About Us
KRGinsure, a trusted tradename of RRJ Insurance Group Limited with over a century of heritage (est. 1906), is one of Ontario's leading independent insurance brokerages, with branch offices across Southern Ontario. We provide expert advice, build long-term relationships, and deliver exceptional service to our clients.
As we continue to grow and evolve, we are seeking an experienced Chief Financial Officer (Vice President, Finance) to join our leadership team and help shape our next phase of growth.
Position Summary
Reporting to the President, the Chief Financial Officer is a key executive position with the highest level of fiscal responsibility. The CFO will lead the organization's financial strategy and performance, oversee core finance operations and lead the finance department.
As a strategic partner to the President and leadership team, the CFO will ensure accurate financial reporting and provide reliable financial data to support corporate planning, decision-making, and strategic goals.
Position Type: Full-time, Permanent
Role Status: Replacement
Location: Toronto
CFO Responsibilities:
- Manage and oversee all financial affairs of the organization
- Develop and monitor finance department objectives in alignment with corporate plans and policies
- Develop policies that allow finance operations to comply to operate in compliance with corporate goals and objectives
- Manage the finance department and provide leadership and guidance to managers and leaders within the department
- Be an integral part of mergers and acquisition initiatives by facilitating the seamless integration of acquired entities
- Provide financial insight to the executive team to guide strategic decisions
- Lead the annual budgeting process, financial forecasting, and long-term strategic financial planning
- Prepare and present periodic financial statements, variance analysis, key performance indicators, and financial recommendations to the President
- Manage the corporate cash position, optimize working capital, and oversee trust account compliance in accordance with regulations governing Ontario insurance brokerages
Insurance Brokerage Financial Operations
- Oversee the reconciliation of insurance company statements and ensure accurate timely settlement of premiums to insurance companies
- Manage the tracking and reporting of broker commissions, overrides, profit-sharing/contingency income and all related matters
- Work with departments across the organization to provide accurate and reliable financial information to support planning, assess results, and interpret financial variances
Compliance & Risk Management
- Ensure strict adherence to all insurance regulatory requirements, including maintaining minimum working capital, accurate trust account positions, and periodic filings of Position Reports
- Direct internal and external audits, as required, working closely with stakeholders, including external accounting firms, consultants, and provincial regulators
- Manage corporate insurance policies, financial risk management initiatives, and internal financial controls
Leadership & Talent Development
- Supervise, mentor, and evaluate the various components of the finance and accounting department (accounts payable/receivable, payroll, and financial analysts)
- Foster a culture of collaboration, high performance, continuous learning, and process improvement to support company success
- Drive finance transformation initiatives, including evaluating and implementing new accounting and broker management systems to improve efficiency
Required Knowledge and Skills:
Education & Experience
- Bachelor’s degree in accounting, finance, or business administration
- Professional accounting designation (CPA, CA, CGA, or CMA) is required
- Minimum of 7-10+ years of progressive finance and accounting experience, including at least five years in a senior leadership role
- Strong understanding of the Property & Casualty insurance brokerage industry, including Ontario insurance regulations and regulatory requirements
- Experience supporting mergers and acquisitions is considered an asset
Technical & Leadership Skills
- Strong financial reporting, budgeting, forecasting, and analytical capabilities
- Ability to balance strategic long-term planning with day-to-day operational leadership
- Advanced Excel skills and proficiency with Broker Management Systems (EPIC experience is considered an asset)
- Excellent communication, relationship-building, and analytical capabilities
- Proven ability to lead, mentor, and develop high-performing teams
Compensation Range: $160,000 to $200,000 annually
Compensation is based on a full-time 35-hour work week and will be dependent upon the successful candidate’s qualifications and experience, with consideration given to internal equity. It includes variable commissions and potential performance-based bonus.
What We Offer
- A highly competitive executive base salary
- Performance-based executive bonus
- Comprehensive health benefits, including access to private healthcare
- RRSP matching program
- Hybrid work flexibility
- Professional membership fees covered (RIBO, IBAO, IIC, etc.)
- Professional office space
- Professional development and continuing education reimbursement
RRJ Insurance Group Ltd. is an equal opportunity employer and is committed to a workplace reflecting the diversity of the communities it serves. While we thank all applicants for their interest, only those selected for an interview will be contacted. If contacted for an interview, please inform us should an accommodation be required. RRJ does not use AI to screen and/or assess candidate applications.
