Canada Life Limited
Potters Bar, UK
28 Jul 2019
07 Aug 2019
Contract Type
Full Time
The Company:

Canada Life a leading Life Assurance Business are currently recruiting for an Accountant to join our team based in Potters Bar.

Job Summary

•Preparation and delivery of UK and Corporate MI reporting for UK operating expenses to assist the business in meeting its UK and parent company expense objectives.
•To work with the business areas to identify, analyse and comment on expense variances and trends and to communicate variances and trends with senior management.
•To meet the regulatory requirements for expense reporting within the specified deadlines.
•To maintain UK expense accounting records to help the business meet its ongoing objectives.

•Administer the expense accounting data in the corporate ledger (Including SAP Fixed Asset Module), and within the department, to ensure that accounting data is up to date and accurate and meets the needs of the business. Understand inconsistencies and where appropriate challenge cost centre managers.
•Control function and maintenance for the SAP Fixed Assets module, including all major capital projects - appropriate splits, sign off and depreciation.
•The preparation and delivery of all UK and Corporate Expense Management Information including detailed variance analysis and commentary relating to direct and allocated expenses for inclusion in the MI packs, expenses by "Lines of Business", allocated expenses, and expense reporting to GWL parent company. Comprehensive, comparative analysis of expense data, identifying primary expense drivers and significant trends.
•Preparation of the monthly allocation reporting. Be able to investigate any inconsistencies and where appropriate challenge cost centre managers on their allocation percentages.
•UK Expense Budget - Assist in the submission of the consolidated UK expense budget, collating detailed expense information from cost centre managers. Preparing financial reports and data uploads, with accompanying analysing of results. Assist with the annual budget allocation process, completing allocations for cost centre assigned and ensuring the integrity of the allocations data is up to date and correct for upload into SAP.
•Continual analysis of existing departmental expense processes and controls. Ensuring accounting treatment of all material accruals and prepayments is inline with relevant standards and policy. Recommendations and implementation of changes to improve the efficiency of these processes.
•To develop understanding of and complete all General Ledger reconciliations assigned to the team in an accurate and timely fashion. These reconciliations should be of a suitable standard and all reconciliation items resolved appropriately.
•Assist Production of monthly and quarterly Board reporting packs for review by Senior Management, delivered in an accurate and timely basis, to the required Corporate deadlines.
•Assist Produce the Finance expense Basis Review proposals, including completing templates, coordinating time tables with the Actuarial and Corporate functions and ensuring all deliverables are met in an accurate and timely fashion.
•Provide Dynamic Capital Adequacy Testing (DCAT) expense data analysis, for both CGAAP and SII expense basis to the Actuarial function in an accurate and timely manner. Investigate year-on-year changes and any other anomalies. Continually develop understanding of these processes to provide higher quality analysis.
•Provide cover for the Sales and MI team when required and provide training when required for SAP (GL, AP and AM modules), Expenses reporting functions including allocations. Assist and provide major input on expense related project and queries.
•Liaising with Canada with regard to requesting future codes in SAP and ensuring uploads to SAP are correct and fit for use.
•Ensure AP, system testing and controls for SAP are correct and fit for purpose.
•Submission of Audit, Leases and Related Party Transaction summaries to Canada.
•Provide Ad-hoc support to Chief Accountant and Chief Financial Officer

•Ability to work in an organised and efficient way to meet monthly and quarterly departmental deadlines
•To be able to analyse, identify and comment on variances and trends when presented with expense and other business performance data
•To identify and seek to understand the drivers of expenses and other performance measures within the business
•Good understanding of accounting transactions including accruals, prepayments and journals
•Good MS Office (excellent Excel) and systems skills as well as knowledge and experience of corporate ledger systems (preferably SAP GL, AP, and AM modules)
•Excellent communication and interpersonal skills including the ability to communicate with all levels of seniority
•Ability to multi-task and be a good team player
•Fixed asset Accounting knowledge particularly in SAP
•Flexible approach with a "can do attitude"

•Qualified or part qualified

About Canada Life

Canada Life looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures.
There can be no greater priority than the commitment and responsibility towards all our customers. At Canada Life we adhere to the same principles as when we were formed in 1847: integrity, consistency and experience.
Our heritage is important to us. Our parent company, Great-West Lifeco, is a financially strong, stable, modern global organisation. The oldest Canadian life assurance company, Great-West Lifeco traces its foundation back to 1847 - that is more than 170 years of helping customers plan for the future.
Since 1903 we have operated in the United Kingdom where we have hundreds of respected and supported staff all geared to doing the right thing for customers.

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