Senior Accounting Specialist

This role requires a strong background in financial accounting and IFRS 17, paired with advanced data management and Excel skills. If you have a passion for streamlining processes, working with cross-functional teams, and are eager to be a key player in shaping the future of insurance data, we want to hear from you!

• Pay Rate: $85k-$115k/year depending on experience
• Location: Pickering, ON - can be fully remote
• Job type: Permanent | Full-time

Responsibilities:

• Understand and support the IFRS 17 system changes related to insurance products, ensuring accurate data flow from inputs to Finevare (IFRS 17 Engine).
• Develop an in-depth understanding of insurance data (Premium, Claims, Commissions) and ensure its accuracy. Create checks and controls to validate data quality and completeness.
• Provide guidance on IFRS 17 processes and work closely with actuaries to review actuarial data and results.
• Lead efforts to optimize the month-end process, automate journal entry creation, and consolidate various journal entries to improve efficiency and ensure controls are in place.
• Work closely with IT and third-party vendors to test new business changes, develop logic, and validate IFRS 17 results as part of ongoing system improvements.
• Collaborate with IT, actuarial teams, consultants, accounting teams, and other stakeholders to align on IFRS 17-related topics and resolve any issues that arise.
• Manage the reconciliation of cash clearing accounts, ensuring proper validation and error correction in data flow.
• Assist with monthly and quarterly reporting, including submission of Group Financial files and explanations of IFRS 17 movements.
• Manage claims, premium, and commission validation to ensure data accuracy from original sources through to the IFRS 17 engine.

Requirements:

• Legal eligibility to work and reside in Canada.
• Bachelor's Degree in Accounting or Finance (Master’s preferred).
• At least 7 years of experience in financial accounting, analysis, and reporting, particularly in insurance accounting and IFRS 17.
• CPA or ACCA designation preferred.
• Advanced MS Excel skills (data management, analysis, and reporting).
• Solid understanding of IFRS standards, with particular expertise in IFRS 17 (GMM model).
• Strong problem-solving abilities and attention to detail.
• Ability to manage complex data and collaborate with technical teams (IT, actuarial, consultants).
• Experience in insurance industry financial processes is a must.
• Able to pass employment, education verification, and criminal record checks.

Don’t miss out on this Senior Accounting Specialist position in Pickering, ON (can be fully remote). Apply now and our dynamic team of recruiters will reach out if you qualify for this role.

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CAB1050