Senior Manager, Finance Special Projects

Job title:

Senior Manager, Finance Special Projects

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?As a member of a dynamic, multi-functional Insurance Transformation and Special Projects team embedded within Finance, the Senior Manager, Finance Special Projects develops technical financial data requirements and specifications for Insurance Contract measurement, accounting, systems, processes, methodologies, and models.This role will also perform financial analysis against valuation data inputs, internally derived mathematical measurements and review of financial outputs from/into the financial and operating models and systems. Core focus is on the measurement of the contractual service margin (CSM) that represents the unearned profit that the entity expects to earn as it provides service.What you will do?

• Prepares IFRS 17 documentation and/or presentations relating to: accounting & business requirements, methodology; processes; implementation; testing; controls / governance; end user documentation / training, and analyses performed
• Contributes to the development, execution, and/or documentation of testing processes, test cases & expected results related to project deliverables
• Contributes to successful completion of project objectives under tight timelines, including via identification of risks, agility, resolution of ambiguity, and development of mitigation strategies
• Parallel focus on implementing early win program improvement opportunities identified including development of modeling & allocation technologies, data requirements and gap analysis
• Collaborate closely with the Insurance Transformational Team, including IT, Actuarial, Finance, tax, pricing & investment counter-parts covering the analysis of financial data input & output from/to the financial and operating models (i.e. AXIS, policy administration, investments systems, CSM systems etc.)
• Ongoing maintenance & review of financial tools & reports including recommending to senior management opportunities to stream-line, and introduce new financial analytics/technologies that will strengthen the ongoing strategic financial transformation
• Implementation of stringent EUC, SOX, security and other model framework controls
• Understands various documentation stakeholder requirements, and proposes, defines, and implements the overall system documentation structure design
• Conducts financial testing on data, systems and processes to ensure compliance with documentation. Works in concert with the Transformational Team in the design & implementation of a Future End-to-End Data, System and Financial Solution

What you need to succeed?Must Have

• Strong Verbal Communication skills and ability to communicate complex concepts concisely to technical and non-technical audiences.
• 4+ years of experience in the Insurance Financial Industry (Life, Health, Wealth) and/or equivalent experience
• Completion of a Mathematics University Degree, coupled with an CPA, MBA and/or CFA
• Extremely strong Math and Financial Business knowledge
• Good knowledge of IFRS and/or Actuarial Standards of Practice with ability to apply Standards to Business processes
• Strong Communication strengths with experience presenting to senior management with ability to communicate complex concepts concisely to technical and non-technical audiences, in both verbal & written form
• Aptitude & technical ability to leverage past Financial technology skillsets to learn & apply independently to new software solutions such as implementation of accounting systems, Data Technology Tools/languages (python, sql, Dataiku, tableau) and/or Financial Data-Lakes
• Strong conceptual, analytical, and problem solving skills
• Ability to grasp technical details and determine macro-level issues working with extremely large datasets
• Self-initiated & self-starter with a strong work ethic
• Teamwork, collaboration, and co-operation is a requirement

Job Skills Budget Management, Communication, Financial Planning and Analysis (FP&A), Large Group Presentations, Organizational Leadership, Process ManagementAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INSURANCEJob Type: RegularPay Type: SalariedPosted Date: 2024-05-13Application Deadline: 2024-05-28Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Mississauga, ON

Job date

Wed, 15 May 2024 05:20:26 GMT

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