Sr. Accounting / IFRS 17 Analyst
Location: Toronto, ON
Work Arrangement: Onsite – 4 Days per Week
Job Summary
We are seeking an experienced Senior Accounting / IFRS 17 Analyst with strong knowledge of IFRS 17 accounting standards and insurance financial reporting. The ideal candidate will have hands-on experience with IFRS 17 accounting models, including CSM calculations, Risk Adjustment (RA), VFA, GMM, and PAA.
The candidate will work closely with Finance, Actuarial, and IT teams to ensure accurate financial reporting, data processing, reconciliation, and compliance with IFRS 17 requirements.
Key Responsibilities
•Interpret, implement, and maintain IFRS 17 accounting policies and reporting procedures.
•Perform and validate IFRS 17 calculations, including Contractual Service Margin (CSM), Risk Adjustment (RA), and VFA, GMM, and PAA models.
•Collaborate with Finance, IT, and Actuarial teams to validate data inputs, outputs, and calculations within the IFRS 17 reporting engine.
•Perform financial data reconciliation, processing, and validation to ensure accuracy and completeness.
•Prepare financial analysis, variance analysis, and management reporting.
•Support internal and external audits by providing financial data, reconciliations, and supporting documentation.
•Identify and investigate discrepancies in financial data and recommend corrective actions.
•Ensure compliance with IFRS 17 accounting standards and applicable financial reporting requirements.
•Support continuous improvements in IFRS 17 reporting processes and accounting controls.
Required Skills & Qualifications
•Proven experience working with IFRS 17 accounting standards and insurance financial reporting.
•Strong understanding of IFRS 17 measurement models:
◦Contractual Service Margin (CSM)
◦Risk Adjustment (RA)
◦General Measurement Model (GMM)
◦Variable Fee Approach (VFA)
◦Premium Allocation Approach (PAA)
•Strong experience in financial data reconciliation, validation, and processing.
•Advanced Microsoft Excel skills, including financial analysis and reporting.
•Experience working with ERP systems and specialized IFRS 17 accounting or reporting platforms.
•Strong understanding of insurance accounting and financial reporting processes.
•Excellent analytical, problem-solving, and stakeholder communication skills.
•Ability to work collaboratively with Finance, Actuarial, and IT teams.
Good to Have
•Actuarial knowledge or experience working closely with actuarial teams.
•Experience with IFRS 17 implementation, system testing, or reporting transformation projects.
•Knowledge of insurance products, actuarial calculations, and insurance financial data.
Ideal Candidate Profile
A finance/accounting professional with hands-on IFRS 17 experience, strong reconciliation and Excel skills, and the ability to work across Finance, IT, and Actuarial teams in an insurance environment.
