Job Description

About Facility Association

Facility Association ensures the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible. We are an unincorporated non-profit association of insurers. FA operates in Ontario, Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Nunavut, and Northwest Territories. Every insurer licensed to write automobile liability insurance in these jurisdictions is a member of Facility Association. The affairs and business of FA is managed and controlled by a Board of Directors with authority Canada-wide. The President and CEO is responsible for the day-to-day operations of the organization and management of staff.

Additional information in relation to Facility Association is available on its website:

Position Summary

A key member of the Finance team, the incumbent is accountable for the full cycle of the monthly process in the preparation and analysis of more complex month-end and year-end financial statements for the Facility Association\'s (FA) mechanisms (FARM, RSP, UAF). The incumbent will review the work of the Accountant as required.

Duties and Responsibilities

Perform monthly entries for the closing of the balance sheet, income statement and any additional changes to the financial position for assigned mechanisms.

Perform and review annual balance sheet, income statement entries, and the year-end disclosures and tables for FA\'s mechanisms.

Ensure the timely processing of monthly journals for provisions and accruals and worksheets for FA\'s mechanisms.

Prepare monthly internal controls and upload for evidence gathering.

Oversee monthly balance sheet and income statement account reconciliations.

Prepare a monthly summary of results and explain variances to prior month and outlook coordinating with the FP&A function to provide insight into drivers and changes.

Compare the general ledger balances to the Member statements by mechanism and follow up on differences.

Support and provide documents, worksheets, and explanations to external auditors for financial year-end & CSAE control audits.

Prepare financial statements and co-ordinate audits with external auditors based on schedule, and complete for manager review

Recommend improvements to system and process efficiencies.

Monitor and support implementation of new accounting requirements and standards.

Mentor and support the work of the Accountant; provide coaching and guidance as required.

Lead or support special projects each year and work with cross functional teams to deliver results as required.

Communicate financial information in a way that can be understood by a non-financial audience.

Seek assistance from other team members and other departments when required.

Experience and Qualifications

Post-secondary diploma or degree.

CPA designation.

Five (5) to seven (7) years of relevant experience.

P&C experience is considered an asset.

Advanced proficiency in MS Office suite and reporting tools, with an ability to learn new tools.

Knowledge of and proficient with accounting software programs.

This position qualifies under the FA Employee Referral Program.

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.

FA is proud to be an equal opportunity employer. Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion and ethnicity, among others.

Please be advised that only those applicants who are selected for interviews will be contacted.

IBC