Liberty Mutual Canada – Senior Reinsurance Coordinator – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Wed, 08 Jan 2025 23:16:54 GMT

Job description: Department: Global ReinsuranceLocation: TorontoReports To: Vice President, Global ReinsuranceCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionThe Opportunity:Reporting to the Vice President of our Global Reinsurance department, the Senior Reinsurance Coordinator will be responsible for conducting analysis, overseeing billing/collections of reinsurance transactions, and assisting with ensuring reinsurance operations are reported in an accurate and timely manner.Duties and Responsibilities:

  • Ensure all treaties, quota share and XOL treaties are appropriately settled with the markets and internal reinsurance teams on a timely basis.
  • Assist with the quarterly reporting for Schedule F and other reinsurance reporting
  • Analyzes and validates reinsurance files and corresponding premium and claims payments.
  • Processes and provides accurate and timely information to internal and external stakeholders regarding Canadian reinsurance programs.
  • Maintaining the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
  • Work with claims team to compute and effectively communicate reinsurance recoveries related to losses and loss expenses.
  • Assist with implementation of SOX key controls for the Reinsurance Process and work with the Risk and Controls Team during periodic testing of key controls.
  • Liaises with key stakeholders (underwriters, brokers, claims, etc.) to proactively resolve issues and clear outstanding balances.
  • Assist with and review work produced by outsourced teams, such as EXL.
  • Reconciling broker statements with our records, distributing broker statements as required, and following up on outstanding items to resolution with brokers.
  • Actively seeks enhancements and makes recommendations for new processes to improve efficiencies or rectify inaccuracies or information gaps.
  • Organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions.
  • Perform ad-hoc tasks as requested.

Skills & Qualifications:

  • Undergraduate degree – Finance, Math, or Accounting preferred
  • Minimum of 2 years of financial industry experience preferred – ideally in insurance in the P&C area with exposure to reinsurance concepts.
  • High proficiency in the use of MS Excel, MS Access, SAP, SQL.
  • Broad knowledge of reinsurance concepts, products and processes is an asset.
  • Ability to work with large volumes of data to derive business solutions.
  • Experience working with automated accounting and reporting systems.
  • Ability to identify and solve problems based on analysis (start to finish concept).
  • Proven superior communication, presentation and customer service skills.
  • Attention to detail.
  • Strong business and interpersonal communication skills (written and oral).
  • Outstanding inter-personal and team leadership skills with emphasis on employee motivation.
  • Excellent analytical, problems solving and technical accounting skills

Liberty Mutual Canada – Senior Reinsurance Coordinator – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 00:59:17 GMT

Job description: Job Description:Department: Global ReinsuranceLocation: TorontoReports To: Vice President, Global ReinsuranceCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionThe Opportunity:Reporting to the Vice President of our Global Reinsurance department, the Senior Reinsurance Coordinator will be responsible for conducting analysis, overseeing billing/collections of reinsurance transactions, and assisting with ensuring reinsurance operations are reported in an accurate and timely manner.Duties and Responsibilities:

  • Ensure all treaties, quota share and XOL treaties are appropriately settled with the markets and internal reinsurance teams on a timely basis.
  • Assist with the quarterly reporting for Schedule F and other reinsurance reporting
  • Analyzes and validates reinsurance files and corresponding premium and claims payments.
  • Processes and provides accurate and timely information to internal and external stakeholders regarding Canadian reinsurance programs.
  • Maintaining the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
  • Work with claims team to compute and effectively communicate reinsurance recoveries related to losses and loss expenses.
  • Assist with implementation of SOX key controls for the Reinsurance Process and work with the Risk and Controls Team during periodic testing of key controls.
  • Liaises with key stakeholders (underwriters, brokers, claims, etc.) to proactively resolve issues and clear outstanding balances.
  • Assist with and review work produced by outsourced teams, such as EXL.
  • Reconciling broker statements with our records, distributing broker statements as required, and following up on outstanding items to resolution with brokers.
  • Actively seeks enhancements and makes recommendations for new processes to improve efficiencies or rectify inaccuracies or information gaps.
  • Organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions.
  • Perform ad-hoc tasks as requested.

