With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Job Summary Reporting to the VP Finance, the Director of Finance will be responsible statutory and external reporting, corporate income taxes and financial audits. This role ensures financial information is prepared in accurately and on a timely basis and that appropriate internal controls are in place. Responsibilities and Accountabilities: Lead IFRS quarter end reporting process and ensure that Canadian statutory reporting requirements are met. This includes the preparation and filing of the annual and quarterly regulatory financial returns (P&C1, MCT), annual audited IFRS financial statements and auditor’s reports and other financial returns required by the regulators. Work with the SVP Actuary to ensure that actuarial data inputs for the regulatory financial returns and MCT capital returns are reviewed and reconciled to the general ledger. Work with external consultants to ensure that IFRS 17 SAS data inputs and outputs for the regulatory financial returns are prepared, reviewed and reconciled within the agreed upon reporting timelines. Prepare quarterly IFRS financial statement analysis and commentary, including preparation of materials for the quarterly Board of Directors meetings. Oversee the corporate tax function including the preparation of quarterly Canadian and USGAAP tax provisions, corporate tax remittances and providing external tax consultants with relevant working papers for the annual Canadian corporate tax filings. Prepare annual financial statements, notes to the financial statements, shells and all necessary disclosures for external auditors. Manage, coordinate and ensure successful completion of external and internal audits including external financial statement audits, corporate tax external audits, internal audits of the Finance function for SOX and internal audits of the MCT capital return for OSFI. This includes dealing directly with auditors to resolve issues. Assess and implement changes in Canadian IFRS, corporate taxation, OSFI regulations and other applicable accounting standards and regulations related to the P&C1, MCT, IFRS financial statements and Canadian corporate taxes. Develop and maintain corporate accounting policies to ensure the adequacy and effectiveness of internal controls over external financial reporting and SOX compliance with respect to financial reporting processes. This includes preparation of internal control documents and accounting memos relevant to Canada for USGAAP and IFRS/statutory reporting and updating these documents at least annually and as needed. Prepare annual capital plan and quarterly reforecasts. Prepare long range plan for the Financial conditions testing. Oversee the completion of external surveys and data requests related to statutory financial statements. Provide support to the Chief Risk Officer by preparing the quarterly CRO risk report for the Board of Director meetings and executing on the plan to complete the finance related disclosure requirements for ESG reporting /OSFI Guideline B15 Climate Risk Management. Provide support to the SVP Actuary by filing actuarial related returns required by the regulators i.e. Appointed Actuary’s report and related schedules, external review reports, Financial Condition Testing, ORSA Key Metrics Report and Earthquake Exposure Data Return. Initiate process improvements as necessary for IFRS accounting and reporting processes including automating of data workflows to enhance the reporting process. Required Skills and Experience Minimum 10 years of financial reporting experience Experience in P&C Insurance accounting (including IFRS17) is essential A high degree of technical and analytical expertise, excellent verbal, written and communication skills Ability to work effectively with senior management and an individual who takes initiative, has a strong team orientation and able to prioritize responsibilities to meet tight deadlines with little to no supervision High degree of accountability and ownership Desired Skills and Abilities: Well organized, innovative with a high level of initiative; strong time management skills with the ability to establish priorities to meet tight deadlines while balancing multiple and constantly changing needs and schedules – flexibility is critical Strong analytical and problem-solving skills Detail oriented, able to manage several complex processes/tasks with a high level of accuracy Exposure to Workday ERP is an asset Education and Experience: Bachelor’s Degree in Finance or Accounting CPA designation #LI-LH1 #LI-HYBRID For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. $130,000 - $140,000/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. Arch is committed to helping employees succeed through our comprehensive benefits package that includes medical plus dental, vision and prescription drug coverage; a competitive retirement plan with generous matching; Vacation plus 4 Lieu Days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Off plus 8 Sick Days per year; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Maternity Leave top up of up to 18 weeks and Parental leave top up of 6 weeks; and Tuition Reimbursement. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. 15200 Arch Insurance Canada Ltd. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career. Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. 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