Vice President, Chief Financial Officer - Toronto, Canada - SCOR

SCOR

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Detailed Function/Job summary

Key duties and responsibilities

Oversight of all financial matters including regulatory and statutory financial filings, capital management, treasury, investments, tax, retrocession, and other associated accounting and finance activities
Serve as the primary point of contact for all finance stakeholders, ensuring clear, timely, and effective communication of business objectives, initiatives, and updates
Actively manage capital requirements of the companies, including the monitoring of MCT/BAAT/LICAT ratios. Coordinate with business partners and risk management, to define longterm capital strategy and optimization of capital and adherence to statutory requirements
Analyze financial results including the production and maintenance of detailed reports on financial results (both from a technical and financial reporting standpoint)
Quarterly reporting to the Board of Directors and subcommittees on finance and accounting including investments, compliance, and operational matters.
In the context of the recent transition to IFRS 17, lead the design and implementation of a robust internal control framework, including policies, procedures, and monitoring mechanisms.
Manage quarterly clearance with the Group teams for quarterly and annual consolidation
Manage special projects and handson ad hoc requests outside the daytoday operations.
Support business in developing business cases and be a key contributor to venture projects, acquisitions, deals and other underwriting initiatives.
Implement all recommendations made by external and internal audits
Create policies and procedures as necessary
Create / implement solutions to address regulatory guidelines
Optimize and develop efficient accounting processes and systems
Proactive management of relationships with auditors; bankers; rating agencies; regulators and the Paris colleagues
Lead, mentor and manage staff members

Requirements in experience, competency, education and qualifications

A minimum of 12 years of accounting / finance experience, at least ten years of experience within the insurance/ reinsurance industry required and a minimum of 6 years in public accounting required (big 4 preferred)
Work experience in regulated industry (OSFI / AMF / FSCO) with knowledge of compliance functions
A strong working knowledge of IFRS 9/1
Created a strong internal control environment
Managed key projects
Track record of success in leading a finance function
Strong ethical standards and high levels of integrity
Experienced senior leader
Experience managing staff members and leading multidisciplinary teams
Strong interpersonal skills (verbal and written communications) dealing with senior management / clients / regulators / industry peers

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments.

Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy.

This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group.

We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.