Senior Consultant- ECRA Insurance- Financial Accounting and Advisory Services- Assurance Job Toronto area,Old Toronto Ontario Canada

Location: Old Toronto

The opportunity

As a FAAS Senior, you will be a professional member of our Financial Accounting Advisory Services (FAAS) team with a focus on the Insurance Sector. In Canada, our FAAS team consists of dedicated financial reporting and accounting advisory professionals in five locations across the country. We combine technical accounting skills in IFRS, Canadian and US GAAP, practical experience in financial reporting processes as well as deep sector and regulatory knowledge.

You will help finance leaders address the challenges and ongoing changes facing their business and manage the resulting repercussions on the accounting and finance function. You will partner with them to achieve their potential in accounting standards policy implementation and convergence, acquisitions, divestitures or optimization/restructuring. In addition, you will create innovative commercial insights for clients, and drive improvements in business processes.

This job posting relates to an existing vacancy within our organization.

Your key responsibilities

Develop and maintain productive relationships with client management throughout the year.

Establish expectations of value to be delivered.

Participate in performing Canadian GAAP and IFRS analysis procedures, especially focusing on complex and/or specialized issues.

Create reports and other deliverables.

Understand the client's insurance business and recognize key performance drivers, business trends, and emerging technical and industry developments.

Stay informed of general business/economic developments and their impact to the client.

Develop people by encouraging individuals to think for themselves and take responsibility for their contributions to the team.

Delegate work successfully.

Conduct timely performance reviews and provide performance feedback/training. Lead by example.

Use technology to continually learn, share knowledge with team members, and enhance service delivery.

Demonstrate detailed understanding of key concepts and principles related to application of complex accounting standards, finance process improvements, project management and change

management; show an ability to apply these consistently in engagement settings

Maintain an educational program to continually develop skills. Maintain cooperative relationships with other engagement teams.

Monitor the engagement team's progress against the plan and alter it when needed.

Generate new business opportunities.

Understand EY and its service lines and actively assess/present ways to apply knowledge and services.

Develop long-term relationships and networks both internally and externally.

Skills and attributes for success

Accounting expertise in IFRS and US GAAP specific to insurance, preferably with experience in IFRS 17.

Ability to research accounting topics using a variety of sources and apply to transactions or contracts to develop accounting policy examples or recommendations. Experience preparing technical accounting memos or papers to define a transaction and provide application to accounting guidance for clients and EY executives

Plan, manage and participate in various engagements (researching application of accounting standards to various transactions, assessing financial and governance processes, assisting with accounting framework transitions, comparisons of different company practices, developing and providing tailored training, etc.)

Advanced written and verbal communication skills

Proven ability to lead a team and develop business opportunities

Knowledge of business trends, emerging technical and industry developments

Excellent leadership and project management skills

Able to manage multiple engagements and deadline-driven

What we look for

A degree in accounting and/or other appropriate academic major and a minimum of 3-5 years’ relevant experience along with CPA, CA designation or equivalency

Audit or business experience in financial statement close or the application of accounting standards specific to insurance companies

Demonstrate mastery of key concepts and principles related to process improvements, project management and change management; show an ability to apply these consistently in engagement settings

Impeccable client relationship skills

A dedication to teamwork and leadership

Good communication skills

Ideally, you’ll also

Have the ability to work independently in a fast-paced, dynamic team-oriented environment

What we offer you

The EY benefits package is designed to support your physical, emotional, financial, and social wellbeing. Our extensive benefits include comprehensive medical, dental, and prescription drug coverage, as well as mental health benefits, a robust Employee Assistance Program and group savings plans to promote your overall wellbeing. We offer generous time off, including personal days, vacation days, and additional firm-wide holidays, along with the option to purchase extra vacation days.

Employees can take advantage of EY's exclusive learning programs tailored just for them. We also provide internal…