Divisional, AVP Finance POST NUMBER: 406818
Our client is one of the largest public companies in the world. The company’s brand is synonymous with trust, integrity, prudent risk taking and doing business the right way. Like all great brands, ours continues to be forged based on the actions of our people – every one of us – who live it day to day and over time. Our financial strength enables us to provide consistent capacity and innovative, tailored solutions. It enables us to underwrite large, complex risks long term – and gives our customers the utmost confidence in the way we do business.
Why Work Here
- Work for a very reputable, world-renowned company in the reinsurance industry
- Gain a wide breadth of accounting experience through being the person responsible for every aspect of the Life Insurance Accounting function of the company
- Family-like feel, tight nit group of employees that enjoy working for a company that treats them well
About the Opportunity
- Responsible for accounting, financial and regulatory reporting to senior management (preparation and review of financial statements in accordance with US GAAP (LDTI) and IFRS (including IFRS 17), Solvency II reporting, NAIC reporting and OSFI reporting for the different businesses within the Life Division)
- Provide leadership and direct the financial reporting, accounting and analysis. Provide ongoing leadership, coaching, training, and development of the staff within the Finance area
- Strengthen financial and organizational processes and controls through partnership and proactive interactions with other functional areas including Valuation, Risk Management and Capital, Administration and Claims
- Oversee treasury, investments, cash management and forecasts
- Responsible for expense management, which includes but is not limited to, expense allocation, accounts payable, budget process and cheque disbursements
- Provide accounting expertise. Stay abreast of accounting pronouncements and lead the implementation of new accounting standards
- Develop and maintain sound financial/accounting policies, procedures and systems
- Integrate new deals/purchases into group reporting and determine appropriate accounting treatment for new deals
- Oversee and review filing of corporate and indirect tax returns and tax reporting. Stay abreast of changes in corporate, indirect and other taxes that could affect the business and manage the associated third-party outsourcing services
- Lead finance projects and financial aspects of various initiatives
- Ensure integrity of financial statements through development, maintenance and management of effective internal controls. Oversee the management and maintenance and controls over finance system
- Proactively identify, design, recommend and implement changes to financial and accounting processes, financial & tax reporting, systems and controls to improve the quality and effectiveness of financial reporting, forecast, budget and cost management
About You
- The successful candidate will have over 5 years of experience at a managerial level in a Life Insurance and/or Reinsurance company or over 5 years of experience managing a Life Insurance/Reinsurance account at a major accounting firm;
- Accounting designation (CPA, CA) is required;
- Expert knowledge of finance, financial reporting, accounting standards, budgeting and forecasting;
- Excellent analytical and problem-solving skills with strong attention to detail;
- Exceptional communication skills, written and verbal, with the business acumen to present concepts and ideas to a wide audience;
- Excellent interpersonal skills, with the ability to work with all levels of the organization and gain credibility and trust;
- Ability to motivate, engage and coach team members.
Salary Range
$160,000 - $190,000/year
How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.
When referencing this job, quote #406818.
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.