Manager, Investment Accounting - Markham, Canada - Allstate Canada

Description

Who is Allstate:

Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You're in Good Hands" promise.

Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Role Designation: Hybrid

Benefits to joining Allstate:

· Flexible Work Arrangements

· Employee discounts (15% on auto and property insurance, plus many other products and services)

· Good Office program (receive up to 400$ back after purchasing office equipment)

· Student Loan Payment Matching Program for Government Student loans

· Comprehensive Retirement Savings Program with employer matched contributions

· Annual Wellness allowance to support employees with improving health and wellbeing.

· Personal reflection day

· Tuition Reimbursement

· Working within the community and giving back

Our team is growing and we are actively looking to hire a Manager, Investment Accounting who will be accountable for developing, implementing, and managing the Investment functions to support the achievement of ACG's short and long term Mission, Vision, and Strategic objectives. The Manager, Investments is additionally accountable for:

• Overseeing the accounting infrastructure, processes, and investment reporting/investments.
• Ensuring accurate monthly, quarterly and annual pension statements, investment reports, as well as regulatory filings are completed in a timely manner.
• Providing pertinent information to Senior Management and the Leadership Team to make informed and relevant business decisions.
• Applying expertise as a key contributor to cross-functional projects as well as a valuable resource to other business partners.

The Manager, Investments Accounting selects, provides operational leadership, directs, develops, and manages a capable team and ensures their cooperation to successfully meet ACG financial/regulatory reporting and investment requirements.

Accountabilities:

• Provide input and direction to the Finance team strategic and tactical plans
• Ensure understanding of ACG, Finance, and Investments' business plans and direction
• Contribute relevant information from an Investments' perspective to cross-functional strategic discussions
• Manage, Lead, and Develop the Investment Team
• Provide support and direction to the team and manage the timeliness, integrity and accuracy of the month-end close process including the reviewing of journal entries, account reconciliations, trending, analysis and pension statements for various legal entities within ACG
• Review the month-end/quarter-end/year-end financial reporting packages, Minimum Capital Threshold (MCT) calculations, investment reports, and other deliverables, summarizing results for the Leadership Team.
• Lead meetings with Senior Management and other areas to present results, implications, and any issues for the various entities, including:
• Actively participate in the Pension Admin Committee – works with various partners on pension related matters
• Participate in the Investment Committee of the Board of Directors
• Prepare the investment expense and income plan, tracks results, and explains variances
• Responsible for the preparation, review, and the timely filing of accurate pension statements with note disclosures and other regulatory filings, working as a resource to business partners
• Collaborate with cross-functional teams for the year-end reporting schedule, factoring in the deadlines/timelines for the cross functional areas as well as the external auditors
• Develop appropriate financial statement note disclosure for pension and corporate investment notes, collaborating with various areas across the organization to gather pertinent information
• Review and analyze the monthly investment compliance report information, ensuring the report is accurate and provided to the CFO in a timely manner
• Actively participate in monthly compliance meetings with the Financial Controller, the CFO, and the Investment Advisor from head office, raising issues of concern and develop recommendations that help maximize investment returns and minimize expense
• Collaborate with others to monitor and research new/amended International Financial Reporting Standard (IFRS) requirements to advise on new accounting treatments and to ensure compliance with IFRS and reviews reconciliations of US Generally Accepted Accounting Principles (GAAP) differences
• Recommend and implement improvements to processes and controls
• Apply expertise as a key contributor to cross-functional projects as well as a valuable resource to other business partners
• Work with business partners (internal and external) to effectively communicate information for the audits, regular reporting requirements, and various cross-functional projects
• Appointed as a main point of contact for the external audits, acting as a liaison between the auditors and business partners
• Take the lead on functional and cross-functional teams/ projects
• Act as an advisory role from an investments and operations perspective.
• Significant contributor to ongoing projects involving cross-functional areas, auditors, external vendors, asset managers, as well as Northbrook Head Office.
• Financial Controls
• Ensure effective and meaningful controls are in place, protecting the integrity of the financial information being reported
• Responsible for implementing, assessing, reviewing, and adhering to Sarbanes Oxley (SOX) controls

Qualifications:

• Professional accounting designation (i.e. CPA) is required
• University degree majoring in accounting/business
• 5+ years of relevant financial reporting/investment accounting experience (preferably within the financial services or insurance industry)
• 1 - 2 years' experience at a supervisory/management level
• Advanced accounting knowledge of both IFRS and US GAAP
• Strong investment knowledge
• Exceptional leadership and problem solving skills
• Strong organizational and time management skills
• Outstanding written and verbal communication skills
• Ability to effectively manage key business relationships both internally and externally
• Advanced analytical skills with an ability to focus on the details
• Knowledge of pertinent insurance regulations
• Strong project management skills
• Excellent research skills and attention to detail
• Proficient in Microsoft Office with an emphasis on strong Excel, Word and PowerPoint skills
• Experience with System Application (SAP), or similar accounting software

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation please let us know and we will work with you to meet your needs.