Reinsurance, Accounting Specialist

Our employees are at the heart of everything we do. Together, we help people, businesses, and society prosper in good times and be resilient in bad times.

Our employee promise represents Intact’s commitment to you in exchange for living our Values, striving to do your best work, being open to change and investing in your career. In return, we promise to provide support, opportunities and performance-led financial rewards at a workplace where you can shape the future, win as a team and grow with us.

About the role

Join our team and be part of the excitement.

We are seeking a highly skilled, talented, and detail-oriented Reinsurance, Accounting Specialist to join an innovative environment where creativity knows no bound. As a key member of the dynamic reinsurance finance team, you will play a crucial role in participating in complex reinsurance accounting activities and contributing to improve closing activities. Your expertise will be pivotal in simplifying and standardizing controls to elevate our reporting and accounting processes.

If you are passionate about making a difference, thrive on challenges and want to work with a team that value fun as much as hard work, this is the opportunity for you. Embrace the energy, ignite your passion and let’s create something extraordinary together.

In this role you will be participating in the accounting and reporting cycle of reinsurance activities. We are aiming to find and develop a candidate that will become a Subject Matter Expert (SME) for the Reinsurance Finance team and will be involved in various streams of the accounting and reporting where the finance department expertise is required.

You succeed at what you do because:

• You are concise and a specialist in complex problem solving.
• You drive for continuous improvement and challenge status quo.
• You are truly versatile, ingenious, and innovative.
• You show initiative, interest to learn and to understand processes.
• You are an ace of teamwork, interpersonal skills, communication, and tact.
• You have a great ability to organize and prioritize workload.

What you’ll do here, as a member of the accounting and reporting team:

• Perform reinsurance accounting and reporting activities during month-end & quarter-end from the preparation of reinsurance journal entries to providing monthly or quarterly analysis to validate reinsurance result and perform appropriate control to ensure the accuracy of the financial results under your responsibility.
• Manage reinsurance premium settlement or reinsurance claims collection and update statement of account to be distributed to client. Apply cash or payment received to the appropriate reinsurers/brokers to maintain accurate balance with external parties.
• Manage required collateral from reinsurer and collaborate with the treasury and the capital team to maintain appropriate level of capital.
• Perform key account reconciliations to ensure accuracy and completeness of the reinsurance balance and perform reinsurance settlement with key reinsurers.
• Participate in the preparation of the financial statement disclosure as well as in the preparation of the regulatory reporting (Pc1) for the insurance regulators.
• Provide insight and recommendations to your leader about reinsurance result.
• Ensure to implement, perform and improve all key controls to ensure high quality of improvement provided to our leader.
• Collaborate with multiple stakeholders to ensure alignment in the month-end closing process.
• Evaluate current process and propose recommendation to be more efficient, less manual to be more efficient and provide more quick result and insight.

Requirements:

• Completed CPA designation or minimum 5 years experience in insurance P&C financial knowledge.
• Professional experience working in Audit, or financial institutions, is an asset.
• Demonstrated experience in fast learning environment requiring agility and adaptability to change.
• Discipline, autonomy and professionalism.
• Strong oral and written communication and interpersonal skills.
• Can interact with various people at all levels of the organization, including management and some external stakeholders.
• For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.

#LI-Hybrid

What we offer
 

Our hybrid work model provides the balance between working from home and enjoying meaningful in-person interactions.

Working here means you'll be empowered to be and do your best every day. Here is some of what you can expect as a permanent member of our team:

• A financial rewards program that recognizes your success

• An industry leading Employee Share Purchase Plan; we match 50% of net shares purchased

• An extensive flex pension and benefits package, with access to virtual healthcare

• Flexible work arrangements

• Possibility to purchase up to 5 extra days off per year

• An annual wellness account that promotes an active and healthy lifestyle

• Access to tools and resources to support physical and mental health, embracing change and connecting with colleagues

• A dynamic workplace learning ecosystem complete with learning journeys, interactive online content, and inspiring programs

• Inclusive employee-led networks to educate, inspire, amplify voices, build relationships and provide development opportunities

• Inspiring leaders and colleagues who will lift you up and help you grow

• A Community Impact program, because what you care about is a part of what makes you different. And how you contribute to your community should be just as unique.

We are an equal opportunity employer

At Intact, our Value of respect is founded on seeing diversity as a strength. We strive to create an accessible workplace where employees feel valued, included and encouraged to share their unique perspectives.

We encourage applications from individuals who are members of equity-deserving groups, including but not limited to women, Indigenous peoples, persons with disabilities, Black people, and members of the 2SLGBTQI+ community.

As part of Intact’s commitment to reconciliation, we acknowledge that we work, meet and travel across the land currently called Canada, originally inhabited by First Nations, Metis and Inuit people. This history extends through many centuries and continues to evolve today.

We have policies to ensure equal access and participation for people with disabilities, including providing workplace adjustments (accommodations). A copy of applicable policies is available on request.

If we can provide a specific adjustment to make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity. We’ll work with you to meet your needs.

Learn more about our recruitment process and your candidate journey here.

If you are an employee of Intact or belairdirect, please apply for this role on Internal Career Site.