Manager, Insurance Financial Control

Job Description

What is the opportunity? 

As the Manager, Insurance Financial Control within our Insurance Finance group, the successful candidate will support the General Ledger Attestation process ensuring the effective design and preparation of reconciliations in collaboration with various stakeholders across the bank.  In addition, the candidate will provide support to the senior managers by assisting in SOX and Operational Controls reporting, Operational Risk Event and Self-Identified Event documentation, external audit engagements and the annual EUDA exercise.

What will you do?

• Responsible for the preparation of reconciliations and attestations per prescribed Standard Operating Procedures (SOPs) while applying solid knowledge of the operations, its procedures and systems to the reconciliations process
• Ensure true breaks are identified, investigated / reported and items that represent a potential loss are escalated immediately
• Support all questions pertaining to in-house reconciliations and support investigations of differences for outsourced reconciliations, including peer reviews on other reconciliations prepared by the team
• Use new and existing tools to automate and recommend solutions for data ingestion, analytics and visualization to create efficiencies in the reconciliation preparation process to reduce lead time
• Prepare aging summaries of reconciliations for financial controls team reporting
• Prepare statistical summaries of 2nd Level SOD review results
• Provide support on SOX and Operational controls reporting as needed
• Update HO submission templates for Operational Risk Event and Self-Identified Event documentation
• Assist in setting up access requirements, and daily tracking, for external audit engagements

What do you need to succeed? 

Must-have

• CPA designation or working towards the completion of CPA designation. This mandate will benefit from the analytical and financial reporting understanding and skills commonly associated with accounting designations.
• 3+ years of experience in accounting or similar role
• Strong written and verbal communication skills
• Ability to collaborate and build strong relationships with multiple stakeholders
• Advanced working knowledge of Excel / Microsoft Office suite of products

Nice-to-have

• Data visualization experience (preference in Tableau and/or Power BI)
• Experience navigating datasets using Structured Query Language (SQL) for analytical purposes or experience with programming languages
• Knowledge of Insurance products / operations, familiar with insurance accounting, together with willingness and interest to develop that knowledge 

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

$67,000 - $110,000

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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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 jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.