The Healthcare Insurance Reciprocal of Canada (HIROC) is a trusted healthcare safety advisor, committed to offering a full spectrum of insurance, risk and claims management products and support.

HIROC knows healthcare as it’s the largest not-for-profit healthcare liability insurer in the country, with over 700+ healthcare organizations part of the Reciprocal. Combined with sage counsel and risk management solutions, HIROC works with its partners to increase safety.

As a Reciprocal, HIROC is governed by its Subscribers and remains an innovative, agile and proactive partner. Since its inception in 1987, the not-for-profit has returned over $200 million to the healthcare system.

HIROC’s thirty-plus years of data is combined with its extensive experience to advise and share learnings, all with the goal of scaling knowledge and increasing safety across Canada’s healthcare system.

One common thread running through HIROC’s culture is the feeling of being part of something unique: partnering to create the safest healthcare system – HIROC’s vision.

Each employee has the opportunity to find their calling and help build a stronger organization designed to meet the needs of its Subscribers. As a Top 100 GTA Employer eight years running, HIROC employees are empowered to find solutions and create amazing experiences in service to its Subscribers.

Join us and be part of the team working to make a difference.

Summary

Reporting to the Director, Finance and Operations, the primary responsibility of the Lead, Finance is to work closely with a team of professionals to manage financial functions, including financial and regulatory reporting, financial analysis, budgets, as well as focus on improving internal processes and increasing employee engagement.

Key Responsibilities

  • Manage a team of accounting professionals for the financial, management and regulatory reporting functions.
  • Preparation of monthly and annual Financial Statements and disclosures in accordance with IFRS
  • Preparation of quarterly and annual P&C regulatory returns
  • Preparation of financial statement commentary for the Board and technical memos as required 
  • Develop budgets and provide forecasts and cash flow projections
  • Provide budget to actual variance analysis
  • Prepare/review monthly accounting entries pertaining to insurance service revenues and expenses, reinsurance, and investments  
  • Review bank reconciliations
  • Prepare reinsurance analysis and calculations and liaise with reinsurance broker
  • Liaise with actuary for actuarial schedules related to IFRS 17 and other financial requirements
  • Prepare/review premium tax returns, sales tax returns
  • Act as key contact for the year end audit, coordinate client schedules and manage ad-hoc requests
  • Ensure compliance with internal financial controls 
  • Coordinate and manage expectations of various internal and external parties in order to obtain detailed financial information required.
  • Research and provide recommendations on IFRS and/or regulatory pronouncements or changes
  • Provide supervision, coaching and mentoring to three direct reports, work to improve staff engagement and promote a positive department culture
  • Other duties as assigned 

Knowledge, Skills & Abilities

  • Excellent Excel skills 
  • Superb written and oral communication skills
  • Experience with Microsoft Dynamics 365 Business Central considered to be an asset
  • Attention to detail and a commitment to excellence and continuous improvement 

Education, Training & Experience

  • CPA designation (public accounting experience preferred) and 3+ years of property and casualty insurance accounting experience or its equivalent
  • Strong understanding and application of IFRS 17, Insurance Contracts 

Working Conditions

  • Hybrid work model.

How to Apply

Please submit your résumé to Geoff Shields at [email protected]

In order to be considered for this position, please include a current résumé or detailed qualifications summary with your application. Only those selected for an interview will be contacted.

HIROC is committed to fostering a climate of equity, diversity, inclusion, and accessibility. HIROC respects the diversity of all members of its community and welcomes applications from those who have demonstrated a commitment to the values of equity, diversity and inclusion. Applications from members of groups that have been historically disadvantaged and marginalized, including First Nations, Métis and Inuit peoples, racialized persons, persons with disabilities, those who identify as women, 2SLGBTQ+, individuals who self-identify on the basis of any of the protected grounds under the Human Rights Code and/or others who may contribute to the further diversification of ideas within its community are encouraged. HIROC is committed to fair assessment of a candidate’s abilities, and consideration for diversity of thought, method, and experience, including non-traditional career paths. 

HIROC is committed to providing a barrier-free environment for all stakeholders, including its participants, employees, job applicants, suppliers, the public and any visitors who may enter its premises, access its information, or use its services. As an organization, HIROC respects and upholds the requirements set forth under the Accessibility for Ontarians with Disabilities Act (AODA) and its associated standards and regulations and will ensure that HIROC offers a safe and welcoming environment that is respectful of each person's dignity and independence.