Senior Financial Analyst Jobs

Job Title: Financial Analyst (Insurance Industry)

Contract Duration: 6 Months

Location: North York, Toronto (Hybrid: 1-2 days per week in office)

Job Summary:

We are seeking a highly skilled Financial Analyst with expertise in accounting management and experience in the insurance industry to join our team on a 6-month initial contract. The Financial Analyst will play a critical role in analyzing financial data, preparing reports, and providing valuable insights to support informed decision-making within the organization. This position will be based in North York, Toronto, with a hybrid work arrangement allowing for 1-2 days per week in the office.

Responsibilities:

1. Financial Analysis: Conduct thorough financial analysis, including budgeting, forecasting, and variance analysis, to support strategic and operational decision-making.
2. Reporting: Prepare accurate and timely financial reports, presentations, and dashboards to provide insights to stakeholders, management, and executives.
3. Insurance Industry Expertise: Apply in-depth knowledge of the insurance industry to analyze financial data and assess risk, profitability, and performance metrics.
4. Accounting Management: Oversee accounting processes, including journal entries, reconciliations, and month-end/year-end close activities, ensuring compliance with accounting standards and regulations.
5. Cost Analysis: Analyze cost structures, identify cost-saving opportunities, and make recommendations to optimize financial performance.
6. Financial Modeling: Develop and maintain financial models to support business planning, forecasting, and scenario analysis.
7. Stakeholder Collaboration: Collaborate closely with cross-functional teams, such as actuarial, underwriting, claims, and operations, to gather data, understand business requirements, and provide financial insights.
8. Compliance and Audit Support: Assist with internal and external audits, ensuring financial records are accurate, complete, and compliant with relevant regulations.
9. Process Improvement: Identify opportunities to streamline financial processes, enhance efficiency, and implement best practices.
10. Ad hoc Projects: Support special projects and initiatives as required, providing financial expertise and analysis.

Qualifications:

1. Bachelor's degree in Finance, Accounting, Economics, or a related field. Professional certifications (e.g., CPA, CFA) are highly desirable.
2. Proven experience as a Financial Analyst, preferably in the insurance industry, with a strong understanding of insurance accounting principles and regulations.
3. Proficiency in financial modeling, forecasting, and analysis techniques.
4. Advanced knowledge of Microsoft Excel and financial software systems (e.g., SAP, Oracle).
5. Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.
6. Excellent communication and presentation skills, with the ability to effectively communicate financial information to both financial and non-financial stakeholders.
7. Detail-oriented mindset and a high level of accuracy in financial reporting.
8. Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment.
9. Experience with process improvement initiatives and driving operational efficiencies.
10. Knowledge of relevant accounting standards and regulations (e.g., IFRS, GAAP) within the insurance industry.