Sr Financial Analyst, Accounting Reporting

Job ID : 7304
Category : Finance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Waterloo, Canada
Posting Range : $59,400 - $118,100

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Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer 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. Bring your true self and be a part of our journey. It’s better here.

What can you expect in this role?

Reporting to the Manager, Accounting, the Senior Financial Analyst (“SFA”) is responsible for providing Finance customers with value-added information and analysis to assist in their decision-making process. The SFA will be a key contributor in delivering accurate monthly results, including:

  • Preparation of journal entries and reconciliations while adhering to month end deadlines
  • Lead monthly results analysis – ensure completeness and accuracy of results; conduct variance analysis to identify and understand key trends, co-ordinate responses from various stakeholders for variance explanations
  • Prepare schedules and analysis to support external reporting disclosures
  • Work with a variety of business units to obtain financial information required to book critical month end accruals
  • Assist in the coordination and completion of key milestones in the month end close process, including premiums finalization, claims finalization, and validating operating expense results
  • Lead issue resolution by working with stakeholders to gather information and propose solutions
  • Support external audits by providing interim and year end sample requests, respond to audit inquiries, and conduct process walk throughs 
  • Assist in the review of month end entries and reconciliations
  • Work to continuously enhance current processes and reports in terms of accuracy and efficiency
  • Mentor and train junior level analysts, act as a mentor for CPA students
  • Lead ad-hoc projects and process improvement initiatives 

What do you bring to this role?

  • Completed university degree, preferably in Accounting, Business Administration or Finance
  • CPA designation
  • 3-5 years of relevant Finance experience
  • Strong MS Excel skills are required
  • Strong written and verbal communication skills and ability to interact with all levels of the organization
  • Strong analytical skills and exceptional attention to detail.
  • Self-starter who can identify opportunities for improvement and execute on them
  • Proven ability to prioritize multiple tasks and meet firm deadlines
  • Demonstrated ability to research and analyze complex accounting policies and standards, with specific knowledge and experience with IFRS considered an asset
  • Ability to analyze and understand the implications of business activities on the financial statements
  • Prior experience in financial services industries in general, and insurance specifically, would be an asset 

Salary range is $59,400 - $118,100.

#LI-JG1

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

  • 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

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.
It's better here — but don't take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

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 background checks (including criminal checks and leadership references).

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