Financial Analyst

Department: Global Reinsurance
Location: Toronto
Reports To: Manager, Internal Reporting & Senior Manager, Reinsurance

Position Summary:

Liberty is seeking three (3) detail-oriented Financial Analysts to join our Global Reinsurance team located in our Toronto office. The Financial Analysts will be responsible for assisting with monthly reporting, partnering with brokers through billing and collection and ad hoc projects as assigned. Successful candidates for this role will also perform monthly general ledger accounting and month end processing. As a Financial Analyst you will review and settle monthly and quarterly reinsurance agreements (of moderate to high complexity) based upon the reinsurance contracts. You will also prepare and assist with monthly/quarterly Corporate reporting requirements. If you want to learn, grow and contribute in a fast paced environment, please read further!

Duties and Responsibilities:

  • General ledger accounting & month end processing
  • Perform internal & external reporting of financial statements & maintain/modify the reporting templates as required
  • Assist with internal and external audits
  • Reviews reinsurance data set and prepare premium bordereaux, loss bordereaux, summary cession statement & proofs of loss
  • Prepares reconciliation of statements and accounts to system sub ledger accounts to ensure accuracy
  • Prepares check requisitions or wire transfer requests to settle accounts with brokers and reinsurers
  • Assist with planning and forecasting
  • Ad hoc projects and requests as required

Internal Reporting:

  • Cash bookings
  • Provide monthly analytics for income statement accounts
  • Responsible for billings, Cash Collection
  • Reconciles tracking system accounts to general ledger for accuracy of data
  • Prepares & reconcile monthly cessions statements for external reporting
  • Prepare & maintain documentation of job processes and controls
  • Create ceded entries for NAS US if and when required


  • Assist in the evaluation of contract wordings in order to determine coverage and indemnity owed to loss according to the terms and conditions of the original policy and reinsurance contract
  • Perform other analysis & accounting related projects as assigned
  • Provides detailed reconciliation to Liberty Mutual every quarter as part of Affiliated Reinsurance Elimination signoff
  • Prepares mark-offs when accounts are deemed uncollectible or uneconomical to pursue
  • Liaises with regional finance groups and Liberty Mutual Home Office Reinsurance in reinsurance matters
  • Provides support for Statutory reporting
  • Prepare Cat by Event reporting and other Corporate deliverables
  • Assist with and/or provide input on process and reporting enhancement initiatives

Skills & Qualifications:

  • A minimum of 2 years of finance or accounting – ideally in insurance in the P&C area with exposure to reinsurance concepts.
  • Professional accounting designation (CPA) preferred or equivalent work experience.
  • Broad knowledge of reinsurance concepts, products and processes an asset.
  • Ability to work with large volumes of data to derive business solutions
  • High proficiency with Microsoft Excel
  • Experience working with automated accounting and reporting systems
  • Ability to identify and solve problems based on analysis
  • Strong interpersonal communication skills (written and oral)

Interested candidates should submit a resume to indicating the job title in the subject line.

Liberty Mutual Canada welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process.

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