Senior Financial Analyst at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Reinsurance, InsuranceIndustries

Requirements

University Degree in Finance and/or Accounting
Progressing towards obtaining a recognized accounting qualification
3+ years USGAAP/IFRS accounting or financial reporting experience within a financial services company (insurance or reinsurance experience preferred)
Proven track record of effective people management and strong interpersonal/negotiation skills resulting in productive relationships with different areas
Demonstrated success with significant process improvement projects
Proven ability to analyze and interpret data, draw conclusions from it and explain findings to key stakeholders across the business
Ability to deal with non-standard requests/work
Self-starter with a desire to develop their technical knowledge and skills
Excellent written and verbal communication skills
Advanced Microsoft Office skills

Responsibilities

Support the Manager, Finance in PL Re full cycle accounting to produce high quality financial results within established deadlines
Assist with the financial statement close process by preparing system feeds, journal entries, and ad hoc reports
Prepare monthly/quarterly account reconciliations and maintaining supporting schedules; investigate and document any reconciling items
Adhere to established internal controls and operating procedures
Prepare quarter over quarter analysis, year over year analysis, financial statements (or part of it), regulatory reports, management and compliance reports; critically analyse ledger balances by providing explanations for variances and movements
Participate and co-ordinate periodic Finance departmental efforts in process improvement, reducing the duration of the financial close period, simplification, improved internal controls, and enhancing analysis capabilities
Support PL Re projects by assessing the impact of changing corporate structure, regulatory, system or reporting requirements; develop detailed plans and execute steps to change production processes, including set up and execution of operational and financial reporting processes, and system testing
Develop and maintain intra-departmental relationships to coordinate effectively with Operations/Corporate Actuarial in ensuring accuracy and completeness of reinsurance accounting records and appropriate internal control structure associated with transfer of data
Create and maintain internal control structure and supporting internal and external audit requirements
Support ad hoc requests as and when required

Skills

Key technologies and capabilities for this role

Full Cycle AccountingFinancial Statement CloseJournal EntriesAccount ReconciliationsVariance AnalysisInternal ControlsFinancial ReportingRegulatory ReportingProcess ImprovementFinancial Analysis

Questions & Answers

Common questions about this position

Is this a full-time permanent position or a contract role?

This is a 12-month full-time contract role with a potential option for a permanent position at the conclusion.

What is the work arrangement or location policy for this role?

The role requires an evolving hybrid availability in-office at 40 King St. W in Toronto, between 2-4 days per week.

What qualifications and experience are required for this position?

Candidates need a University Degree in Finance and/or Accounting, progressing towards a recognized accounting qualification, and 3+ years of USGAAP/IFRS accounting or financial reporting experience in financial services, with insurance or reinsurance experience preferred.

What key skills or responsibilities are highlighted for this role?

The role involves full cycle accounting, preparing financial statements and reconciliations, variance analysis, process improvements, project support, and maintaining internal controls, along with proven people management and strong interpersonal/negotiation skills.

What makes a strong candidate for this Senior Financial Analyst role?

A strong candidate will have insurance or reinsurance experience, a proven track record in people management, and strong interpersonal/negotiation skills, in addition to the required accounting qualifications and financial reporting experience.

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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