Vice President

Title:

Vice President, Chief Financial Officer - Canada

Company:

Everest Insurance Company Of Canada

Job Category:

Finance

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

Job Summary:

Everest Insurance Company of Canada, a member of Everest Re Group, Ltd., is seeking a Vice President, Chief Financial Officer for their Toronto office. The CFO for Everest Insurance Company of Canada will report into the CFO of North America, Insurance and secondary dotted line to the CEO of Everest Insurance Company of Canada. This position will be responsible for strategic planning and leadership, setting a long-term financial strategy and the overall health of the organization in close partnership with the CFO and CEO. This individual will work to ensure adherence to key risk management practices and procedures while overseeing functions such, technical accounting and controllership, broker receivables, reinsurance accounting, compliance and strategic planning. You will also play a key role in any strategic projects impacting the finance team.

Responsibilities include but are not limited to:

Strategic Planning

• Develop and implement financial strategies to support the organizations long-term goals

Accounting and Finance

• Oversee the finance function including technical accounting and controllership, broker receivables, reinsurance accounting, compliance and strategic planning.

• Oversee the timely monthly and quarterly closing processes, ensuring adherence to both internal (local and corporate) and external deliverables.

• Oversee and manage all accounting, auditing and finance related compliance functions related to the insurance company.

• Overseeing day to day accounting for insurance operations, including timely settlement of broker receivables and claims payments/funding arrangements.

• Actively monitor and control all ledger reconciliations and trial balance sign off.

• Maintain and recommend improvements to key operational processes (minimize process risk).

• Key point of contact for internal and external audit engagements.

• Lead the annual planning /budgeting process for underwriting results

• Effective in managing internal relationships across all departments and throughout Everest Group of companies.

Corporate Governance

• Communicate and engage with the BOD

• Ensure we are compliant with financial regulations and local laws and regulations

People Leadership

• Set strategy and goals for local finance team

• Supervise, manage and mentor the finance team, fostering a culture of collaboration, innovation and excellence.

• Lead by example; embrace Everest colleague behaviors

• Attract, select and develop talent

Financial Reporting

• Coordinate consistent and timely quarterly and annual regulatory financial statements and returns.

• Monitor financial performance and prepare quarterly reports for senior management and board of directors.

• Work closely with management to ensure compliance and the timely reporting of all reinsurance arrangements (including billings and establishing appropriate collateral where required).

• Oversee monthly and quarterly premium analytics with management team.

• Coordinate all regulatory tax income tax and premium filings.

Risk Management

• Identify and manage financial risks, including market, credit and operational risks.

Capital Management

• Make decisions regarding investment funding and capital structure

Work Experience and Qualifications:

• Minimum 15 years of working experience in the insurance industry.

• Strong understanding of OSFI framework and financial regulatory requirements.

• Executive leadership experience and proven ability to lead, develop and inspire.

• Detailed oriented and highly organized.

• Skilled in time management and the ability to prioritize tasks.

• Experience with Oracle General Ledger not required but a strong plus.

• Strong financial acumen with ability to communicate and express ideas clearly and concisely with Senior Executives, Regulators and Auditors.

• Strong analytical and problem-solving skills.

• Strong communication and interpersonal skills.

• Qualified accountant (CA, CPA, ACCA or equivalent)

• University degree or equivalent

Cultural Fit and Impact on Organization

• Unquestionable ethics, integrity and business acumen

• Collaborative and team oriented

• Strong executive presence and team leadership skills

• Adjusts quickly to changing priorities and conditions, and copes with ambiguity, complexity and change

• Sense of ownership, entrepreneurial and hands-on problem solver

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.  

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

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Type:

Regular

Time Type:

Full time

Primary Location:

Toronto - Insurance Canada

Additional Locations: