Job Description
Who is Allstate:Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You’re in Good Hands®" promise. Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do. Role Designation: Hybrid (1-2 days in Office) Benefits to joining Allstate· Flexible Work Arrangements· Employee discounts (15% on auto and property insurance, plus many other products and services)· Good Office program (receive up to 400$ back after purchasing office equipment)· Student Loan Payment Matching Program for Government Student loans· Comprehensive Retirement Savings Program with employer matched contributions· Annual Wellness allowance to support employees with improving health and wellbeing.· Personal reflection day· Tuition Reimbursement· Working within the community and giving back!Our team is growing and we are actively looking to hire a Manager, Investment Accounting who will be accountable for developing, implementing, and managing the Investment functions to support the achievement of ACG’s short and long term Mission, Vision, and Strategic objectives. The Manager, Investments is additionally accountable for:Overseeing the accounting infrastructure, processes, and investment reporting/investments.Ensuring accurate monthly, quarterly and annual pension statements, investment reports, as well as regulatory filings are completed in a timely manner.Providing pertinent information to Senior Management and the Leadership Team to make informed and relevant business decisions.Applying expertise as a key contributor to cross-functional projects as well as a valuable resource to other business partners.The Manager, Investments selects, provides operational leadership, directs, develops, and manages a capable team and ensures their cooperation to successfully meet ACG financial/regulatory reporting and investment requirements.Role Designation: (Hybrid 1-2 days in Office)Accountabilities:Provide input and direction to the Finance team strategic and tactical plansEnsure understanding of ACG, Finance, and Investments’ business plans and directionContribute relevant information from an Investments’ perspective to cross-functional strategic discussionsManage, Lead, and Develop the Investment TeamProvide support and direction to the team and manage the timeliness, integrity and accuracy of the month-end close process including the reviewing of journal entries, account reconciliations, trending, analysis and pension statements for various legal entities within ACGReview the month-end/quarter-end/year-end financial reporting packages, Minimum Capital Threshold (MCT) calculations, investment reports, and other deliverables, summarizing results for the Leadership Team.Lead meetings with Senior Management and other areas to present results, implications, and any issues for the various entities, including:Actively participate in the Pension Admin Committee – works with various partners on pension related mattersParticipate in the Investment Committee of the Board of DirectorsPrepare the investment expense and income plan, tracks results, and explains variancesResponsible for the preparation, review, and the timely filing of accurate pension statements with note disclosures and other regulatory filings, working as a resource to business partnersCollaborate with cross-functional teams for the year-end reporting schedule, factoring in the deadlines/timelines for the cross functional areas as well as the external auditorsDevelop appropriate financial statement note disclosure for pension and corporate investment notes, collaborating with various areas across the organization to gather pertinent informationReview and analyze the monthly investment compliance report information, ensuring the report is accurate and provided to the CFO in a timely mannerActively participate in monthly compliance meetings with the Financial Controller, the CFO, and the Investment Advisor from head office, raising issues of concern and develop recommendations that help maximize investment returns and minimize expenseCollaborate with others to monitor and research new/amended International Financial Reporting Standard (IFRS) requirements to advise on new accounting treatments and to ensure compliance with IFRS and reviews reconciliations of US Generally Accepted Accounting Principles (GAAP) differencesRecommend and implement improvements to processes and controlsApply expertise as a key contributor to cross-functional projects as well as a valuable resource to other business partnersWork with business partners (internal and external) to effectively communicate information for the audits, regular reporting requirements, and various cross-functional projectsAppointed as a main point of contact for the external audits, acting as a liaison between the auditors and business partnersTake the lead on functional and cross-functional teams/ projectsAct as an advisory role from an investments and operations perspective.Significant contributor to ongoing projects involving cross-functional areas, auditors, external vendors, asset managers, as well as Northbrook Head Office.Financial ControlsEnsure effective and meaningful controls are in place, protecting the integrity of the financial information being reportedResponsible for implementing, assessing, reviewing, and adhering to Sarbanes Oxley (SOX) controlsQualifications:Professional accounting designation (i.e. CPA) is requiredUniversity degree majoring in accounting/business5+ years of relevant financial reporting/investment accounting experience (preferably within the financial services or insurance industry)1 - 2 years’ experience at a supervisory/management levelAdvanced accounting knowledge of both IFRS and US GAAPStrong investment knowledgeExceptional leadership and problem solving skillsStrong organizational and time management skillsOutstanding written and verbal communication skillsAbility to effectively manage key business relationships both internally and externallyAdvanced analytical skills with an ability to focus on the detailsKnowledge of pertinent insurance regulationsStrong project management skillsExcellent research skills and attention to detailProficient in Microsoft Office with an emphasis on strong Excel, Word and PowerPoint skillsExperience with System Application (SAP), or similar accounting softwareAllstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation please let us know and we will work with you to meet your needs.