Junior Financial Analyst Job at Economical Insurance – in Waterloo, ON
Work is a big part of our lives, so it makes sense to choose a company that offers truly rewarding work. At Economical Insurance®, your contributions, creativity, and energy won’t go to waste . Our passionate culture and pioneering mentality infuse everything we do, which is why our one-million-plus policyholders know we’ll protect their homes, businesses, farms, cars, and pets like they’re our own.
We’re not afraid to see how far we can push the envelope to make insurance better. Our family of companies includes Sonnet, the only Canadian home, and auto insurer offering a fully online buying experience, and Petline, the largest Canadian pet insurance company.
If you’re looking for a company that takes care of its people — and its customers — and has a track record of doing big things, get ready to love it here.
In this role, you will:
Have the unique opportunity to support the activities of the Capital Management and Treasury functions, as well as provide occasional support to and work closely with the Corporate Development, Investor Relations and Reinsurance functions
Play a key role in executing the company’s public company capital management strategy, following our expected demutualization and Initial Public Offering (“IPO”) later this year
Work closely with senior leaders, including executives, and with a variety of teams including corporate finance, investments, actuarial, risk and legal
Actively participate in capital and treasury activities as a public company, including:
Raising capital (debt, preferred shares and hybrid securities, equity, etc.)
Analyzing and optimizing cost of capital
Shareholder distributions, including dividends and share buybacks
M&A due diligence, funding and integration
Prepare and present capital management analysis and recommendations to senior leaders and the board of directors
Support the development of an enhanced return on capital model to better understand the relative profitability of capital allocated to individual lines of business and products and help improve financial results
Contribute to the quarterly and annual business plan and short-term forecasting processes by preparing the investment income, balance sheet, cash flow and capital forecasts
Support the adoption of IFRS 17 for the Capital Management team, including redevelopment of certain models and understanding the impacts of IFRS 17 on how the business operates and its capital
Engage in the annual credit rating process, including preparing management presentations and performing credit rating modeling
Assist in developing a suite of analysis, forecasting and reporting on cash and cash flow for Senior Management, and assist in strengthening existing treasury management capabilities
Your Skills and Experience
University degree, preferably in Accounting, Business Administration or Finance
CPA designation in progress strongly preferred
1-3 years of finance experience (including co-ops / internships) in any of the following areas: capital management, financial statement analysis, forecasting, financial reporting, public accounting, or similar
Ability to analyze and understand the implications of business activities on the financial statements
Ability to research and analyze accounting policies and standards, with specific knowledge and experience with IFRS considered an asset
Prior experience in financial services industries in general, and insurance specifically, would be an asset but is not required
Strong Excel and financial modelling skills, with excellent attention to detail and proficient analytical skills
Ability to produce clear reports and presentations, including strong working knowledge of PowerPoint
Strong written and verbal communication skills and ability to interact with all levels of the organization, including C-level executives
Go ahead and expect a lot — you deserve it.
- Competitive salaries, with potential for an annual raise and bonus
- Pension and savings programs, with company-matched RRSP contributions
- Generous time away, including vacation and personal needs days
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Two annual wellness campaigns — participants earn up to $300 each year to spend on almost anything supporting health and work-life balance (think things like spa days, daycare, pet grooming)
- An unlimited employee referral bonus program
- Flexible work schedule
- Discounts on products and services
HOW TO APPLY
To complete the online application process, you’ll need to upload your resume and cover letter in one document.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected] .
Visit economical.com to learn more about us and what we’re up to.
About the Company
Company: Economical Insurance –
Company Location: Waterloo, ON