Senior Director, Insurance Finance Reporting & Controls
Senior Director, Insurance Finance Reporting & Controls
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1 Vacancy
Job Description
Job Summary
Job Description
What you will do
The Senior Director Insurance Finance Reporting and Controls is responsible for full cycle reporting in the insurance business including the month end close processes regulatory and statutory reporting as well as associated controls governance and process enhancements. This includes ensuring that our systems and processes are producing complete accurate and up to date results within the required timelines and that downstream reporting processes are meeting all requirements including regulatory and board-related requirements. The Senior Director will also ensure controls are operating effectively including key controls SOX controls and GL attestation processes. This role acts as the liaison with both internal and external audit teams. Finally the incumbent will also have oversight of the investment accounting and reporting team.
What you will do
- Lead the month end close process through both RISE (Aptitude sub-ledger) and EPM (Bank general ledger) ensuring completeness and accuracy of data as well as timeliness of reporting including meeting all deadlines.
- Coordinate the completion of journal entries and other inputs into the month end close process.
- Responsible for the review and oversight of regulatory statutory and board reporting under IFRS 17.
- Maintain a strong Control environment aligned to RBC policies - including SOX and GL Attestation processes. Ensure the complete and accurate reporting of Operation Risk Events (OREs) in Finance Self-Identified Issues SUMs and other control issues.
- Ensure the accurate reporting of investment related activities while supporting new initiatives.
- Identify issues and propose solutions to drive change with creative options aligned with business strategies and tactics.
- Influence best practices and enhance synergies and collaboration among finance teams. This includes fostering a culture of innovation constantly challenging the norm to identify opportunities for automation process improvement and enhancement of our control environment.
- Implement and sustain best practices synergies and cost savings opportunities ensuring that the Insurance platform is making use of corporate finance resourcing (i.e. Finance Shared Services) and processes.
- Drive collaboration across various teams including GRMI Head Office Finance and our business partners.
- Acts on behalf of VP and CFO Insurance as required in senior meetings and for key reporting/controls related projects
What you need to succeed
Must Have
- Professional accounting designation CPA CA and post graduate business degree
- 10 years of Financial Services related experience including 5 years of People Management experience
- Must have strong working knowledge of IFRS 17 policies and reporting processes
- Experience with legal entity reporting regulatory reporting interactions with regulators
- Advanced analytical skills
- Excellent communication skills both verbal and written with proven ability to communicate at all levels; strong interpersonal skills
- Ability to influence/impact without direct authority
- Experience with forecasting and reporting processes coordinating large initiatives working within deadlines.
- Knowledge of the insurance industry and products.
Nice to Have
- Board experience/presentations would be an asset
Job Skills
Budget Management Communication Process Management Professional Presentation Team ManagementAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best effectively collaborate drive innovation and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect belonging and opportunity for all.
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Required Experience:
Exec
Employment Type
Full-Time
