Reinsurance Accountant - Jobs in Toronto

Job Description

Department: Global ReinsuranceLocation: TorontoReports To: Senior Manager, ReinsuranceCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equityamp; Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization. If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:- A premier flexible work environment (a combination of on-siteamp; remote work) supporting our employees in their pursuit of a healthy work-life balance - Competitive healthamp; dental benefits plan - Market-leading pension plan - Competitive time off policy - External educationamp; tuition reimbursement programs- Employeeamp; Family Assistance Programs - An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equityamp; inclusionThe Opportunity:Liberty is seeking a detail-oriented Financial Analyst to join our Global Reinsurance team located in our Toronto office. The Financial Analyst will be responsible for assisting with monthly reporting, partnering with brokers through billing and collection and ad hoc projects as assigned. Successful candidates for this role will also perform monthly general ledger accounting and month end processing. As a Financial Analyst you will review and settle monthly and quarterly reinsurance agreements (of moderate to high complexity) based upon the reinsurance contracts. You will also prepare and assist with monthly/quarterly Corporate reporting requirements. If you want to learn, grow and contribute in a fast paced environment, please read further!Duties and Responsibilities:

• General ledger accountingamp; month end processing.
• Perform internalamp; external reporting of financial statementsamp; maintain/modify the reporting templates as required.
• Assist with internal and external audits.
• Reviews reinsurance data set and prepare premium bordereaux, loss bordereaux, summary cession statementamp; proofs of loss.
• Prepares reconciliation of statements and accounts to system sub ledger accounts to ensure accuracy.
• Prepares check requisitions or wire transfer requests to settle accounts with brokers and reinsurers.
• Assist with planning and forecasting.
• Ad hoc projects and requests as required.
• Assist in the evaluation of contract wordings in order to determine coverage and indemnity owed to loss according to the terms and conditions of the original policy and reinsurance contract.
• Perform other analysisamp; accounting related projects as assigned.
• Provides detailed reconciliation to Liberty Mutual every quarter as part of Affiliated Reinsurance Elimination signoff.
• Prepares mark-offs when accounts are deemed uncollectible or uneconomical to pursue.
• Liaises with regional finance groups and Liberty Mutual Home Office Reinsurance in reinsurance matters.
• Provides support for Statutory reporting.
• Prepare Cat by Event reporting and other Corporate deliverables.
• Assist with and/or provide input on process and reporting enhancement initiatives.

Skillsamp; Qualifications:

• A minimum of 2 years of finance or accounting – ideally in insurance in the P amp;C area with exposure to reinsurance concepts.
• Professional accounting designation (CPA) preferred or equivalent work experience.
• Broad knowledge of reinsurance concepts, products and processes an asset.
• Ability to work with large volumes of data to derive business solutions.
• High proficiency with Microsoft Excel.
• Experience working with automated accounting and reporting systems.
• Ability to identify and solve problems based on analysis.
• Strong interpersonal communication skills (written and oral).

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.