Manager/Director, FP&A

Location

Brookfield Place - 181 Bay Street

Business - Reinsurance

Brookfield’s publicly traded Reinsurance business, Brookfield Reinsurance Partners Ltd., is a newly formed division of Brookfield focused on providing capital-based solutions to insurance companies and their stakeholders. Brookfield Reinsurance is positioned to act as a strong, long-term partner to the insurance sector, with a primary focus on the life, annuity and pension market in North America and Europe. The business provides annuity-based reinsurance products to insurance and reinsurance companies and also acts as a direct issuer of pension risk transfer products for pension plan sponsors. In doing so, the business seeks to match long-duration liabilities with a portfolio of high-quality investments in order to generate attractive, risk-adjusted returns.

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

The Manager/Director, FP&A will join the Brookfield Reinsurance Finance team and will report into the Vice President, Finance. The Director will primarily be responsible for supporting Brookfield Reinsurance’s business planning and forecasting processes, including trend analysis and tracking performance against our financial targets. The successful candidate will prepare clear and thoughtful analyses in support of a large variety of deliverables and presentations for senior management and the Board of Directors. The successful candidate will also be able to coach more junior team members and work collaboratively with various stakeholders, including the broader Brookfield Reinsurance finance and operations teams, portfolio company management and the finance teams of BAM and BN.

Primary Responsibilities:

• Prepare regular financial forecasting/re-forecasting and related analytics

  • Coordinate the review of quarterly earnings forecast submissions from operating companies, including overseeing the final high-level output provided to senior management and other users

  • Identify unusual or unexpected variances for follow-up

    • Leverage knowledge of each operating company’s business plan to identify inconsistencies or changes between the updated forecasts and the business  plan

    • Utilize an understanding of the underlying business as well as macroeconomic factors to assess any related impact on forecasted results

  • When actual results are submitted, compare to forecasts, identify variances and follow-up with appropriate contacts to understand and/or assess the need for updates to be made

  • Clearly summarize variances to prior periods and the business plan in writing and verbally to more senior members of the team

• Support quarterly and year-end financial reporting of key operating metrics for management reporting and public company external documents, including Management’s Discussion and Analysis. and Supplemental information

• On an annual basis, work with other finance, investments and M&A team members to develop and consolidate a 5-year business plan

  • Attend operating company business plan presentation meetings

  • Work with contacts at the relevant operating companies to understand the key strategies within the business plans as well as changes to the plans from the prior year, key priorities for the underlying businesses and the largest risks to successful execution of the plans

  • Ensure business plan submissions from operating companies reflect results and transactions in accordance with accounting policies

  • Layer corporate assumptions onto the plan consistent with overarching Brookfield Reinsurance objectives

  • Distill the detailed consolidated business plan into presentations for senior management and the Board of Directors, clearly and concisely explaining the key drivers of the plan

  • Assist with the extrapolation of the 5-year business plan into a 10-year plan that is incorporated into Brookfield investor day presentations

• Prepare files and tables for ad-hoc analyses for senior management that are clear and easy to understand

• Build relationships with frequent contacts across the organization and within our operating companies to assist the team with obtaining accurate, timely and useful information

• Lead design and implementation of FP&A modules in OneStream as the team transitions to the system in the second half of 2024

• Oversee t