Insurance Program Manager Jobs in Ontario (NOW HIRING)

Location

Business - Real Estate

Brookfield Real Estate Group is one of Brookfield's primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world's most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Brookfield Properties manages real estate around the globe and prioritizes making a positive impact in the communities where we operate. We are dedicated to implementing sustainable solutions that reduce environmental impact while collaborating with our partners, tenants and local neighborhoods to bring our properties to life.

We are seeking a motivated and detail-oriented Senior Financial Analyst - Financial Operations to join our Brookfield Properties Corporate team. The Senior Financial Analyst will be a key member of the Financial Operations (FinOps) team within Brookfield Real Estate Corporate Operations and will support the financial oversight of the Consolidated Insurance Program. The Insurance Program manages insurance coverage for real estate assets owned or managed by Brookfield.

The Senior Financial Analyst will contribute to financial and management reporting, liquidity management, financial operations, and allocations related to the Insurance Program, while partnering closely with Risk Management, Tax, Legal, and Sector Finance teams. The role will support the Senior Director, Insurance Program, in the day-to-day financial oversight and administration of the Consolidated Insurance Program. This position requires strong analytical capabilities, attention to detail, and the ability to operate effectively in a complex, multi-entity environment while managing multiple priorities and deadlines.

Insurance Allocations

• Assist the Senior Director and Risk Management team in the management of annual allocations for key insurance programs, including validating cost inputs and assumptions, performing reconciliations and variance analysis, and supporting scenario analysis and allocation reporting
• Manage quarterly and off-cycle premium adjustments related to asset acquisitions and dispositions
• Support the ongoing refinement and automation of allocation methodologies in partnership with Risk Management
• Support the preparation of reporting, analyses, and presentations related to insurance program costs, allocation results, and key allocation drivers

Liquidity Management and Financial Operations

• Maintain cash flow forecasts for expected premium collections and expenditures, and monitor liquidity across the insurance program and related legal entities
• Support Sector Finance teams in budgeting and liquidity forecasting related to insurance costs
• Track and monitor letters of credit (LOCs), intercompany funding arrangements, loans, and investment balances related to the Insurance Program
• Execute billing and collections processes related to insurance premiums
• Process vendor payments and manage operational cash flows
• Track third-party claims payments and ensure timely remittance to properties
• Support process improvement and automation initiatives to enhance the efficiency and accuracy of insurance financial operations and reporting

Financial and Management Reporting

• Support the preparation and review of financial statements for captive insurance legal entities, including quarterly and annual reporting packages for Brookfield's consolidated financial reporting
• Assist in the preparation of journal entries, account reconciliations, and supporting schedules for captive insurance entities
• Prepare analyses, supporting schedules, and internal management reports, including tracking actual expenditures against budget, forecast, and allocation model assumptions
• Assist in identifying and explaining key variances and trends related to insurance program costs and operating results
• Prepare supporting documentation for regulatory filings and statutory audits, and coordinate audit requests with external auditors
• Liaise with the Tax team on quarterly and annual federal and state tax calculations and filings
• Assist with management company accounting and related reconciliations
• Maintain strong financial controls and support adherence to internal policies and procedures

• CPA designation or in progress
• Bachelor's degree in accounting, finance, or a related field
• 3-6 years of progressive experience in finance, accounting, audit, or financial operations
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data and identify trends, variances, and key business drivers
• High level of accuracy and attention to detail
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
• Effective communication skills, with the ability to collaborate across functions (Risk, Tax, Legal, and Finance)
• Solid understanding of financial reporting, reconciliations, and internal controls
• Proficiency in Excel and experience with financial systems (e.g., ERP platforms)
• Demonstrated involvement in the preparation of financial reporting, reconciliations, and management reporting packages
• Exposure to budgeting, forecasting, cash flow management, or liquidity planning
• Familiarity with multi-entity environments and complex organizational structures is an asset
• Knowledge of insurance programs, captive insurance structures, or regulated entities is considered an asset
• Exposure to cost allocation methodologies, financial modeling, or financial analysis is an asset

At Brookfield Properties, your career progression is important to us. As a successful employee, you will have the opportunity to grow within your team, department, and across the Brookfield organization. Our leadership teams are dedicated to the accomplishments of their employees. We also invest time into training and developing our people.

End your job search and find your career today, at Brookfield Properties.

We imagine, create, and operate on a foundation of values to build a better world, together. Brookfield Properties strives to create spaces where going to work never feels routine. As a Brookfield Properties employee, you will enjoy many benefits such as Group RRSP, tuition reimbursement, early close on summer Fridays, paid maternity leave and more. There is also a generous employee referral program because we want our existing team members to help us build a more diverse workplace through their networks.

The expected salary range for this role is $95,000 - $110,000 annually. Final compensation offered will be determined based on several factors including but not limited to relevant experience, education, job-related skills, and internal equity.

Brookfield Properties is an equal opportunity employer, and we foster an inviting, inclusive and collaborative environment. We may use AI to assist in our search to identify the best candidate.

Position Opening Reason:

New Position

We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.

Position Opening Reason:

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.