This position is part of the Global Reinsurance Accounting Center of Excellence (CoE), a team that is responsible for producing timely and accurate financial information relating to highly complex affiliate and external reinsurance treaties. In this role, you will lead the analysis of reinsurance treaties and legal entities, including the preparation and assessment of reinsurance results, presenting analytical findings, reviewing and implementing new reinsurance treaties, and ensuring consistent and accurate implementation of reinsurance calculations and accounting models across global operations. The successful candidate will also be expected to manage and own special projects related to the implementation of new accounting standards, operational initiatives, or treaty agreements. These projects will involve interacting and working directly with Global Finance, IT, and Actuarial teams.
Position Responsibilities:- Prepare and analyze reinsurance settlements and reporting for internal and external reinsurance treaties, including complex global treaties covering multiple accounting bases (IFRS 17, NAIC, Tax and Bermuda STAT)
- Compile and review reinsurance-related footnote disclosures and reinsurance-related Annual Financial Statement schedules
- Present reinsurance financial results to stakeholders quarterly
- Define and evaluate new reinsurance treaty accounting models and calculation methodologies
- Collaborate with global IT, Actuarial, Finance, and Investments teams to manage changes in systems and processes due to new accounting standards, operational initiatives or new treaty agreements to ensure timeliness and integrity of financial data used for reinsurance reporting
- Mentor and share best practices with other team members
Required Qualifications:- 6+ years of experience in an insurance or financial services environment
- University degree in Accounting, Finance, or a related discipline
- Ability to learn and apply a large amount of technical accounting material
- Proficiency using Microsoft Office, particularly Microsoft Excel and Power BI
- Self-starter, capable of working independently, with attention to detail and strong analytical and problem-solving skills
- Ability to multitask and manage priorities in a demanding and deadline-oriented environment
- Demonstrated ability to communicate effectively (written and verbal) and comfortable working with senior levels of management
- Must be well-organized and innovative with an aptitude for automation/process improvements
- Commitment to understanding complex financial transactions and maintaining strong internal controls is essential
- Able to work as part of a team with a positive attitude and strong work ethic
Preferred Qualifications:- CPA designation preferred
When you join our team:- We'll empower you to learn and grow the career you want.
- We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
- As part of our global team, we'll support you in shaping the future you want to see.
#LI-Hybrid
The role being advertised is an existing vacancy.
Referenced Salary LocationToronto, Ontario
Working ArrangementHybrid
Salary range is expected to be between$92,900.00 CAD - $142,900.00 CAD
Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.
Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.