Skills & Qualifications:

  • Undergraduate degree – Finance, Math, or Accounting preferred
  • Minimum of 2 years of financial industry experience preferred – ideally in insurance in the P&C area with exposure to reinsurance concepts.
  • High proficiency in the use of MS Excel, MS Access, SAP, SQL.
  • Broad knowledge of reinsurance concepts, products and processes is an asset.
  • Ability to work with large volumes of data to derive business solutions.
  • Experience working with automated accounting and reporting systems.
  • Ability to identify and solve problems based on analysis (start to finish concept).
  • Proven superior communication, presentation and customer service skills.
  • Attention to detail.
  • Strong business and interpersonal communication skills (written and oral).
  • Outstanding inter-personal and team leadership skills with emphasis on employee motivation.
  • Excellent analytical, problems solving and technical accounting skills

Liberty Mutual Canada – Associate Underwriter, Property & Casualty – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Wed, 15 Jan 2025 01:54:41 GMT

Job description: Job Description:Department: Underwriting, Ontario and Atlantic RegionLocation: TorontoReports To: Vice President, Ontario and Atlantic RegionCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal, and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionPosition Summary:Liberty is seeking an Associate Underwriter to join our Underwriting team in Toronto. The primary focus of this role will be underwriting, marketing, maintaining, and growing an assigned portfolio of middle market Property and Casualty business within the Ontario and Atlantic Region Underwriting team.Duties and Responsibilities:

  • Demonstrate a desire for and continuous pursuit towards ‘elite underwriting’ skills and knowledge of Liberty products, with a focus on Property and Casualty including Automobile and Umbrella/ Excess Liability lines of business.
  • Production and underwriting of an assigned book of new and renewal business; including analysis of risk, negotiation of policy terms and conditions, pursuit of rate adequacy and strong account retention, all consistent with Liberty underwriting guidelines and strategies.
  • Ensure proper exposure analysis, documentation, quality and timeliness of account summaries, file organization, adherence to Underwriter guidelines, and effective use of risk services, actuary and claims resources.
  • Maintain and expand Liberty broker relationships through regular marketing activities, active prospecting of account rounding opportunities and the development of a pipeline of new middle market clients.
  • Work closely with other Liberty business units to leverage multi-line business opportunities.
  • Demonstrate effective prioritization of workload and provide superior customer service to our brokers and clients.
  • Continuous learning and development through attendance of industry events, relevant seminars and courses, and learning from existing Liberty expertise.
  • Other duties and projects as assigned.

Skills & Qualifications:

  • University degree or equivalent post-secondary education with relevant insurance designations/ education is an asset.
  • Related work experience in the insurance industry is considered an asset.
  • Self-starter with strong analytical skills, in addition to strong business and interpersonal communication skills required.
  • Superior relationship management and negotiation skills
  • Must portray action oriented behavioral traits and is dedicated to meeting the expectations and requirements of internal and external customers.
  • Able to make sound underwriting decisions in a timely manner under tight deadlines.
  • Excellent organizational skills and pursues the business with energy, drive and an ability to meet deadlines.
  • Must be effective in a variety of formal presentations settings including one-on-one, small and large groups and can adjust communication to an audience to ensure being effective.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Associate Underwriter, Property & Casualty – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Tue, 14 Jan 2025 23:46:33 GMT

Job description: Department: Underwriting, Ontario and Atlantic RegionLocation: TorontoReports To: Vice President, Ontario and Atlantic RegionCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal, and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionPosition Summary:Liberty is seeking an Associate Underwriter to join our Underwriting team in Toronto. The primary focus of this role will be underwriting, marketing, maintaining, and growing an assigned portfolio of middle market Property and Casualty business within the Ontario and Atlantic Region Underwriting team.Duties and Responsibilities:

  • Demonstrate a desire for and continuous pursuit towards ‘elite underwriting’ skills and knowledge of Liberty products, with a focus on Property and Casualty including Automobile and Umbrella/ Excess Liability lines of business.
  • Production and underwriting of an assigned book of new and renewal business; including analysis of risk, negotiation of policy terms and conditions, pursuit of rate adequacy and strong account retention, all consistent with Liberty underwriting guidelines and strategies.
  • Ensure proper exposure analysis, documentation, quality and timeliness of account summaries, file organization, adherence to Underwriter guidelines, and effective use of risk services, actuary and claims resources.
  • Maintain and expand Liberty broker relationships through regular marketing activities, active prospecting of account rounding opportunities and the development of a pipeline of new middle market clients.
  • Work closely with other Liberty business units to leverage multi-line business opportunities.
  • Demonstrate effective prioritization of workload and provide superior customer service to our brokers and clients.
  • Continuous learning and development through attendance of industry events, relevant seminars and courses, and learning from existing Liberty expertise.
  • Other duties and projects as assigned.

