Intermediate Financial Analyst – Reinsurance

Job ID : 6849
Category : Finance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada

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Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.

Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.

Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.

Definity offers a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Leaders partner with their teams to find the right balance of on-site and remote work that best meets the needs of their teams, colleagues, brokers and customers, while ensuring collaboration, teamwork and accountability for goals.

Reporting to the Manager, Reinsurance, this Intermediate Financial Analyst position is a key member of the reinsurance team. This financial reporting focused role provides opportunity for cross functional collaboration between financial reporting, financial planning, capital management, actuarial, underwriting, and claims.

What can you expect in this role?

  • Support month-end close process for reinsurance including journal entries, general ledger reconciliations, regulatory reporting, and monthly analysis
  • Prepare monthly reinsurance claim and premium calculations including billing and collections from reinsurers
  • Assist in the quarterly reinsurance forecast as part of corporate business plan process
  • Help create reinsurance analysis including P&L performance, counterparty monitoring, and other ad hoc analysis
  • Support the annual reinsurance placement including preparation of underwriting submissions and presentation materials
  • Deep dive into processes to continually look for improvements and efficiencies that help to reduce cycle time
  • Create strong links with various business units in order to deliver on responsibilities
  • Self-review work performed for reasonability, accuracy and completeness

What do you bring to the role?

  • University or college degree in business, finance, or related program
  • A CPA accounting designation, or working towards a CPA accounting designation
  • 2+ years’ experience with financial reporting and month-end close processes or alternatively experience auditing mid- and large-sized clients will be strongly preferred
  • Insurance and / or reinsurance experience will be considered an asset
  • Strong work ethic and commitment to operational excellence
  • Excellent attention to detail and strong analytical skills
  • Strong written and verbal communication skills and ability to interact with all levels of the organization
  • Flexibility to deal with time sensitive ad hoc requests as they arise
  • Professional, friendly and courteous in all interactions, whether with customers or co-workers
  • Strong working knowledge of Microsoft Excel, PowerPoint, and Word


We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it, and we’ve got it: 

  • Hybrid work schedule for most roles
  • Company share ownership program
  • Pension and savings programs, with company-matched RRSP contributions
  • Paid volunteer days and company matching on charitable donations
  • Educational resources, tuition assistance, and paid time off to study for exams
  • Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
  • Wellness and recognition programs
  • Discounts on products and services

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).


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