and change.
• Sense of ownership, entrepreneurial and hands-on problem solver.

Our Culture:

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders, and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions, and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity, and Inclusion.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level, or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day-to-day interactions with fellow colleagues and the global communities we serve.

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Type: Regular

Time Type: Full time

Primary Location: Toronto - Insurance Canada