Skills & Qualifications:

  • University degree or equivalent post-secondary education with relevant insurance designations/ education is an asset.
  • Related work experience in the insurance industry is considered an asset.
  • Self-starter with strong analytical skills, in addition to strong business and interpersonal communication skills required.
  • Superior relationship management and negotiation skills
  • Must portray action oriented behavioral traits and is dedicated to meeting the expectations and requirements of internal and external customers.
  • Able to make sound underwriting decisions in a timely manner under tight deadlines.
  • Excellent organizational skills and pursues the business with energy, drive and an ability to meet deadlines.
  • Must be effective in a variety of formal presentations settings including one-on-one, small and large groups and can adjust communication to an audience to ensure being effective.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Senior Underwriter or Underwriter, Construction – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Wed, 30 Oct 2024 23:16:53 GMT

Job description: Department:Construction First PartyLocation:Toronto or VancouverReports To:VP, Energy and ConstructionCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionThe Opportunity:We’re looking for a Senior Underwriter or Underwriter to join our growing team! This role will be accountable for underwriting and profitably growing our construction business in the Canadian market.. The successful incumbent will also play a role in coaching, mentoring, and training other members of the team to ensure their ongoing professional development. They will manage relationships with select broker partners and clients.Duties and Responsibilities:

  • Follow Liberty’s Guidelines for Inclusion and encourage its use at Liberty. Build personal DE&I knowledge and act as an early adopter of new DE&I skills and processes to drive positive change.
  • Underwrite and negotiate policy terms and conditions on target new first-party Construction business, providing mentorship to other underwriters as needed.
  • Expand and maintain broker/client relationships to facilitate profitable growth of Construction products through independent sales calls, attending client meetings and representing Liberty at industry events.
  • Continuously develop and expand expertise in mainly first party product lines and claims trends, providing recommendations for improvement, as appropriate.
  • Collaborate with other Liberty business units in the identification of cross-marketing opportunities.
  • Develop our position as a “go to” insurer with target brokers through service excellence and superior underwriting acumen.
  • Liaise with the Construction Practice Leader/Management to ensure consistency with underwriting protocols and product strategies.
  • Demonstrate effective prioritization of workload.
  • Other duties and initiatives as may be assigned

Skills & Qualifications:

  • Minimum 2 years related insurance industry experience.
  • Experience in underwriting construction and/or energy property insurance required.
  • University degree with a focus in business, engineering or applied science considered an asset.
  • Self-starter with proven analytical skills and a proven track record in a solutions-oriented approach to underwriting that drives profitable growth.
  • Experience working within a guideline framework, underwriting authorities and protocols.
  • Demonstrated broker relationships with global, national and regional brokers.
  • Able to successfully identify, facilitate and execute portfolio rollover opportunities, market or sector segmentation opportunities and target accounts.
  • Comfortable with critical thinking and a growth mindset, with thoughtful consideration of diverse perspectives during decision-making and respectful of differences.
  • Able to respectfully give and receive positive and constructive feedback.
  • Effective at managing internal and external meetings with professionalism and clarity while driving mutual accountability for results.
  • Effective at change management and adapting to new systems and processes.
  • Helps drive innovation through a growth mindset, viewing roadblocks as opportunities for growth and supporting new idea testing, training, and ongoing monitoring of changes.
  • Excellent communication, organizational and time management skills.
  • Collaborates well across business units.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Assistant Vice President, Head of External Reporting – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Thu, 07 Nov 2024 23:50:58 GMT

Job description: Company Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionThe Opportunity:We are seeking an experienced Head of External Reporting to join Liberty Mutual Canada, encompassing 2 operations: Liberty Mutual Canada – a division of Liberty Mutual Insurance Company and Employers Insurance Company of Wausau. As the AVP, Head of External Reporting, you will oversee the accurate and timely reporting of financial information to internal and external stakeholders, ensuring tax and financial compliance with regulatory requirements and accounting standards. Reporting directly to the CFO, you will play a critical role in driving the company’s financial reporting strategy.Duties & Responsibilities:Financial Statements

  • Responsible for all Canadian regulatory reporting – in accordance with IFRS and statutory accounting principles and any other relevant/replacement reporting requirements.
  • Review, analyze, report upon financial results and ensure timely and accurate filing of the Canadian Branch external financial reporting (including OSFI filings); (P&C & Life).
  • Establish and maintain accounting policies and procedures that align with regulatory requirements and best practices, ensuring consistency and accuracy in financial reporting across the organization.
  • Ensure proper disclosure of financial information in external reports, highlighting significant financial events, risks, and uncertainties.

