Associate Finance

Job description

Job Summary

The ideal candidate will be detail-oriented and proactive, as well as 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.

There will be an emphasis on gathering information related to all aspects of the business. Additionally the position will interact with various departments, including but not limited to: actuarial, claims, accounting, underwriting, legal, etc.  The primary focus will be on assisting with the analysis of the technical landing of the books, including all associated metrics by legal entity. Finally, the role will require analysis and optimization of business flows in order to ensure maximum operating efficiency for the company and its legal structure.

Required experience & competencies

The candidate will possess a moderate degree of accounting and (re)insurance related knowledge and has foundational knowledge of International Financial Reporting Standards and Statutory Accounting Principles. 

Professional Experience:

·  Approximately 2-3 years of accounting or (re)insurance experience
·  Public or Internal Auditing experience a strong plus
·  Working knowledge of financial reporting standards, such as International Financial Reporting Standards (IFRS) and Statutory Accounting Principles (SAP)
·  Strong financial analysis skills
·  Working knowledge of a major general ledger system (PeopleSoft/SAP)
·  Tableau/Business Objects reporting proficiency a plus
·  Strong oral and written skills
·  Ability to work collaboratively with the Finance team to meet strict timelines

Required Education 

·  Bachelor’s degree in Accounting or Finance

Key duties and responsibilities  

Under the supervision of the Senior Associate:

·  Assist in monitoring quarterly landing daily with necessary co-ordination with Actuarial, Technical, Claims and Division including detailed review of premium, losses, commissions, loss adjustment expense (LAE), foreign exchange effect, additional technical expenses (taxes, fees, LAE).
·  Assist in monitoring legal entity results.
·  Assist in preparing the presentations for the Audit Committee and Board of Director’s meetings.
·  Assist in producing the quarterly analytics presentation by identifying and analyzing movements in premiums, losses, and charges, comparing prior periods as well as the strategic plan.
·  Provide support for the annual budgeting process.
·  Maintain 3-year statutory pro formas for all legal entities for capital management and tax projection.
·  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/HUB and relevant information is shared in a timely manner.
·  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.
·  Assist with special projects and ad hoc requests outside the day-to-day operations.