Job Title
Job Description
The Senior Financial Accountant, Financial Reporting role sits within the Pacific Life Re (PL Re) Financial Reporting and Tax team and reports to the AVP, Financial Reporting.
This is a 14‑month contract role, based in Toronto, operating under a hybrid working model.
This role is responsible for leading the preparation, analysis, and delivery of financial and regulatory reporting across multiple accounting and reporting bases, including US GAAP, US Statutory (US STAT), Bermuda Monetary Authority (BMA), Economic Capital (EC), and/or other local regulatory bases.
The role works closely with Financial Reporting and Tax, Financial Management and Treasury, and Actuarial teams across PL Re, as well as with stakeholders at the parent company, Pacific Life (PL), and other teams across the organization. As a division of a US‑based parent, PL Re’s primary statutory reporting basis is US GAAP, with top divisional entities reporting on a US GAAP basis.
The role does not include formal people management but has a significant impact on financial and regulatory reporting and supports finance‑related projects as required.
How you’ll help move us forward:
Delivery of financial statements in accordance with US GAAP, US STAT, and other relevant internal and regulatory standards.
Prepare, analyze, and explain financial and regulatory results for PL Re and its entities, including presentation of results to senior Finance leaders at PL Re and PL and external reporting.
Coordinate with Finance, Actuarial, Legal, Risk, and Treasury teams to ensure accurate, complete, and timely reporting.
Support finance transformation initiatives (including Project Unify) by participating in testing and helping transition to new ledger systems and reporting tools.
Track changes in accounting standards and regulatory requirements, assess impact on PL Re, and implementation as needed.
Ensure financial controls are performed and clearly documented, in compliance with internal and external control framework.
Point of contact for internal and external auditors, with a focus on financial and regulatory reporting matters.
Support the AVP, Financial Reporting and senior Finance leaders with ad hoc projects and initiatives as required.
The experience you bring:
5+ years of post-qualified experience in the (re)insurance industry and/or financial service industries, with strong life insurance industry experience
Recognized accounting qualifications (e.g. ACA, ACCA, CPA or equivalent)
Strong US GAAP technical knowledge
Proven regulatory reporting experience (e.g. PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment
Experience providing leadership and oversight of teams, with a demonstrated ability to manage and support change
Strong commercial understanding of (re)insurance business
Less experienced candidates will be considered as Senior Financial Accountant
What makes you stand out:
Strong systems expertise, including advanced Excel and using accounting systems and financial reporting tools (e.g. PeopleSoft, Oracle)
Working with large data sets
Strong experience with US GAAP or US statutory reporting in life insurance industry
$90,990.00 - $106,155.00 CAD
Compensation Range
The compensation range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location.
Working For Pacific Life Re
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.
Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits
Leave
23 days of annual leave (Regular employees) with option to buy or sell more days
Fertility leave
Generous parental leave
Healthcare
Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
Dental & Optical benefits
Savings & Retirement
RRSP: company-matched contributions
Wellness
Employee and Family Assistance Program
Subsidized gym membership
Time off for volunteering
Charitable matching of employee donations
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Values
Use of AI
As part of our commitment to a fair and efficient hiring experience, we want to inform you that we may use artificial intelligence (AI) tools to assist in reviewing resumes, and during the assessment process, including through platforms like HireVue. These tools help us identify relevant qualifications and streamline evaluations, but final decisions are always made by our hiring team.