Financial Analysis

  • Conduct in-depth analysis of regulatory financial statements to identify trends, anomalies, and potential areas of concern, providing valuable insights to the Branch Governance committee and other key stakeholders.
  • Effectively communicate financial information and results to Branch Governance and relevant external stakeholders (i.e., OSFI).
  • Collaborate with key stakeholders (i.e., UW, Reinsurance, Claims etc.) and Identify opportunities to improve Branch profitability. Assist the CFO in the review, analysis, presentations and ad-hoc requests of competitor analysis.

Tax Compliance and Management

  • Ensure accurate and timely preparation and filing of all tax returns, including corporate income tax returns, premium tax returns, and other relevant tax filings, in compliance with local tax laws and regulations.
  • Minimize corporate tax position through effective tax planning and management – inclusive of consideration to US GAAP requirements for parent company consolidation purposes.

Capital Management

  • Oversee capital management for the branch, including monitoring of capital and optimizing use of capital. Lead treasury and cash management roles to maximize investment returns.
  • Review capital adequacy analysis, and lead quarterly updates for Branch Management including forecasted capital and forecast accuracy.

External Audit

  • Lead the Canadian Branches through the external audit of the statutory financial statements (and capital filings).
  • Collaborate with external auditors to plan and execute annual financial audits, coordinating information requests, ensuring proper documentation, and addressing any audit findings or recommendations.

Regulatory Guidelines & Filings

  • Assist the CFO in the review, implementation, and on-going compliance of regulatory guidelines & filings.
  • Monitor and implement procedures to ensure compliance with all Canadian and US legislative requirements – including OSFI, FSCO/IBC, FCAC, OFAC, Sarbanes Oxley legislation etc.

Team Management

  • Provide leadership, guidance, and mentorship to a team responsible for external reporting, ensuring their professional growth, performance, and adherence to deadlines.
  • Proactively identifies, participates in, or manages cross functional/departmental projects. Defines project scope and prioritizes resource commitments. Monitors projects while challenging and developing staff. Communicates project opportunities of high complexity and constraints to Senior Management. Appropriately holds staff accountable for project deadlines.

Other Duties & Responsibilities

  • Stay up-to-date with accounting standards, tax pronouncements, regulatory changes, and industry-specific reporting requirements to ensure ongoing compliance in financial reporting practices. Maintaining relationship with OSFI Branch supervisor.
  • Act as CFO’s delegate with Liberty Mutual Investment group to monitor investment performance and regulatory compliance.
  • Review, negotiate and maintain all banking facilities and facility/lease transactions.
  • Identify opportunities to streamline and automate financial reporting processes, leveraging technology solutions to improve efficiency, accuracy, and timeliness of external reporting deliverables.

Skills & Qualifications:

  • Designated CPA;
  • Minimum 10 years of financial reporting and analytical experience, with at least 5 years of leadership experience;
  • Proven experience in a senior financial reporting role within the insurance industry or related sector.
  • Excellent analytical and problem-solving skills, with attention to detail and accuracy.
  • Technically proficient in IFRS and US GAAP;
  • High proficiency (advanced level) with MS Windows based applications (Excel being the key applications);
  • Proven track record of effectively building constructive relationships with others at all levels of the organization; and
  • Excellent communication skills, both verbal and written, with the ability to articulate complex financial information to non-financial stakeholders.

If you are a highly motivated individual with a track record of success in financial reporting within the insurance industry, we invite you to apply for this challenging and rewarding opportunity. Join our dynamic team and contribute to the company’s growth and success.Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Analyst, Regulatory & Tax Reporting – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Fri, 08 Nov 2024 23:29:47 GMT

Job description: Department: FinanceLocation: TorontoReports To: Team Leader, Regulatory and Tax ReportingCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal, and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding, and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance.– Competitive health & dental benefits plan– Competitive time off policy– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion.The Opportunity:Reporting to the Team Leader, Regulatory and Tax Reporting, this role will be responsible for the preparation and coordination of various reports and analysis to ensure the entities’ compliance with regulatory and tax reporting requirements. This role will also be a key contributor in providing relevant analysis for other business units (e.g., Underwriting, Actuary, and others). This position offers excellent opportunities in a dynamic environment.Duties and Responsibilities:

