Director – Insurance Finance

What is the opportunity? This is a multi-disciplinary financial position that has leadership and accountability for financial reporting (both management and external), controls, compliance with Sarbanes-Oxley (SOX) financial oversight, cash and foreign exchange monitoring and management, payment approvals, collateral and liquidity management, planning and forecasting, oversight of investments and capital management. This role also has interaction with internal audit, external audit, rating agencies, regulators and insurance counterparties and includes participation in a number of management committees (Investment Committee and Board meetings). The controller is an officer of Royal bank of Canada Insurance Company Ltd. – Cayman (RBCICL) and also involves financial oversight for RBC (Barbados) Services Company Ltd. What will you do?

• Responsible and accountable for the daily financial operations including accurate and timely monthly, quarterly, and annual financial analysis and reporting
• Preparation for and compliance with periodic internal audits of accounting processes and controls and annual external financial statement audits and shareholder financial statements
• Regular communications with business managers, RBCI risk management, RBCI Finance and RBC Tax group on financial issues and regulatory/statutory issues
• Responsible and accountable for financial reporting at RBCICL Board meetings including preparation and analysis of results, dividends calculations and preparation of related Board materials
• Approve payments (wires and investments) and review account reconciliations and group head sign off on PEGA
• Accountable as contact for communication, including formal face-to-face meetings with AM Best and Standard & Poor’s in their annual reviews and preparation of capital models and information returns
• Manages operating cash flows and financial operations
• Working within RBC Insurance and RBC Financial Group guidelines, develops and maintains a strong reinsurance finance infrastructure providing efficient and effective accounting process policies and controls
• Responsible for the timely and accurate financial analysis including budgeting and forecasting
• Detailed monitoring and analysis of actual results including issue resolution and communication of results and operating issues

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 competitive compensation package including salary and pension
• Health insurance and comprehensive benefits
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.