Finance Manager - P&C Reinsurance Reporting

About The Role

The Finance Manager – P&C Reinsurance Reporting is responsible for managing all internal and external/regulatory reporting, compliance, governance and analysis for Swiss Re's P&C Reinsurance entity in Canada (Swiss Reinsurance Company Ltd, Canadian P&C Branch, or the "Branch").  The role involves collaborating with various managers across other functional units, both in Canada and internationally, to present and explain complex financial reporting and transactional issues regarding the Branch to senior management.

The individual will also have responsibility for both recurring and ad hoc capital management requirements, as well as actively onboarding new transactions and unique business.  In addition, the successful candidate is expected to play a key role in implementing a future-ready set of processes and tools including AI.

The Finance Manager – P&C Reinsurance Reporting currently has 1 direct report in Canada and 2 individuals based in Bangalore.

Responsibilities

Internal and External/Regulatory Reporting

• Production and analysis of high quality, well-explained quarterly financial results for the Branch across all bases of reporting – Canadian Statutory/IFRS for both Local and Group reporting, as well as Swiss Statutory.
• Principal contact for local business leads in Products, Claims and Technical Accounting teams; also for Finance colleagues in the Zurich Head Office and with the Intra-Group Reinsurance counterparties.
• Sound understanding of the key business drivers of both the inbound business and the ceded business is necessary.
• Preparation and coordination of responses to the Company's external auditors (KPMG) with respect to quarterly and annual inquiries related to the financial results and other filings of the Branch.
• Point of contact for external regulators (OSFI); significant involvement in various regulatory matters for existing and new regulations.
• Responsible for the review, development and implementation of process improvements relating to accounting/capital procedures and controls for new accounting pronouncements and new transactions.
• Review of account reconciliations and analysis of accounts prepared by senior and staff accountants to ensure that such reconciliations and analysis are complete, accurate and well document.  Direct and oversee senior and staff accountants as necessary.
• Ad hoc support as needed by the business or other functional teams.

Capital Management

• Production and analysis of accurate and well-explained capital returns and drivers of capital movements, for both regulatory and internal reporting.
• Production of capital plan and projections for the Branch, liaising closely with business partners, finance and actuarial colleagues.
• Ad hoc capital reporting, e.g., projection of expected capital ratios in the event of a significant loss, potential reinsurance transactions, or changes/developments in strategy.

New Business Opportunities and Projects

• Successful onboarding of new business opportunities, including unique structured transactions; taking the lead on producing high quality accounting and capital memoranda, and working with Actuarial, Treasury and Group Accounting colleagues.
• Significant involvement with any new project impacting the Canada P&C Reinsurance operations, including new/amended IFRS standards , as well as changes to regulations and capital frameworks.

About the Team

The Finance Reinsurance team, within the broader Canadian Finance team, is responsible for the accounting and reporting of Property and Casualty (P&C) reinsurance technical balances—such as premiums, claims, commissions, and reserves—as well as intra-group reinsurance ("IGR") and non-technical balances like cash investments and general expenses for the Branch. 

This team collaborates with various business partners to support relevant transactions. As a member of this diverse and inclusive team of finance professionals, who have a wide range of backgrounds and industry experience, you will work collaboratively while also having the autonomy to make decisions independently and promptly, fully accountable for your actions.

About You

Educational background

• Bachelors' degree in Finance, Business, Accounting or other related field.

Professional experience

• Minimum of 7 years of accounting experience.  An accounting designation (CPA, or equivalent) would be preferred
• Minimum of 5 years of insurance industry experience in either the Property & Casualty or Life & Health insurance sectors
• Strong communication skills, both written and verbal
• Business sense and service mindset with a focus on execution, "can do" solution mentality

Leadership and other skills

• Demonstrates strong stakeholder engagement and people leadership, effectively managing local teams while collaborating seamlessly within the Finance organization of a multinational group.
• Works confidently across functions, partnering with Actuarial, Claims, Technical Accounting, and other business teams to achieve shared objectives.
• Shows a proactive interest in innovation, assessing and adopting new tools, approaches, and processes to enhance efficiency and effectiveness.
• Brings exceptional analytical and problem-solving skills, combining strong quantitative and business analysis capabilities with mature judgment to make sound decisions and take decisive action when required.
• Thrives as a collaborative team player, building strong relationships and working effectively with teams across multiple offices and organizational boundaries.
• Understands complex business issues and strategies, applying insights to support organizational goals and decision-making.
• Exhibits professionalism and credibility under pressure, maintaining composure and delivering results in environments with shifting priorities, tasks, and deadlines.

The base salary hiring range for this existing position located in Toronto is CAD $132,000 to $165,000. The specific base salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.  At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

Please note that an artificial intelligence (AI) tool may be used in the screening and assessment of applicants for this position.