  • Regulatory reporting – Lead and support end-to-end process for regulatory returns including liaison with other business units (Actuary, US Finance, Treasury).
  • Periodic workflow – Own several workstreams supporting monthly financial close process, such as processing payment requests for facility payments & taxes, select account reconciliations and processing of related journal entries.
  • Capital forecast – Responsible for creating the base balance sheet and income statement to build the quarterly capital forecast & supports the Team Leader, Regulatory and Tax Reporting for other areas of quarterly & long-term capital forecasting process.
  • Tax reporting, analysis & compliance – Complete various tax reporting requirements for the Canadian Branches to ensure compliance with applicable filings & manage remittances for income & indirect taxes.
  • Finance & cross function projects.

Skills & Qualifications:

  • Bachelor’s degree in commerce (accounting or finance).
  • Minimum 3 years previous accounting experience.
  • Obtained or working towards the CPA designation, preferred.
  • Fundamental understanding of P&C insurance industry is an asset.
  • Advanced proficiency with Microsoft Office (Word, PowerPoint, Outlook), with advanced knowledge working with large volumes of data using Excel.
  • Working knowledge of Power BI reporting tool is an asset.
  • Ability to handle a large volume of information and accurate management of large datasets along.
  • Proven ability to find opportunities to improve efficiency and accuracy by standardizing procedures.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary, or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Senior Manager, Operational Risk Management – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary: $145000 – 165000 per year

Job date: Wed, 20 Nov 2024 23:59:59 GMT

Job description: Department:Enterprise Risk Management (ERM)Location:Toronto, Calgary, Vancouver or MontrealReports To:Assistant Vice President (AVP), Risk ManagerCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual, a Fortune 100 Company. We offer a broad suite of commercial and specialty insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 300 employees and services clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal, and Halifax. Liberty Mutual Canada is part of Liberty’s Global Risk Solutions (GRS) organization.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding, and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger local and global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Market-leading pension plan– Competitive time off policy– Competitive health & dental benefits plan– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion (DEI)The Opportunity:This national role will be responsible for the day-to-day activities and leadership of Operational Risk Management within the Enterprise Risk Management (ERM) function. The successful candidate will report to the AVP, Risk Manager and will work closely with the Senior Vice President (SVP), Head of Business Alignment & Chief Risk Officer (CRO) and other Canadian and global leaders both within and outside of ERM.Duties & Responsibilities:

  • Champion and model our Liberty values and Guidelines for Inclusion to drive market leading culture and ensure positive employee engagement.
  • Lead Operational Risk Management, collaborating with stakeholders within Canada, North America, and Liberty offices / entities around the world to ensure appropriate risk management of various business processes.
  • Execute, monitor, and continuously improve a holistic Operational Risk Management program including related controls and processes. This program will include the identification and oversight of Key Risk Indicators (KRIs) and associated tolerance levels within a variety of risk categories including underwriting operations, technology, cyber, data, third-party risk, model risk, talent, compliance, tax, operational resilience, and more.
  • Coordinate with key stakeholders to identify, assess, and prioritize operational risks to improve awareness and understanding of risks or risk scenarios that have the potential to impact our ability to achieve strategic objectives or cause a material operational loss.
  • Serve as a trusted advisor and provide thought leadership in operational risk management to business stakeholders, particularly related to risk identification, strategies to adequately mitigate identified risks, and performing risk and control assessments.
  • Monitor developments in the operational risk profile and significant sources of operational risk. Lead strategic analysis of operational risks to provide insights into risk themes, trends and developments to inform risk mitigation strategies.
  • Ensure awareness of and compliance with applicable regulatory requirements /guidelines.
  • Contribute to the assessment and aggregation of the GRS operational risk profile, coordinating with the broader GRS Operational Risk Management team.
  • Implement robust risk reporting systems to provide timely and accurate insights into the operational risk profile, escalating issues as and when necessary.
  • Participate in the group-wide harmonization of operational risk management methodology and support the consolidation of enterprise operational risk management platforms.
  • Contribute to the GRS rollout of the new Group-wide operational risk management system.
  • Contribute to preparation of the Canada Risk Committee meeting and the GRS Operational Risk Management Committee meeting, presenting at these Committees as required.
  • Lead large-scale projects from concept to implementation with minimal supervision.
  • Demonstrate effective prioritization of workload.
  • Challenge the status quo, experiment with new ideas, and develop an industry leading approach to how ERM contributes to the strength and future growth of the business.
  • Although this role will be primarily focused on Operational Risk Management, the successful candidate will contribute to other initiatives as needed to support the success of the ERM function and the broader Liberty Mutual Canada and GRS organizations.

