Working hours: 37.5 hours per week, Monday to Friday

Duration: Permanent

Location: Toronto

About the role

Ecclesiastical Insurance Canada, who are proudly part of Benefact Group, are looking for a Financial Accountant to join our Toronto office.

Reporting to the CFO, the Financial Accountant supports the finance team by ensuring accurate financial reporting, preparing journal entries, and reconciling all GL accounts. This role is responsible for general accounting, reinsurance accounting, billing and collections from reinsurers, tracking financial close calendars, leading the planning and budgeting process, and supporting both internal and external audits. Additionally, the Financial Accountant plays a key role in assisting with management, regulatory, and Head Office reporting.

Joining our rapidly expanding and innovative Group presents a fantastic opportunity to develop your career and become an integral part of an inclusive, purpose-led organization. 

Key responsibilities

General Accounting and Financial Reporting

• Prepare monthly income statement, expense exhibits, and variance analysis reports.
• Prepare quarterly and annual OSFI P&C-2 returns, including supporting schedules and management reports.
• Prepare reports for Canadian Board meetings and Head Office.
• Track financial close calendars to ensure timely completion of reporting requirements.
• Ensure all policy and claims transactions are processed in the system and manually enter any necessary adjustments.
• Perform account reconciliations to ensure accuracy and resolve discrepancies.
• Provide external auditors with the information required for the interim and year-end audits.
• Ensure adherence to IFRS17 accounting policies.
• Assist in maintaining the general ledger and ensuring compliance with accounting policies.

Reinsurance Accounting

• Process reinsurance entries, including billing, collections, and reconciliations.
• Prepare reinsurance recoverable aging reports.
• Complete reinsurance exhibits for reinsurance brokers and Head Office.
• Maintain reinsurance contracts repository.

Investment accounting

• Process monthly investment journal entries and prepare investment schedules and analysis reports.
• Monitor compliance of the investment portfolio with risk appetite statements.

Planning

• Lead the preparation of the annual budget and financial forecasts.
• Prepare all planning-related reports and schedules for local management and Head Office.
• Assist in variance analysis and cost control measures.

Other Tasks

• Identify opportunities for process enhancements, implement internal controls, and leverage technology to optimize financial operations and efficiency.
• Ensure the timely and efficient completion of miscellaneous projects assigned by the CFO or other designated individuals.
• Support other finance teams as needed.

Knowledge, skills and experience

• Bachelor’s degree in accounting, finance, or a related field.

• CPA designation (or working towards completion) preferred.

• 2 years of experience in general accounting and financial reporting.

• Proficiency in financial systems and advanced Excel skills for financial analysis and modeling.

• Strong ability to manage deadlines and work effectively in a team environment.

• Excellent oral and written communication skills.

• Proficient interpersonal and relationship-building skills.

What we offer

• A market competitive salary - let's discuss it
• Flexible working program
• Annual home and roam allowance to support commuting costs and home office supplies
• Defined contribution pension plan - up to 8% with no employee matching required and voluntary RRSP and TFSA programs
  
• Generous annual bonus program for all permanent full-time staff
• Minimum of 3 weeks vacation plus paid wellness, personal, volunteer and sick days
• Comprehensive employee group benefits, including health and dental coverage, income protection plans, life insurance, ADD insurance and an annual Health Care Spending Account
• Up to $200 for an annual personal grant to a charity of your choice
• Family and Employee Assistance Program, a discount and perks program as well as an annual fitness reimbursement
• Family friendly benefits including maternity/parental top-up payments
• Support towards professional designations
• Personal development subsidy covering courses of personal interests or hobbies
• Wellness perks such as daily fresh fruit, snacks and ice-cream days in the summer
• Engagement activities including regular lunch and learns, after-work get togethers and Lunch with Leaders program to name a few.

About us

Ecclesiastical Insurance is a unique specialist insurance company that is deeply committed to protecting the needs of organizations that enrich the lives of others and to supporting initiatives that help improve the lives of those in need. 

We insure some of Canada’s most historic and culturally significant places, as well as the arts, retirement living, education, charities, and faith organizations.

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and are currently the UK’s 3rd largest corporate donor, having given away £200 million since 2016. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.

We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.

At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.

If you need any additional support during the recruitment process, then please let us know.