Director of Finance

About the Company

Our client is in the insurance industry. They are looking for someone who will be responsible for statutory and external reporting, corporate income taxes and financial audits.

Why Work Here

• Hybrid work model

• Great benefits and compensation package

• Company has a dynamic, friendly, supportive environment

About the Opportunity

• Lead IFRS quarter end reporting process and ensure that Canadian statutory reporting requirements are met. This includes the preparation and filing of the annual and quarterly regulatory financial returns (P&C1, MCT), annual audited IFRS financial statements and auditor’s reports and other financial returns required by the regulators.

• Work with the SVP Actuary to ensure that actuarial data inputs for the regulatory financial returns and MCT capital returns are reviewed and reconciled to the general ledger.

• Work with external consultants to ensure that IFRS 17 SAS data inputs and outputs for the regulatory financial returns are prepared, reviewed and reconciled within the agreed upon reporting timelines.

• Prepare quarterly IFRS financial statement analysis and commentary, including preparation of materials for the quarterly Board of Directors meetings.

• Prepare annual financial statements, notes to the financial statements, shells and all necessary disclosures for external auditors.

• Manage, coordinate and ensure successful completion of external and internal audits including external financial statement audits, corporate tax external audits, internal audits of the Finance function for SOX and internal audits of the MCT capital return for OSFI. This includes dealing directly with auditors to resolve issues.

• Assess and implement changes in Canadian IFRS, corporate taxation, OSFI regulations and other applicable accounting standards and regulations related to the P&C1, MCT, IFRS financial statements and Canadian corporate taxes.

• Prepare annual capital plan and quarterly reforecasts. Prepare long range plan for the Financial conditions testing.

• Provide support to the Chief Risk Officer by preparing the quarterly CRO risk report for the Board of Director meetings and executing on the plan to complete the finance related disclosure requirements for ESG reporting /OSFI Guideline B15 Climate Risk Management.

• Provide support to the SVP Actuary by filing actuarial related returns required by the regulators i.e. Appointed Actuary’s report and related schedules, external review reports, Financial Condition Testing, ORSA Key Metrics Report and Earthquake Exposure Data Return.

About You

• Bachelor’s degree in finance or accounting

• CPA designation

• Minimum 10 years of financial reporting experience

• Experience in P&C Insurance accounting (including IFRS17) is essential

• A high degree of technical and analytical expertise, excellent verbal, written and communication skills

• Ability to work effectively with senior management and an individual who takes initiative, has a strong team orientation and able to prioritize responsibilities to meet tight deadlines with little to no supervision

Salary Range

$130,000 - $160,000/year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.

When referencing this job, quote #485305

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact View email address on ca.talent.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal .

Representation Notice

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

For residents of Ontario, Canada: Based on Highspring’s discussions with its Client, Highspring’s understanding is that this position for employment is a current vacancy (either through Highspring as a contractor or with the client directly).

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here .
• Virginia residents may access our state specific policies here .
• Residents of all other states may access our policies here .
• Canadian residents may access our policies in English here and in French here .
• Residents of countries governed by GDPR may access our policies here .

Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring’s use of AI can be found here (). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client’s use of AI products in hiring.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual’s skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations;
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.