Job Title: Senior Canadian Reporting Accountant – fixed term contract
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
To lead the management accounting for the Wealth Management and Legacy unit-linked divisions
This position is being recruited as a fixed term contract or secondment (minimum period of 12 months)
1 Analyse earnings to adequately explain variances to expectations, budget, prior year and other prior periods.
2 Co-ordinate month-end close for the selected lines of business with Actuarial, Investment and Tax teams. Ensure regular meetings take place, queries and issues resolved
3 Produce a reconciliation of Linked earnings, investigate differences between the policy and investment accounting and resolve any issues arising as a result. Lead the business improvement project for unit-linked accounting.
4 Prepare reports and deliver in person explanation of monthly results for selected Lines of Business to the following customers;
- Line of Business management
- Heads of Finance, Actuarial & Corporate Division
- UK Division management
Canadian parent company
5 Co-ordinate budget preparation with Lines of Business management
6 Manage and review the work produced by the trainee management accountant.
7 Advise on accounting for new products within the selected lines of business and ensure new products are integrated within the existing management reporting framework
8 Work with the Line of Business Finance Director to improve the MI, accounting and reporting process for the selected lines of business and to respond to changes in business practice and priorities
Desired Knowledge / Experience / Skills
Previous experience of working in a Life Insurance company
Excellent business knowledge - understands the earnings of the company down to product level.
Good communication skills – able to explain complex issues in written and oral form
Can work to tight deadlines.
Able to identify and resolve problems on own initiative
Able to work unsupervised.
Able to make continuous improvements to processes within the department.
What you’ll like about working here
As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the support you need with your personal and professional development.
Diversity and inclusion
Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences