Located in Ontario and Nova Scotia, Heartland Mutual Insurance strives to be the Best Mutual. Our team of talented and dedicated professionals challenge the norm and strive to be extraordinary. It’s all about fulfilling our promise with a personal approach. With our team, you’ll bring this purpose to life every day by living our values, being open to change, and pursuing your career aspirations.
Heartland Mutual Insurance has an excellent opportunity in our Finance Department for a Financial Controller.
Financial Controller – Waterloo, Ontario
The Controller will be a hands-on leader with strong business acumen reporting to the Vice President & Chief Financial Officer, the Financial Controller works closely with the CFO and provides support to the executive team working in within the Finance Department to oversee and develop accounting policies, procedures, and internal controls to ensure financial accuracy and regulatory compliance.
They will play a key role in overseeing the financial health of the organization and supporting strategic decision-making, using advanced problem-solving resolution skills. They will have a crucial role in identifying and managing financial risk. They will oversee a small team, with emphasis on cross-functional collaboration, continuous improvement for processes and internal controls, including enhanced reporting requirements within the Guidewire system.
What you will do…
Internal Controls, Processes and Audit
- Ensure that appropriate accounting policies, procedures and effective financial internal controls are in place.
- Manage Guidewire deficiencies and improvements as they relate to accounting/reporting.
- Ensure compliance with all IFRS standards and Statutory requirements.
- Create an audit workplan for the co-op student.
Financial Reporting and Financial Planning & Analysis
- Prepare internal financial statements ensuring accuracy and timeliness, analyzing and understanding variances to prior year and budget.
- Coordinate with functional leaders to ensure actual vs. budgeted expenses are explained and variances are understood.
- Ensure all account reconciliations are completed and reviewed monthly with action items to clear reconciling items.
- Compile and analyze financial reporting packages.
- Partner with system provider to ensure accurate reports are developed for balancing and reconciling.
- Assist in the preparation of annual financial budgets.
- Year-end financial statement preparation including notes to the financial statement.
- Manage relationship with auditors ensuring all year-end work is completed on time.
Regulatory and Tax Compliance
- Ensure OSFI guidelines are understood and new guidelines and modifications to existing guidelines are understood and impact to the company is known and highlighted to the CFO/CEO.
- Ensure all regulatory filings are completed on time.
- Ensure all tax filings are completed and paid on time.
Regulatory and Tax Compliance
This role will develop strong relationships with the billings team, internal Actuarial and Claims departments, and will work closely with the Appointed Actuary for actuarial reviews. This role will have a close working relationship with the CFO and provide support to the Executive Team.
What you will bring…
- Minimum 7 years accounting experience.
- Financial services industry experience required, with insurance experience as a strong asset.
- Experience managing an accounting or reporting function with responsibility for monthly and quarterly close processes, as well as related financial reporting.
- Excellent knowledge of IFRS4 and IFRS17.
- Bachelor’s degree in Business, Accounting, Finance, or related discipline.
- CPA designation.
- Impeccable planning, analytical and organizational skills.
- Proven ability to think strategically and identify risks and issues pro-actively.
Work Environment
This role is 100% in-office at the Waterloo location.
What we offer….
In return, we’ll give you countless opportunities to learn and grow. You’ll be empowered to be your best self, do your best work, and make a meaningful impact. Here, you can help shape the future of insurance, win as a team, and grow with us.
At Heartland our benefits are great and include not only health and dental coverage, but also a generous pension plan. All staff members share in our company’s success through our incentive plan.
Intrigued? We can’t wait to hear from you!
If you have the qualifications we are seeking and would thrive in a work environment where you are valued and respected, please apply on the company website. Accommodations are available on request for candidates taking part in all aspects of the selection process.
A Place Where YOU Can Make a Difference! Proudly Canadian. Mutually Owned.