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Director Finance, Assistant Controller

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Chubb

12d ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Markham

AI generated summary

  • You need strong leadership skills, a commerce degree, CPA, 7 years' experience, insurance knowledge, IFRS and US GAAP understanding, adaptability, and excellent communication skills.
  • You will coach staff, oversee financial processes, manage audits, lead bonus analysis, ensure payroll completion, maintain ledger integrity, and coordinate finance transformation projects.

Requirements

  • Proven people leadership skills; including the ability to coach and develop top talent
  • Bachelor degree in Commerce/business and a graduate Chartered Professional Accountant (CPA) and up to 7 years post qualification experience
  • Insurance industry knowledge
  • Understanding of IFRS (especially IFRS 17 Insurance Accounting Standard) and US GAAP financial standard
  • Versatile and flexible, and a willingness to work within a fast-paced and changing environment.
  • Excellent written and verbal communication skills

Responsibilities

  • Coaching and Mentoring
  • Trains, coaches, motivates staffs and managers to perform work at the highest quality standard possible to achieve stated company objectives.
  • Controllership and Monitoring of Financial Processes
  • Performs Assistant Controller duties, and leading the day-to-day activities in the areas of Treasury, Cash Management, Outsourced Vendor Management and Compensation Management
  • Reviews monthly, quarterly and annual financial statements and reports on a US Statutory Basis, US GAAP Basis and IFRS Basis. Participates in high quality annual audit by independent external auditors to verify accuracy and completeness of financial information and reports.
  • Draft accounting policy papers. Analyze, recommend, and educate key stakeholders on insight and analysis of any IFRS accounting impacts to the organization
  • Projects and Control Over Financial (CBA)
  • Finance related project lead and improve process efficiencies (outsourcing, electronic filings, automating manual tasks, etc.)
  • Business partnering with cross functional team as finance SME’s to provide sound business advice.
  • Prepares the cost benefit analysis on new projects and present to the business leaders.
  • Sales Bonus and Employee Payroll
  • Lead Bonus team to ensure smooth and successful analysis / review of all existing and new Bonus requirements resulting in timely and accurate payments to Sales Agents and leadership
  • Enhance analysis and modeling on Agent Compensation. Utilize business intelligence tool to analyze business results and provide insightful information; Partner and participate in streamline processing as well as new data sourcing of Partnerships / Balanced scorecard programs into PBI where applicable
  • Oversee the Employee Payroll area. Ensure successful completion of all Year-End / Regulatory filing and smooth payroll administration.
  • Control and Balance Sheet Management
  • Maintains the integrity of the general ledger on the Peoplesoft and financial systems through segregation of duties, review and approval of account reconciliations. Recommends/suggests areas for improvement and implementation.
  • Document the accounting process flow with narratives and flowcharts. Review and update annually.
  • Leads local coordinator and subject matter expert on annual CICA Canada’s compliance with US Model Audit Rules legislation requirements on key financial controls. Provides advice, training and guidance to the independent testers and reviews the audit work.
  • Finance Transformation Project
  • Coordinate with PMO, Actuarial, IT team, act as the Finance leader in various finance transformation project to ensure proper finance support
  • Update project budget schedule, trackers and decks. Identify and communicate to management and committees challenges to completing critical path
  • Control and Balance Sheet Management
  • Maintains the integrity of the general ledger on the Peoplesoft and financial systems through segregation of duties, review and approval of account reconciliations. Recommends/suggests areas for improvement and implementation.
  • Document the accounting process flow with narratives and flowcharts. Review and update annually.
  • Leads local coordinator and subject matter expert on annual CICA Canada’s compliance with US Model Audit Rules legislation requirements on key financial controls. Provides advice, training and guidance to the independent testers and reviews the audit work.

FAQs

What is the primary role of the Director Finance, Assistant Controller?

The primary role includes coaching and mentoring staff, performing Assistant Controller duties, managing financial processes, leading finance-related projects, overseeing sales bonuses and payroll, and ensuring control and balance sheet management.

What qualifications are required for this position?

A Bachelor's degree in Commerce or Business, a graduate Chartered Professional Accountant (CPA), and up to 7 years of post-qualification experience are required.

Is experience in the insurance industry important for this role?

Yes, knowledge of the insurance industry is a key requirement.

What financial standards should candidates be familiar with?

Candidates should have an understanding of IFRS, particularly the IFRS 17 Insurance Accounting Standard, as well as US GAAP financial standards.

What kind of skills are essential for this position?

Proven people leadership skills, excellent written and verbal communication skills, and a versatile and flexible approach to working in a fast-paced environment are essential.

Will there be opportunities for professional development within this role?

Yes, the role involves training, coaching, and motivating staff, providing opportunities for professional development.

What are some key responsibilities related to financial processes in this role?

Key responsibilities include reviewing financial statements, drafting accounting policy papers, performing cost-benefit analyses, and ensuring compliance with audit requirements.

Is there a focus on process improvements in this position?

Yes, the role includes leading finance-related projects aimed at improving process efficiencies and automating manual tasks.

How does this role contribute to payroll management?

The Director Finance, Assistant Controller will oversee the employee payroll area, ensuring timely completion of all year-end regulatory filings and efficient payroll administration.

Will I work closely with cross-functional teams in this position?

Yes, the role involves business partnering with cross-functional teams as a finance subject matter expert to provide sound business advice.

Chubb

The world's largest publicly traded property and casualty insurance company

Finance
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.