Senior Financial Analyst, Capital Management

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?

The Senior Financial Analyst, Capital Management has the unique opportunity to participate in a wide range of activities as part of the Capital Management team of a growing public company, including capital planning, forecasting, effective allocation, and optimization initiatives:

Actively participate in capital and treasury activities as a public company, including:

• Raising capital (debt, preferred shares and hybrid securities, equity, etc.)
• Analyzing and optimizing cost of capital
• Shareholder distributions, including dividends and share buybacks
• M&A due diligence, funding and integration
• Intercorporate transactions
• Regularly prepare and present capital management analysis and recommendations to senior leaders and the board of directors
•  Perform risk-adjusted return on capital modeling and make recommendations to senior leaders to help improve financial results
• Lead the preparation of financial analysis, including building and adapting complex models to address requests from senior leaders, investors, regulators or credit rating agencies
• Monitor and propose actions to maintain regulatory capital ratios within our target range and ensure they remain in-line with our risk appetite
• Contribute to the quarterly and annual business plan and short-term forecasting processes by preparing the investment income, balance sheet, cash flow, KPIs and capital forecasts
• Support the ongoing preparation of capital-related investor relations materials including key messaging on capital management strategy and execution
• Engage in the annual credit rating process, including preparing management presentations and performing credit rating modeling
• Work closely with a variety of teams including Treasury, Corporate Development, Corporate Finance, Legal, Investments, Actuarial, Risk and Reinsurance

What do you bring to this role?

• Completed university degree, preferably in Accounting, Business Administration or Finance
• CPA or CFA designation (completed or nearing qualification) strongly preferred
•  3-6 years of finance experience in any of the following areas: capital management, financial statement analysis, corporate development, budgeting/forecasting, financial reporting, public accounting, or similar
• Demonstrated proficiency with Excel and strong financial modeling skills (ideally practical experience)
• Ability to analyze and understand the implications of business activities on the financial statements; experience with IFRS and public company reporting is an asset
• Excellent attention to detail and proficient analytical skills
• Ability to produce clear reports and presentations, including strong working knowledge of PowerPoint
• Strong written and verbal communication skills and ability to interact with all levels of the organization, including C-level executives
• Ability to work effectively in a team and independently with minimal supervision
• Self-starter who can identify opportunities for improvement and execute on them
• Prior experience in financial services industries in general, and insurance specifically, would be an asset but is not required

Salary range: $66,300 - $122,100

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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