Chief Financial Officer

We currently have an opening for a permanent Chief Financial Officer based out of our Edmonton office. Reporting to the President and CEO, the Chief Financial Officer (CFO) is accountable for the financial strategy of the organization and oversees all fiscal and fiduciary responsibilities for Peace Hills Insurance.  The CFO is responsible for the communication of financial information, analysis and business results to internal and external stakeholders.  A key member of the executive team and a business partner in every aspect of the business, the CFO contributes to the development of Peace Hills Insurance’s strategic and business planning initiatives and oversees enterprise risk management. 

What You’ll Do:

Planning/Strategy

• Play a key role in contributing to the development and execution of the Company’s strategic and business plans.
• Provide financial insights and advice to assist in decisions with respect to formulating and executing financial business strategy.
• Assess business performance against both the annual budget and Peace Hills’ longer term strategy.
• Undertake forecasting and capital management planning
• Establish and implement short and long range departmental goals and objectives in support of PHI’s strategic plan.
• Provide insight, information and recommendations with respect to capital management, forecasting and capital allocation.
• Monitor investment portfolio performance and appropriate asset allocation
• Assess future initiatives and their implications on the financial strength of the Company.

 

Financial Leadership

• Direct and oversee the entire Finance and Accounting functions of the company.
• Mentor and develop direct reporting team members, fostering a culture of accuracy, accountability and continuous improvement
• Provide and communicate critical financial information and operational analytics to the management team and the Board of Directors.
• Oversee the annual process of financial budgeting and cost management in alignment with Peace Hills Insurance’s strategic plan.
• Analyze financial position, cash flow, cost controls, and expenses to guide business decisions. 
• Oversee financial statement  reviews and ensure the accuracy and completeness of balance sheet
• Oversee cash management and treasury functions.
• Oversee investment allocation and performance of investment portfolio.
• Ensure appropriate systems and internal controls and safeguards are implemented and maintained.
• Ensure records are maintained in accordance with International Financial Reporting Standards (IFRS).
• Oversee the preparation of financial statements, financial reports, special analysis and information reports.
• Develop and implement a strategy for building a strong asset portfolio.
• Oversee all financial business systems, internal controls and financial corporate policies.
• Ensure compliance with all legal, taxation and regulatory requirements.
• Manage financial capital, communicate capital adequacy, requirements and recommendations to stakeholders.
• Ensure adequate reinsurance purchase and appropriate structure and accounting is in place to support the organization.

 

External/Regulatory

• Engage the Board of Directors, Risk Management, Audit and Investment Committees around financial issues, trends, and changes.
• Facilitate and coordinate with external auditors, tax auditors and external appointed actuary.
• Engage in negotiations with reinsurers, safeguarding the financial requirements of the organization.
• Create, coordinate and evaluate the financial programs and supporting information systems.
• Partner with the Vice President of Information Technology to obtain and implement finance systems that meet the needs of the organization.
• Communicate and consult with regulatory bodies, i.e. Alberta Superintendent of Financial Institutions.
• Conduct business activities utilizing relevant principles, i.e. Own Risk and Solvency Assessment (ORSA).
• Work with rating agency in their analysis and assessment of the company’s financial strength.
• Engage with property management companies and other external parties with respect to tenant matters and building capital projects

 

What You’ll Bring:

 

• University Degree in Finance or Accounting and/or equivalent education.
• CPA (CA, CMA, CGA), Chartered Professional Accountant
• A minimum 15 years of financial accounting experience within the insurance industry, preferably in property and casualty
• A minimum 7 years of progressive leadership experience.
• Understanding of the insurance industry and risk
• In-depth knowledge of reinsurance accounting
• Knowledge in capital adequacy assessment.
• Experience providing information and presenting to Board of Directors and other external stakeholders.
• Experience in participating in strategic planning and execution.
• Knowledge of finance, accounting, budgeting and cost control principles.
• Knowledge of automated financial and accounting reporting systems.
• Ability to analyze financial data and prepare financial forecasting , statements and projections.
• High level of integrity, confidentially, and accountability.
• Strong work ethic and positive team attitude.
• Sound analytical thinking, planning, prioritization, and execution skills.
• Ability to motivate teams to produce quality material within tight timeframes and simultaneously manage several projects.
• Ability to respond appropriately in pressure situations with a calm and steady demeanor.
• A well-defined sense of diplomacy, including solid negotiation, conflict resolution, and people management skills.
• Able to effectively communicate both verbally and in writing.
• Ability to present complex information in an understandable way.
• Experience working with and presenting to a Board of Directors.
• Able to build and maintain lasting relationships with other departments and key business partners.
• Experience creating and managing complex budgets.
• Strong problem identification and problem resolution skills.
• High level of proficiency with Microsoft Office productivity suite.
• Knowledge of best practices in internal controls.
• Sound grasp of enterprise risk management principals.

 

What You’ll Experience: 

• Competitive base pay with annual bonus eligibility
• Matching contributions to your Registered Pension Plan
• Personal insurance reimbursement
• Healthy work-life balance including a day off every 4 weeks
• Social events held throughout the year
• A career in a stable and essential industry, at a company with an exceptional corporate culture and opportunities for professional development and advancement

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Why Peace Hills:

Peace Hills General Insurance Company has been serving Western Canada since 1982 with home, auto and business insurance products. Our head office is in Edmonton, Alberta, with branch offices in Calgary and Vancouver. We currently employ over 300 staff who work with more than 1,000 broker offices across British Columbia, Alberta, Saskatchewan, Manitoba, the Northwest Territories, Nunavut and Yukon Territory.

Peace Hills is proudly owned by the Samson Cree Nation, and it is through Wahkôtowin – a Cree word that means “kinship” and the interconnectedness of all beings – that we are and continue to be a respected insurer that provides creative and responsive solutions.

Ready to apply? Send your resume and cover letter to:

gshields@srcpro.com

Geoff Shields

Strategic Resource Consultants Ltd

SRC does not use AI in its intake process. 

This job posting will remain open until a suitable candidate is found.