Primary Objectives:

Reporting to the Manager - Accounting Operations & Systems, the Accountant is responsible for supporting the monthly close process, as well as supporting financial planning & analysis and contributing to various regulatory filings. The Accountant will work cross-functionally with other internal teams including Finance, Actuarial Services, and Claims, as well as other key stakeholders to ensure a timely and accurate closing. The successful candidate will have strong analytical skills, be comfortable with learning new systems and have a solid understanding of accounting.

Job Responsibilities:

• Month-end close:
  • Ensure all cash entries are processed for the month on a timely basis
  • Prepare and post claims results from the policy administration system
  • Identify and record related party transactions
  • Prepare monthly management reports related to claims activity and cash movement
  • Perform financial analysis, investigate variances, and provide explanations
  • Complete month-end close process in accordance with internal and external requirements

• Quarterly/annual reporting:
  • Compile and validate data for P&C filings
  • Review / validate contingent commission calculations
  • Summarize underwriting activity for reporting to internal / external actuaries
  • Coordinate quarterly IBNR and litigation reserve reviews and record the reserve changes
  • Prepare and maintain selected balance sheet account reconciliations

• Backup and other support:
  • Master data maintenance in accounting system
  • Support the submission of OSFI P&C/AMF/BC Filings
  • Participate in finance transformation projects
  • Ad hoc requests from management

Qualifications:

• Bachelor of Commerce or equivalent from an accredited university
• Recognized accounting designation, preferably Chartered Professional Accountant
• 3+ years of progressive accounting/finance experience, preferably in the insurance industry
• Understanding of GAAP and IFRS, knowledge of IFRS 17 is considered an asset
• Excellent verbal, and written communication and interpersonal skills
• Ability to prioritize multiple tasks in a deadline-driven environment
• Strong analytical and accounting skills, high level of attention to detail
• Able to work independently with minimal supervision

Company Benefits:
Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.
We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

Our base salary range for this role is between $84,000 and $99,000 per year , plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

We thank all candidates for their interest; however only those selected for interview will be contacted.