Manager, Business Reporting and Analysis - Mississauga, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Mississauga, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title
Manager, Business Reporting and Analysis

Prepare monthly financial advisory and performance management packages for the Canadian Insurance team that focus on business drivers while highlighting opportunities and risks to business objectives.
Coordinate financial information for executive presentations.
Fulfill the needs of senior management for a variety of periodic and adhoc reports relating to actual, forecast and plan, including strategic initiatives.
Work with other members of the Canadian Insurance Finance team to streamline and improve the timeliness and accuracy of financial reporting processes, including use of new technology.
Work closely with business partners to proactively develop and consistently improve upon the information needed to support the management of the RBC Canadian Insurance business.
Design, develop and implement complex product profitability metric reporting to track and analyze product performance. Provide early warnings to the senior management team to positive or negative trends that may become more serious business issues if not addressed.
Ensure the consistency of product profitability and drivers for reporting, forecasting and planning for the Canadian Insurance businesses providing proactive, valueadded advice and guidance to the finance teams.

Must Have

Postsecondary education and completion of a recognized Canadian professional accounting designation (CA, CGA, CMA) or equivalent experience.
Requires a minimum of 3 years of insurance industry experience in a progressively senior finance role.
Solid experience across financial analytic systems.
Must possess strong analytical skills and solid understanding of Insurance products.
Moderate understandings of how actuarial liabilities are developed.
Excellent oral and written communication skills.
Strong competencies in teamwork and cooperation.
Excellent interpersonal and organizational skills.

Authorities, Impact, Risk

Key position to recommend accounting and reporting policy related to new or enhanced financial systems or product implementations. Impact and risk related to having the correct metrics in place for the senior management team to identify and be proactive to trends in the business.
Scope of the function is broad; encompassing the support of financial implications across all business departments within Canadian Insurance. Impact and risk related to identifying potential risks to financial plans or business process requirements that may jeopardize the company's financial health.
Key finance contact for explaining management results and development of plans & forecasts for the Canadian Insurance businesses.
Key finance advisory contact for explaining management results and development of plans and forecasts for the business totaling;
Insurance revenues of $4.7 billion, Insurance NIE of $532 million & Insurance NIAT of $365 million (*Based on 2023 Plan)

Key Relationships

Key relationship contact for product forecasting and product profitability with manager and director levels within pricing actuarial and corporate valuation.
Work closely with finance peers within statutory reporting, regulatory reporting, investment, distribution, budgeting and treasury to ensure consistency and best practices across entities.
To enhance planning, forecasting and business analysis, relationships include senior management and management levels within corporate investments, claims, reinsurance, new business, underwriting, agency and policy administration.

Working Conditions (Legislative Requirement)**Work environment is deadline oriented geared towards key monthly and quarterly reporting and presentation dates. Deliverables are provided or used by the senior executive of RBC Insurance, hence attention to detail is very important. At times leads to a fast-paced, high-stress environment with extensive overtime requirements.

Time Allocation

40% Monitoring, reporting on financial results and analysis of key business metrics
35%Forecasting and planning development
15%Division initiatives and projects
10%Advise and support on business

Job Summary

Development and reporting of complex financial planning (shortterm and longterm), forecast & sensitivity models for Canadian Insurance businesses.
Provide financial reporting to Canadian Insurance businesses while proactively identifying key performance drivers and business trends through management reports and presen