Senior Associate, Finance
Job Description
Job Summary
There will be an emphasis on gathering information related to all aspects of the business: the position will interact with various departments: technical closing, actuarial, claims, technical accounting, underwriting, legal, etc. Focus will be on assisting with the analysis of the technical landing of the books, including all associated metrics under IFRS 17 and US STAT. Additionally, the role will require analysis and optimization of business flows in order to ensure maximum operating efficiency for the company and its legal structure.
The ideal candidate will be detail-oriented, proactive, and eager to contribute to the financial operations of the company. They will have a high sense of teamwork and work ethic, and will be able to assist the Finance function in providing deliverables timely.
Key duties and responsibilities
This position will perform and co-ordinate processes as outlined below.
Quarterly Analytics
Assist in developing expectations of technical results for each quarter (US STAT/IFRS 17)
Compare expectations to actual results by division/LOB/UWY
Assist with the review of retro results to ensure they are in line with expectations, investigating any significant variances
Work with technical closing, claims, reserving, and underwriting to comment on the quarterly activity
Quarterly Landing
Work with the local technical closing team to help prepare a quarterly landing summary file explaining the technical results for the period (US STAT/IFRS 17)
Compare the landing with the operating plan and provide insightful commentary
Update as needed throughout the quarter close
Reoccurring Presentations
Assist in preparing the presentations for the Audit Committee and Board of Director’s meetings
Assist in preparing any external presentations including but not limited to regulators, rating agencies, and auditors
Financial Planning & Analysis
Provide support for the annual strategic plan process, including reviewing assumptions and providing feedback
Maintain three-year statutory pro formas for all legal entities for capital management and tax projections
Local Solvency Planning and Monitoring
Assist in projecting expected RBC for a three-year period
Assist in performing stress tests to assess ability to absorb adverse scenarios
Monitor capital adequacy and evaluate opportunities for potential transactions/capital repatriation
ACCOUNTING ISSUES
Contribute to the maintenance of accounting records to ensure compliance with relevant accounting standards
Research and convey to the Finance team technical accounting issues that are identified
OTHER
Assist with special projects and ad hoc requests outside the day-to-day operations
Assist with impromptu requests from CFO/Controllers in the Americas (Canada, Brazil, Argentina, etc.) to ensure the companies are aligned with finance directives from the Group and relevant information is shared in a timely manner
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