JOB DESCRIPTION:
As a member of our Finance team, the Senior Reinsurance Financial Analyst is responsible for accounting, reporting, analysis, and administration duties related to the reinsurance contracts held by the business. This includes working with brokers and internal partners to achieve premium and claim settlements, as well as ensuring ceded financials are accurate in the ledger. This team member is a valued subject matter expert within the Finance team, and gives advice on reinsurance questions, and provides valuable reinsurance analytics to drive decision making.
Essential Duties and Responsibilities:
- Analyze and monitor monthly spending on facultative and treaty reinsurance, and perform variance analysis for management reporting package
- Monitor and maintain inventory of reinsurance contracts
- Oversee collection and reporting of reinsurance collaterals including funds held, trust accounts, and letter of credits
- Review and provide supporting documentation for both OSFI and Schedule F statutory reporting packages, and ensure compliance with company's established reinsurance practices and procedures
- Collaborate with international placement team by providing key data inputs during contract placement and adjustment processes
- Partner with FP&A team during annual planning season to craft reinsurance plan and advise on short term forecasted reinsurance activity
- Prepare month end reinsurance premium and claims journal entries, and make necessary adjustments into reinsurance sub-ledger system
- Reconcile all reinsurance receivable and payable general ledger accounts monthly
- Coordinate and oversee offshore processing team for monthly facultative premium and claim settlements
- Assist in development of new business processes during 2025 implementation of new reinsurance system
- Participate in innovative projects as required including assessing new ventures for the organization
- Collaborate with Accounting and Financial Control teams with audit sample requests
- Respond to ad hoc internal or reinsurer requests
- Acts as a backup to other members of Finance team
May perform additional duties as assigned.
Skills, Knowledge & Abilities:
- Strong knowledge of insurance and/or reinsurance contracts in a Finance/Accounting role
- Accounting fundamentals, with IFRS17 specific knowledge being an asset
- Advanced Excel skills are a must, with additional tools like VBA, SQL, PowerBI being an asset
- Detail oriented with strong organizational skills and capable of managing multiple projects effectively
- Excellent problem-solving and analytical skills coupled with a strong desire to learn and grow
- Must be results oriented with the ability to work independently as well as in a team environment
- Strong interpersonal and communications skills to speak as a subject matter expert
Education & Experience:
- Bachelor's Degree in accounting, finance, or equivalent
- Completion, or working towards a professional recognized accounting designation
- Minimum 5 years of professional experience required, with P&C specific experience being an asset
At CNA, we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant in order to provide suitable accommodation that takes into account the applicant's accessibility needs.
CNA Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CNA and has not been reviewed or approved by CNA.
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Retirement Support — Retirement plan design—with an automatic company contribution plus match—materially boosts total compensation and is highlighted as a standout element. Feedback suggests this structure provides dependable long‑term value beyond base pay.
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Strong & Reliable Incentives — Annual bonuses are common across many roles, supporting a predictable incentive component in total compensation. This consistency helps lift overall pay satisfaction in functions where bonus eligibility is standard.
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Leave & Time Off Breadth — PTO, paid holidays, and options like PTO purchase and paid family leave create a broad time‑off package. Feedback suggests these elements meaningfully enhance the overall rewards mix.
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What We Do
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. As a company of allies, we understand the importance of fostering an inclusive and supportive culture for all employees. Our eight Employee Resource Groups elevate the voices of underrepresented groups and champion critical DEI initiatives in the workplace and beyond. We strive to promote an environment of inclusion and continuously work to ensure all employees feel valued and respected.
Why Work With Us
CNA knows the importance of having the tools you need to expand your expertise and develop your career. With a variety of cross-discipline and cross-functional opportunities, CNA provides you with the tools and resources needed to customize your career path and understand what is needed to be effective in your role.
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