Hannover Re

Finance Manager

Hannover Re$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelors' degree in Finance, Business, Accounting or related field
  • Minimum 7 years accounting experience in P&C insurance or reinsurance
  • Preferred CPA or equivalent accounting designation
  • Strong knowledge of IFRS17 and its implementation
  • Hands-on, results-driven attitude with a strong customer focus
  • Strong communication skills with senior management exposure
  • Knowledge of SAP, MicroStrategy, or Power BI is advantageous

Responsibilities

  • Lead and mentor the Finance team, reviewing deliverables and providing coaching
  • Oversee technical accounting processes, including account sign-offs
  • Assess financial movements impacting the Branch's solvency
  • Manage quarterly financial close and prepare documentation for reporting
  • Execute and document internal control processes for financial reporting
  • Review financial statements to ensure accuracy and consistency
  • Identify and mitigate risks related to financial and regulatory reporting
  • Resolve reconciliation issues supporting the local team
  • Coordinate with internal and external audits
  • Lead finance projects aimed at process improvement
  • Maintain tax accounting arrangements for accurate liability calculations

Benefits

  • Permanent, full-time position with career development opportunities
  • Inclusive work environment that values diverse experiences
  • Opportunities for involvement in process improvement projects
  • Access to advanced financial reporting tools and methodologies
Full Job Description
Hannover Re Canada is seeking a Finance Manager to join our Accounting and Finance team in our Canada office on a permanent, full-time basis. If you are a talented senior accounting professional with a strong track record of delivering exceptional results and driving strategic change, we would love to meet you.

This role will lead our technical accounting processes and oversee the preparation of balance sheets, income statements, and related financial reports ensuring accuracy, transparency, and full compliance with internal and external standards. You will play a pivotal role in strengthening internal controls, managing reconciliations, and contributing to audits and key group initiatives.

As the Finance Manager, you will lead and oversee the Finance team, comprised of four tech-nical accountants and two financial accountants, and report directly to the Branch CFO.

You can look forward to

Duties & Responsibilities:
  • Provide day-to-day leadership and oversight of the Finance team, including review of deliverables and ongoing coaching and development.
  • Oversee the technical accounting process, including second or third sign of accounts.
  • Understand movements/developments and how they impact the Branch and its sol-vency.
  • Manage all aspects of quarterly financial close including the preparation of state-ments, commentaries, and supporting documentation for Group Reporting as well as OSFI Reporting.
  • Participate in the set-up, execution, and documentation of internal control processes relating to financial reporting requirements, including maintaining and updating pro-cess documentation.
  • Reviewing and interpreting balance sheets, income statements, and reconciliation re-ports to ensure accuracy and consistency.
  • Helping to identify and address risks relating to financial and regulatory reporting.
  • Providing support to the local team in resolving reconciliation issues.
  • Liaise and coordinate with both external and internal audit.
  • Lead finance projects that focus on process improvement and efficiency across the end-to-end reporting cycle.
  • Ensure the appropriate tax accounting arrangements are maintained to allow tax liabil-ities to be calculated accurately in all material respects.


You come equipped with

Educational Background:
  • Bachelors' degree in Finance, Business, Accounting or other related field


Experience & Qualifications:
  • Minimum 7 years accounting experience in the P&C insurance or reinsurance industry.
  • An accounting designation (CPA or equivalent) would be preferred.
  • Strong and current technical knowledge of International Financial Reporting Stand-ards (IFRS17 in particular) and processes implementation and development.
  • Brings a strong sense of business insight and customer focus, paired with a hands-on, results-driven, "can-do" attitude.
  • Ability to support business development efforts with accounting interpretations and analysis of reinsurance solutions provided to cedants.
  • Strong verbal and written communication skills including experience working with sen-ior management.
  • Exposure to SAP, MicroStrategy, Power BI, or similar reporting tools is an advantage.
  • Ability to work effectively in a multicultural environment.
  • Applicants must be legally entitled to work in Canada. Please note that we are unable to provide immigration sponsorship for this role.

We are #somewhatdifferent - people with their own stories, experiences, and career paths. Everyone is welcome! Apply with just one click on the "Apply now" button and become part of our diverse team!

More on our work environment, your entry opportunities, and development prospects can be found at www.hannover-re.com/en/career.

About Hannover Re

Hannover Re is a reinsurance company based in Hannover, Germany. It was founded in 1966 and is one of the largest reinsurance companies in the world. The company provides a range of reinsurance products and services to clients in more than 150 countries. Hannover Re operates through two business segments: Property & Casualty and Life & Health. The company's Property & Casualty segment offers reinsurance products for various lines of business, including aviation, marine, and energy. Its Life & Health segment provides reinsurance products for life and health insurance companies. Hannover Re is listed on the Frankfurt Stock Exchange and is a component of the MDAX index.
Learn more about Hannover Re
Size
32,000 employees
Industry

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