Skills & Qualifications:

  • Competencies typically acquired through a Bachelor’s degree and at least 8-10 years of relevant work experience.
  • Advanced education or professional qualification(s) are preferred (MBA, CPA, or similar), as is having a professional qualification in one or more areas of risk management.
  • Experience in operational risk management including assessment methodologies and risk reporting.
  • Strong knowledge of operational processes, controls, and regulations within the Finance industry, preferably gained through prior roles in insurance or banking.
  • Ability to build strong partnerships with stakeholders at all levels and across functional areas, influencing and holding accountable as appropriate.
  • Strong written and verbal communication skills in both formal and informal settings, as well as a proven ability to effectively present technical concepts to non-technical individuals.
  • Ability to perform high level work both independently and collaboratively as a team member or leader.
  • Analytical mindset with the ability to perform complex analysis and make data-driven decisions.
  • Advanced Microsoft Office skills.

The target annual salary for this role is $145,000 – $165,000. Salary is commensurate with candidate experience.Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Senior Reinsurance Analyst – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary:

Job date: Fri, 08 Nov 2024 23:14:53 GMT

Job description: Department:Global ReinsuranceLocation:TorontoReports To:VP, Global ReinsuranceCompany Overview:Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:– A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance– Competitive health & dental benefits plan– Market-leading pension plan– Competitive time off policy– External education & tuition reimbursement programs– Employee & Family Assistance Programs– An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusionThe Opportunity:Reporting to VP Reinsurance, this role will be responsible for ensuring reinsurance operations are reported in an accurate and timely manner.Duties and Responsibilities:

  • Maintain oversight and review work produced by outsourced teams, such as EXL.
  • Lead the quarterly reporting for Schedule F reporting and other Reinsurance reporting.
  • Oversee work allocated to junior staff, and provide assistance with training and managing workload.
  • Lead regularly scheduled meetings with key brokers/reinsurers to resolve open items/escalate as needed.
  • Ensure all treaties, quota share and XOL treaties are appropriately settled with the markets and internal reinsurance teams on a timely basis.
  • Analyze and validate reinsurance files and corresponding premium and claims payments.
  • Process and provide accurate and timely information to internal and external stakeholders.
  • Oversee the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
  • Compute and effectively communicate reinsurance recoveries related to large losses (per Canadian reinsurance programs).
  • Liaise with reinsurance intermediaries and Global Reinsurance on other administrative matters as required.
  • Assist with sending out broker statements monthly, reconcile broker statements with our records, and follow up on outstanding items with brokers.
  • Actively seek enhancements and make recommendations for new processes to improve efficiencies or rectify inaccuracies or information gaps.
  • Organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions.
  • Perform ad hoc tasks as requested.

Skills & Qualifications:

  • At least 2-3 years of financial industry experience – ideally in insurance in the P&C area with exposure to reinsurance concepts.
  • Knowledge of SOX key controls and reinsurance processes.
  • Ability to work with large volumes of data to derive business solutions.
  • High proficiency in the use of MS Excel, MS Access, SAP, and Essbase.
  • Broad knowledge of reinsurance concepts, products and processes an asset.
  • Experience working with automated accounting and reporting systems.
  • Ability to identify and solve problems based on analysis (start to finish concept).
  • Proven superior communication, presentation and customer service skills.
  • Excellent attention to detail.
  • Strong business and interpersonal communication skills (written and oral).
  • Outstanding inter-personal and team leadership skills with emphasis on employee motivation.
  • Excellent analytical, problems solving and technical accounting skills.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

Liberty Mutual Canada – Senior Manager, Operational Risk Management – Toronto, ON

Company: Liberty Mutual Canada

Location: Toronto, ON

Expected salary: $145000 – 165000 per year

Job date: Wed, 20 Nov 2024 08:56:21 GMT

Job description: Reports To: Assistant Vice President (AVP), Risk Manager Company Overview: Liberty Mutual Canada is the Canadian… Canada has over 300 employees and services clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton…