Financial Accountant
We currently have an opening for Financial Accountant in our Head Office located in Edmonton. This is responsible for the full-cycle accounting for a P&C insurance company and ensuring the financial statements accurately records the performance of branches and the parent company. More specifically, the responsibilities would include the following:
Primary Duties and Responsibilities
Accounting and Analysis:
- Prepare, examine, and analyze production reports and translate them into journal entries and assess accuracy, completeness, and conformance to reporting and procedural standards
- Assist in month-end closing including responsible for appropriately recording accruals and adjusting previous accruals if actual payments have been processed
- Ensure account reconciliations and/or working papers are complete and appropriate follow-up on discrepancies and variances discovered on balance sheet and income statements
- Month-end process is accurately completed by specified deadlines
- Maintain the chart of accounts and provide feedback on the need for new accounts (or attributes) and the removal of dormant or non-value accounts (or attributes)
- Provide value-added analysis in the assigned area of responsibility to assist managers and staff in operational decisions
- Participate in interim and year-end audits and implement internal audit improvements
- Complete bank reconciliations on several bank accounts
- Conduct special projects to provide advice and recommendations required by management
- Perform other duties as required including backing-up other personnel in the department
Reporting:
- Work as part of a larger team to provide monthly financial statements and related analyses for management within tight reporting deadlines
- Responsible for accurately completing statutory filing well-ahead of reporting timeframes
- Assist in other reporting to authorized third-parties such as external auditors, IBC, CRA and credit agencies
- Assist in the coordination of the annual reinsurance renewal and data for the external independent actuary
- Prepare the cash forecast report at regular intervals
- Assist in the analysis and implementation of new accounting standards, specifically IFRS 17 – Insurance Contracts
Required Qualifications & Skills
- Professional designation required (CPA)
- 2 or more years of progressively responsible experience in full-cycle accounting, including and experience with budgeting, analysis, forecasting, financial operations, accounts payable, accounts receivable, reporting and analysis, auditing
- Strong working knowledge of IFRS, including the ability to analyze and interpret accounting standards
- Previous experience in insurance or other financial services is considered an asset
- Strong problem solving skills, accounting principles knowledge, documentation skills, research and resolution skills, data analysis and multi-tasking skills
- Strong time management and organizational skills
- Strong self-initiator with an ‘ownership’ attitude
- Positive attitude and excellent ability to work independently and within a team in dynamic environment, handling multiple tasks concurrently
- Able to process vast amounts of data efficiently and provide meaningful interpretations of data outputs
- Ability to understand and analyze financial information; determine and mitigate risk
- Verbal and written communication skills, with the ability to draft reports and memos that will be presented to the management team
Working at Peace Hills
Peace Hills understands that by reducing work-life struggles, individuals can enjoy a healthier lifestyle while improving productivity at work.
If you are interested in this great opportunity, submit your resume stating which position you are applying for to Peace Hills Insurance at hr@phgic.com.
We thank all applicants for their interest, however only those candidates shortlisted will be contacted.