Senior Financial Analyst, FP&A

About the Company

Our client is a global reinsurance company. They are looking for a Senior Financial Analyst, FP&A who will be responsible for financial planning, analysis, forecasting, and insight generation to support decision making across the Protection line of business and global expense management. This role requires strong business partnering, analytical capability, and the confidence to challenge existing processes. The successful candidate will work closely with Finance and senior business stakeholders, translating complex reinsurance concepts into clear, actionable insights.

While there is no formal people management responsibility, the role carries strong influence and visibility.

• Global exposure within a sophisticated reinsurance platform
• High visibility role with regular senior management interaction
• Competitive compensation and benefits package inclusive of annual bonus, RRSP matching, and global work from anywhere program for up to 4 weeks a year

Financial Planning:

• Support the development and ongoing maintenance of global expense planning and Western Protection business planning processes, including annual budgets, forecasts, and long-range plans.
• Partner with business and finance stakeholders to gather, validate, and challenge financial assumptions, with particular focus on expense drivers and cost center structures.
• Analyze actual results versus plan and forecast, identify key variances, trends, and underlying drivers, and clearly articulate explanations.
• Prepare and deliver planning and forecasting outputs that provide transparency into performance, risks, and opportunities for senior FP&A leaders and business stakeholders.

Financial Analysis & Insight:

• Conduct in-depth financial analysis, including variance analysis, profitability analysis, and scenario modelling, to support operational and strategic decision-making.
• Provide in-depth expense and cost analysis, highlighting key drivers, emerging trends, and areas for efficiency or optimization.
• Identify risks and opportunities within financial results and forecasts, escalating material items with well-supported analysis and recommendations.
• Develop and maintain financial models, dashboards, and KPIs to track business and expense performance, communicating insights effectively to stakeholders.
• Ensuring analysis is timely, accurate, and decision-focused, enabling stakeholders to understand both financial outcomes and forward-looking implications.

System, Data & Process Enhancement:

• Improve planning, forecasting, and reporting processes to increase automation, scalability, and data integrity, including transitions away from manual or spreadsheet-heavy workflows.
• Apply strong data discipline to ensure consistency, governance, and control across FP&A outputs, particularly in relation to expense management and cost reporting.
• Contribute to continuous improvement initiatives by identifying inefficiencies, recommending process enhancements, and sharing best practices across the global FP&A function.
• Support and contribute to enhancements of FP&A systems, tools, and data processes in partnership with BAU and project teams.

• Professional accounting designation (CPA, ACA, ACCA, CIMA, or equivalent) is preferred.
• Typically, 3 years of relevant post-qualification experience in FP&A, financial analysis, or related finance role.
• Ability to communicate complex financial information clearly to both finance and non-finance stakeholders.
• Advanced proficiency in Microsoft Excel (Power query) and Power BI report development preferred.
• Experience with in insurance or reinsurance is strongly preferred.
• Strong experience working with planning systems and analysis tools, including hands-on data extraction and management.
• Accounting knowledge combined with advanced financial analysis and modelling skills.
• Strong attention to detail, analytical rigor, and ability to manage multiple priorities in a dynamic environment.

$90,000 - $100,000/year

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When referencing this job, quote #471537

This position for employment is for a current vacancy with Vaco/Highspring's client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client's requirements for this role.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex…