Senior Financial Reporting Manager

Senior Financial Reporting Manager

Reporting to the Controller, the Senior Financial Reporting Manager is responsible for end-to-end financial reporting, month end close coordination, multi entity consolidation, IFRS-compliant financial statements, and management reporting.

What will you do?

Financial Reporting & Month-End Close

• Lead and coordinate the monthly, quarterly, and annual close processes for all affiliated companies.
• Review working papers, reconciliations, journal entries, consolidation and reporting schedules.
• Ensure accuracy, completeness, and timeliness of financial results across all legal entities.
• Prepare IFRS-compliant financial statements, statutory filings, and Board level reporting packages.
• Maintain close calendars, templates, and standardized reporting processes.

IFRS Technical Integration

• Ensure proper application of IFRS standards.
• Translate actuarial and IFRS 17 outputs (CSM, risk adjustment, actuarial valuations) into financial reporting.
• Validate alignment between actuarial data, subledger outputs, and general ledger balances.
• Prepare reporting inputs for IFRS disclosures and support Group reporting and audit requirements.

Management Reporting & Performance Insights

• Prepare monthly management reporting dashboards including commentary focused on financial statement results.
• Provide financial variance commentary related to accounting movements (e.g. timing differences, accruals, reclassifications).
• Ensure consistency, completeness, and accuracy of results across entity-level and consolidated reporting views.

Multi Entity Consolidations & Group Reporting

• Prepare consolidation entries, intercompany eliminations, and multi-entity reconciliations.
• Support group reporting requirements under IFRS and German GAAP (HGB) frameworks.
• Ensure consistency in reporting across entities, products, and accounting frameworks.
• Serve as the primary point of contact for Group Accounting at the parent company.

Audit, Compliance & Internal Countrols

• Prepare audit working papers, documentation, supporting analyses, and responses to audit queries.
• Ensure compliance with internal controls and strengthen financial governance processes.
• Serve as a key point of contact for internal and external auditors on reporting matters.

Cross Functional Coordination

• Collaborate with actuarial, underwriting, claims, operations, and IT to ensure accurate, complete, and business-aligned financial reporting.
• Resolve discrepancies in operational and financial information.
• Support cross-functional initiatives impacting data flows and reporting accuracy.

Process Improvement & Automation

• Identify opportunities to streamline and automate reporting processes and templates.
• Support system enhancements and data quality initiatives tied to reporting, including alignment across IFRS, HGB, and Canadian GAAP requirements.

About You:

• CPA (or equivalent international accounting) designation required.
• +7 years of experience in financial reporting in insurance-related finance roles.
• Experience with IFRS 17 implementation and ongoing application required.
• Deep expertise in IFRS standards, especially in IFRS 17 and IFRS 9.
• Experience in multi-entity consolidation with German GAAP (HGB) is considered a strong asset.
• Advanced proficiency in Excel and experience with BI tools is required.
• Proficiency in SAP is considered a strong asset.
• Aptitude for figures, strong analytical and investigative skills.
• Ability to thrive under pressure and adhere to challenging deadlines.
• Excellent communication and organizational skills with internal stakeholders, clients and management.
• Attention to detail and accuracy, a high degree of conscientiousness.

We Offer:

• Competitive Base Salary including annual bonus plan
• Generous Employer Paid Benefits Plan, including RSP matching & Fitness Credit
• Location is a combination of remote work from home and from our head office in the heart of Toronto’s Financial District

For more information about ARAG Canada please visit: www.arag.ca/en/

We are an Equal Opportunity Employer

ARAG Legal Solutions Inc., are proud to be an equal opportunity workplace and employer.  We are committed to equal employment opportunity regardless of citizenship, race, place of origin, ethnic origin, colour, ancestry, disability, age, creed, sex/pregnancy, family status, marital status, sexual orientation, gender identity, gender expression, receipt of public assistance (in housing) and record of offences (in employment).  

ARAG Legal Solutions Inc., is committed to providing employment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). Any assessments and selection materials or processes used during the recruitment process will be available in an accessible format to applicants with disabilities, upon request. If contacted for an interview, please advise the Human Resources Generalist if you require disability-related accommodation.