Senior Financial AnalystReporting to the Controller, the
Senior Financial Analyst plays a pivotal role in ARAG's financial operations, ensuring the integrity and accurtacy of financial reporting, and supporting the overall financial strategy. This role is a vacancy.
What will you do?Budgeting & Forecasting
- Process ownership preparation of annual budgets and rolling forecasts.
- Collaborate with department heads to gather assumptions and validate inputs.
- Perform scenario modeling and sensitivity analysis to support strategic decisions.
Financial Analysis & Reporting
- Ability to understand a complex business model and to translate its interdependencies into clear financial metrics.
- Perform variance analysis between actuals, budgets, forecasts and provide recommendations to improve underwriting profitability.
- Identify trends, risks, and opportunities to improve financial performance.
- Prepare monthly and quarterly reports highlighting relevant KPIs including comments on business developments.
Modeling & Decision Support
- Build financial models to support strategic initiatives and business cases.
- Conduct scenario and sensitivity analysis considering regulatory changes and market conditions.
- Incorporate actuarial inputs (loss reserves, premium projections) into financial models.
- Interdisciplinary collaboration with Underwriting and Risk Management to ensure that financial modelling reflects all relevant business dimensions
Strategic Support
- Support long-term financial planning, capital allocation decisions, and solvency monitoring.
- Evaluate business cases for new projects, investments, and initiatives.
- Conduct profitability & cost analysis by product line, distribution channel, and region.
Compliance & Governance
- Ensure adherence to accounting standards (IFRS) and internal controls.
- Maintain documentation for budgeting and forecasting processes.
- Communicate with Controller on work status and financial issues that arise.
Process Improvement
- Recommend enhancements to financial planning processes and tools.
- Support automation and efficiency initiatives within finance.
About You:- University degree in accounting, finance.
- CPA, CFA, or equivalent designation preferred.
- Experience in MGA or insurance-industry preferred.
- At least 3 years of experience in financial analysis, FP&A, or corporate finance.
- Advanced knowledge and proficiency in Excel with financial modeling; experience with BI tools is an asset.
- Knowledge of Windows and MS Office applications including Office 365.
- Working knowledge of SAP desired.
- Aptitude for figures, strong analytical and investigative skills.
- Ability to thrive under pressure and adhere to challenging deadlines.
- Excellent communication and organizational skills with internal stakeholders, clients and management.
We Offer:- Competitive Base Salary including annual bonus plan
- Generous Employer Paid Benefits Plan, including RSP matching & Fitness Credit
- Location is a combination of remote work from home and from our head office in the heart of Toronto's Financial District
For more information about ARAG Canada please visit: www.arag.ca/en/
