The GA Accounting & Reporting (A&R) Team plays a key role in the Company by ensuring accurate, consistent and timely accounting and reporting of General Account assets, under multiple accounting frameworks and currencies.
Reporting to the Director, GA Accounting & Reporting, the Senior Financial Analyst is a key member of the Accounting & Reporting team. The Senior Financial Analyst is responsible for the accuracy, completeness and timeliness of accounting for General Fund assets, as well as supporting legal entity consolidations and reporting for the General Account. You will play a key role in supporting the team through day-to-day accounting and reporting activities and will also support the team on organizational as well as ad-hoc projects and requests.
Position Responsibilities: - Responsible for the preparation, analysis and presentation of monthly and ad-hoc financial reports
- Prepares board reports and/or financial statements for selected subsidiaries and co-ordinates the year-end financial audit process for subsidiaries
- Review, verify, and organize the information required for the preparation of monthly reports, management reports and other financial reports
- Perform periodic controls such as Intercompany, Interdivisional and parent / subsidiary reconciliations
- Performs reconciliations between the ledger and sub-ledgers/admin systems on a periodic basis
- Prepare Consolidation entries perform consolidation related controls and review eliminations, equity pick up and income allocation entries
- Track funding and distributions of private market investments; recommend distributions as repayments of loans / return of capital / dividend
- Analyzes financial information to ensure adherence to standards which may include the following: ledgers and preparation of journal entries, investment and real estate accounting, preparation of trial balances / financial statements, account reconciliation, net asset value computation, etc.
- Address ad-hoc requests from internal stakeholders
- Use appropriate judgment in dealing with unexpected issues and requests, demonstrating an ability to prioritize work
- Participates actively in the realization of the team/department objectives
- Participate in projects as assigned to develop and implement new systems and products
- Prepare accounting models for acquisitions, asset transfers and capital transactions
- Co-ordinate Balance Sheet and FSRT sign offs with the business units for Investments BU.
- Prepare/update existing documentation of key processes and controls. Implement and validate changes to accounting procedures and update documentation to ensure operational objectives and standards are met.
- Provides support to setup, reorganize and wind-up of subsidiaries, as needed
- Train, supervise and provide ongoing guidance to offshore team.
- Review and approve the tasks/processes assigned to offshore team
Required Qualifications: - University degree in Finance or Accounting
- Completion of or working towards a recognized accounting designation (CPA) will be considered an asset
- Good knowledge of information systems and Microsoft Office suite
- A minimum of three (3) years' experience in accounting and finance, including planning, analysis and financial reporting
- A thorough knowledge of accounting and finance principles
- Excellent verbal and written communication skills and the ability to present financial analysis to management is essential
- Ability to work effectively as part of a team and individually
- Demonstrate initiative and take responsibility
- Detailed oriented with a high level of accuracy
- Excellent analytical and problem-solving skills
- Ability to react quickly, adapt to changes and meet tight deadlines
- Strong communication and interpersonal skills
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
The role being advertised is an existing vacancy.
Referenced Salary LocationToronto, Ontario
Working ArrangementHybrid
Salary range is expected to be between$73,725.00 CAD - $122,875.00 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 [redacted] 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 [redacted] for more information about U.S.-specific paid time off provisions.
