2024 CFO, Fall Financial Analyst (8 Months)
Job Summary
As a key member of the Insurance Finance Project team you will be responsible to support the development of financial technical documentation, requirements and testing for Insurance Contract measurement, accounting systems and related methodologies with strong focus on Financial Data, Investments, Data Management, Financial Reporting and the implementation of new Financial Technology tools.
You will directly support the testing & analysis of processes and controls across financial applications while identifying and driving solution opportunities for improvements relating to the Insurance contract measurement, investment, expense, financial and accounting systems and data lakes.
Responsible for iteration functional testing, expected to actual analytics & documenting issue resolution as well as other requirements of the project as assigned to ensure strategic financial objectives are accomplished; contributing to initiatives ranging from large strategic projects to ongoing maintenance activities.
Job Description
What will you do?
• Manual journal entry assessment, documentation of scope and requirements for IT. Manual journal entry processing, testing & audit documentation-expected and comparison to actual results
• Automation of manual entries and processes
• Assist with data sourcing from IT and cash flow mapping
• Develop Test Cases with expected results for Policy and Non-Policy Cash flows, Accounting Events and Financial Measurements.
• Create and maintain testing documentation for supported systems.
• Support users in resolving production issues and applying bug fixes
• Leverages own technical Insurance accounting, and Insurance system knowledge to support the Close Process Team in the analysis and definition of requirements in an intersect of actuarial, investments, accounting, IT, process structure, regulatory, and data needs.
• Provide support of business, financial analytics, testing, modeling and other requirements as assigned that covers actual, planning, forecasting, and disclosure requirements for Global RBC Insurance. Includes but is not limited to the Income Statement, Earnings by Source, Financial Disclosures, Balance Sheet, Capital, Tax, Strategic Metrics and Financial Drivers.
What do you need to succeed?
• Currently enrolled in a Canadian post-secondary institution with a focus in Business, Commerce or Accounting.
• Motivated self-starter, able to pick up new concepts quickly with very strong communication skills
• Teamwork, collaboration, and co-operation is a requirement.
• Strong financial modeling skills, with the ability to manage and test large quantities of data
• Outstanding technology skills.
• Excellent ability to structure and write clear technical system, process, and methodology documents of varying lengths.
We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is 1st June 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps.
Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.
RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.
Job Skills
Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking Initiative
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
MISSISSAUGA
Country:
Canada
Work hours/week:
37. 5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Student/Coop (Fixed Term)
Pay Type:
Salaried
Posted Date:
2024-05-01
Application Deadline:
2024-06-01
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
As a key member of the Insurance Finance Project team you will be responsible to support the development of financial technical documentation, requirements and testing for Insurance Contract measurement, accounting systems and related methodologies with strong focus on Financial Data, Investments, Data Management, Financial Reporting and the implementation of new Financial Technology tools.
You will directly support the testing & analysis of processes and controls across financial applications while identifying and driving solution opportunities for improvements relating to the Insurance contract measurement, investment, expense, financial and accounting systems and data lakes.
Responsible for iteration functional testing, expected to actual analytics & documenting issue resolution as well as other requirements of the project as assigned to ensure strategic financial objectives are accomplished; contributing to initiatives ranging from large strategic projects to ongoing maintenance activities.
Job Description
What will you do?
• Manual journal entry assessment, documentation of scope and requirements for IT. Manual journal entry processing, testing & audit documentation-expected and comparison to actual results
• Automation of manual entries and processes
• Assist with data sourcing from IT and cash flow mapping
• Develop Test Cases with expected results for Policy and Non-Policy Cash flows, Accounting Events and Financial Measurements.
• Create and maintain testing documentation for supported systems.
• Support users in resolving production issues and applying bug fixes
• Leverages own technical Insurance accounting, and Insurance system knowledge to support the Close Process Team in the analysis and definition of requirements in an intersect of actuarial, investments, accounting, IT, process structure, regulatory, and data needs.
• Provide support of business, financial analytics, testing, modeling and other requirements as assigned that covers actual, planning, forecasting, and disclosure requirements for Global RBC Insurance. Includes but is not limited to the Income Statement, Earnings by Source, Financial Disclosures, Balance Sheet, Capital, Tax, Strategic Metrics and Financial Drivers.
What do you need to succeed?
• Currently enrolled in a Canadian post-secondary institution with a focus in Business, Commerce or Accounting.
• Motivated self-starter, able to pick up new concepts quickly with very strong communication skills
• Teamwork, collaboration, and co-operation is a requirement.
• Strong financial modeling skills, with the ability to manage and test large quantities of data
• Outstanding technology skills.
• Excellent ability to structure and write clear technical system, process, and methodology documents of varying lengths.
We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is 1st June 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps.
Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.
RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.
Job Skills
Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking Initiative
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
MISSISSAUGA
Country:
Canada
Work hours/week:
37. 5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Student/Coop (Fixed Term)
Pay Type:
Salaried
Posted Date:
2024-05-01
Application Deadline:
2024-06-01
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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