Divisional AVP, Finance
17 Edith Dr, Toronto, ON M4R 1Y9, Canada
The Berkshire Hathaway brand is synonymous with trust, integrity, prudent risk taking and doing business the right way. Like all great brands, ours continues to be forged based on the actions of our people – every one of us – who live it day to day and over time. Our financial strength enables us to provide consistent capacity and innovative, tailored solutions. It enables us to underwrite large, complex risks long term – and gives our customers the utmost confidence in the way we do business.
Berkshire Hathaway Group, Reinsurance Division (“BHG Re”) is based in Toronto but operates globally. We are looking for a proactive, confident, self-motivated, and experienced individual to fill the position of Divisional AVP, Finance in our Toronto office. We welcome applications from qualified individuals from all backgrounds. The Divisional Assistant Vice President, Finance will be an experienced accounting professional with knowledge of the Canadian and/or U.S. life (re)insurance market.
This position requires an experienced, qualified individual with a high energy level, excellent communication skills and good business sense. Experience within the life reinsurance industry is required. This position will report to the Divisional Chief Financial Officer. Key Responsibilities: These responsibilities are not all-inclusive, nor do they cover the full extent of the duties performed. · Responsible for accounting, financial and regulatory reporting to senior management (preparation and review of financial statements in accordance with US GAAP (LDTI) and IFRS (including IFRS 17), Solvency II reporting, NAIC reporting and OSFI reporting for the different businesses within the Life Division); · Provide leadership and direct the financial reporting, accounting and analysis.
Provide ongoing leadership, coaching, training, and development of the staff within the Finance area; · Strengthen financial and organizational processes and controls through partnership and proactive interactions with other functional areas including Valuation, Risk Management and Capital, Administration and Claims; · Oversee treasury, investments, cash management and forecasts; · Responsible for expense management, which includes but is not limited to, expense allocation, accounts payable, budget process and cheque disbursements; · Provide accounting expertise. Stay abreast of accounting pronouncements and lead the implementation of new accounting standards; · Develop and maintain sound financial/accounting policies, procedures and systems; · Integrate new deals/purchases into group reporting and determine appropriate accounting treatment for new deals; · Oversee and review filing of corporate and indirect tax returns and tax reporting. Stay abreast of changes in corporate, indirect and other taxes that could affect the business and manage the associated third-party outsourcing services; · Lead finance projects and financial aspects of various initiatives; · Ensure integrity of financial statements through development, maintenance and management of effective internal controls. Oversee the management and maintenance and controls over finance system; · Proactively identify, design, recommend and implement changes to financial and accounting processes, financial & tax reporting, systems and controls to improve the quality and effectiveness of financial reporting, forecast, budget and cost management.
Professional requirements: · The successful candidate will have over 5 years of experience at a managerial level in a Life Insurance and/or Reinsurance company or over 5 years of experience managing a Life Insurance/Reinsurance account at a major accounting firm; · Accounting designation (CPA, CA) is required; · Expert knowledge of finance, financial reporting, accounting standards, budgeting and forecasting; · Excellent analytical and problem-solving skills with strong attention to detail; · Exceptional communication skills, written and verbal, with the business acumen to present concepts and ideas to a wide audience; · Excellent interpersonal skills, with the ability to work with all levels of the organization and gain credibility and trust; · Ability to motivate, engage and coach team members.
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