Accountant

Recruiter
Canada Life Limited
Location
Potters Bar, United Kingdom
Salary
Competitive
Posted
08 May 2022
Closes
18 May 2022
Ref
14304244
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.
Job Purpose
As a qualified accountant at Canada Life you will be responsible for supporting the delivery of key IFRS 17 project deliverables and producing Management Information (MI) for Insurance line of business as well as supporting the completion of the monthly and quarterly reporting and reconciliation requirements of the UK division.

Key Accountabilities
1) Play a key role in the production of monthly and quarterly results for Insurance/Annuities line of business.
Specific accountabilities, depending on discipline may include:
• Analytical Review and analysis of month end and quarter end results. Produce reports on a monthly basis, analysing data and investigating variances.
• Produce reports and analysis work around internal reinsurance.
• Assist in month end and quarter end posting and reconciliation.
• Support the team with ad hoc technical queries.
• Deal with any queries from internal and external auditors.
• Strong understanding of IFRS and understanding of insurance accounting and reporting preferred.

2) Support implementation process for IFRS 17
• Support to complete comparative dry runs.
• Assist with IFRS 17 quarterly and annual processes and timetable for the insurance business line.
• Support the documentation of methodology papers which underpin the IFRS 17 process.
• Communicate results and provide visibility into details of underlying work.
• Liaise and coordinate with other teams including Finance Systems, Accounting and Actuarial.
• Deal with any queries from internal and external auditors.
• Strong understanding of IFRS and understanding of insurance accounting and reporting preferred.

3) 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

4) Co-ordinate the monthly close timetable, ensuring corporate deadlines can be met with suitable time for local management review of results. monitoring and ensuring progress across functions (including as examples; Finance, Actuarial, Investments and Tax)

5) Prepare quarterly management accounting reports for External Auditors, Boards and Parent company

6) Support the reconciliations between local and regulatory reporting. Review and obtain sign off for the reconciliation. Ensure that all validation errors within the regulatory reporting systems are cleared prior to submission.

7) Ensure that appropriate controls over regulatory reporting exist and that these are operating effectively. Identify and implement process changes to improve quality as well as processing times to ensure that the regulatory reporting deadlines can be met.

8) Keep up to date with changes to regulatory reporting requirements from the PRA, EIOPA, FSA, CBI and other regulators that could potentially impact reporting.

Desired Knowledge / Experience / Skills
Technical Expertise
• Strong commercial awareness and understanding of the needs of the business. Will be able to apply technical accounting techniques and understand business/commercial implications
• Understand complex data and information with the ability to interpret and recommend commercially astute courses of action; constructively challenging and helping develop others' thinking and understanding.
• Proven ability to lead projects, to deliver on-time, in-full.
• Willing and capable of making decisions independently in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.

Communication
• Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.
• Strong ability to adapt messages to the audience in a format that is easily understood by non-technical colleagues
• Strong influencing skills

Relationship Building
• The ability to develop and maintain strong relationships across the finance function, acting with integrity and role modelling the company values at all times.
• Strong interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders,
• Ability to flex their style and delivery, in the moment, depending on the individual and/or audience.

Taking Initiative
• Sound problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard.
• Self-motivated, well-organised, pragmatic and able to perform tasks independently.
Developing Self and Others
• An interested and inquisitive individual who is committed to their own ongoing professional and personal development

Qualifications: ACA or ACCA qualified

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

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