Senior Financial Accountant (12-month contract)
Job Description
This role is responsible for handling the preparation, analysis and delivery of financial reports on multiple accounting frameworks (e.g. US GAAP, IFRS17, US Statutory (US STAT), Bermuda Monetary Authority (BMA), Economic Capital (EC), and other local regulatory/internal bases as required). The role involves close collaboration with Financial Management and Treasury, Financial Reporting and Tax, Actuarial and other teams within PL Re and its parent company, Pacific Life (PL). PL Re’s primary statutory reporting basis is US GAAP, as a Division of a US based parent, and with the top divisional entities reporting on a US GAAP basis.
This role is to serve as a key contributor to the accounting and financial reporting and supporting finance-related project activities as required.
How you’ll help move us forward:
- Critically analyze ledger balances and provide clear explanations for quarterly and annual variances and movements.
- Prepare internal reports for senior management, highlighting key drivers of financial performance.
- Support the reinsurance accounting and financial reporting function in meeting monthly, quarterly, and annual deliverables.
- Assist with the financial statement close process by preparing or reviewing journal entries, system feeds, and ad hoc reports.
- Prepare monthly and quarterly account reconciliations, maintain supporting schedules, and investigate reconciling items.
- Perform data validations and financial analyses to generate entries supporting GAAP, IFRS, Statutory, and other reporting bases (EC/BMA).
- Adhere to established internal controls, financial policies, and operational procedures.
- Conduct accounting research and document accounting policies across various GAAP bases.
- Monitor developments in accounting standards and regulatory requirements, assess their financial reporting impact, and implement required updates.
- Liaise with internal and external auditors, support audit activities, and address inquiries in a timely and professional manner.
- Support cross-functional Finance processes, including Investments, Treasury, and Reinsurance Accounting & Reporting.
- Contribute to Finance initiatives such as new system implementations, enhancements, and accounting standard changes.
- Support the Back Office transformation initiative (Project Unify) through process improvement and system integration activities.
- Coordinate departmental process improvement initiatives and maintain updated documentation.
- Provide training and onboarding support for new team members.
- Support the Manager and leadership team with strategic initiatives and ad hoc projects.
Qualifications and Experience
- 3+ years of post-qualified experience in the (re)insurance or financial services industries.
- CPA designation or membership in another recognized professional accounting body.
- University Degree in Finance / Accounting
- Strong US GAAP knowledge.
- Strong regulatory reporting experience (PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment.
- Strong commercial understanding of (re)insurance business.
Competencies and Behaviors:
- Strong technical and analytical skills, with ability to interpret complex data.
- Proven problem-solving capabilities.
- Ability to handle complex and ambiguous scenarios, and explain complex issues in a simple way, both written and verbally.
- Excellent interpersonal skills, able to establish rapport and build effective relationships with stakeholders at all levels.
- Highly organized and detail-oriented, with a focus on meeting timelines and delivering high quality work.
- Self-motivated learner, committed to continuous development of technical knowledge and professional skills
- Collaborative team player to achieve the team shared goals.
- Ability to work flexibly in a global team.
- High standard of personal integrity.
- Resilient and courageous, with the ability to challenge status quo constructively.
LI-PC1
$90,990.00 - $106,155.00 CAD
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.
Leave
Healthcare
Savings & Retirement
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