Overview
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
To manage the completion of the regulatory reporting requirements of the UK division and to ensure that the UK corporate division is kept up to date with changes in regulatory reporting requirements.
Key Accountabilities
* Manage the process for producing and documenting the quarterly and annual Canada Life Limited (CLL) regulatory returns within the deadlines set by the regulator.
* Produce and manage the timetable, monitor progress, and oversee the production and submission of reporting packs after internal review and sign-off.
* Manage the completion of full balance sheet 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.
* Use and development of relevant systems (e.g. SAP, Data Repository, FSAssist and BPC).
* Manage team members as required.
* Produce the annual Hong Kong return and deal with all other finance related paperwork and payments due to Hong Kong.
* Assist with the production of the Financial Statements of CLL so that they align with the regulatory returns.
* Assist with the preparation of various regulatory returns for FCA regulated entities in the UK Group of companies.
* Work with external auditors to ensure clean audit reports are obtained for all audited work, ensure that auditor identified accounting adjustments are reflected in the company ledgers and that operational processes are updated to improve procedures.
* Keep up to date with changes to regulatory reporting requirements from the PRA, EIOPA and other regulators that could impact reporting and disseminate that information to relevant departments as required.
* Identify and implement process changes to improve quality and processing times to ensure that regulatory reporting can be met.
* Solvency II Data Governance / ICOFR: Ensure appropriate controls over regulatory reporting exist and operate effectively. Escalate and remediate data issues and control deficiencies in a timely manner.
Solvency II regulatory reporting consists of quarterly and annual QRTs, Financial Stability Templates (FSTs), as well as narrative returns including the SFCR and ad hoc requests from the PRA including responses to plausibility checks.
Knowledge / Experience / Skills
* Detailed knowledge of the EIOPA/PRA Solvency II / Solvency UK regulations (directives, guidelines, implementing technical standards and policies).
* Strong technical accounting knowledge.
* Qualified accountant with financial services experience.
* Good proficiency in Excel and Word.
* Excellent self-organisation skills, ability to work on own initiative and manage projects that run over several months.
* Excellent verbal communication skills.
* Proven track record of working to strict deadlines and ability to monitor other teams to ensure deadlines are met.
* Ability to communicate complex accounting issues to finance and non-finance staff.
Qualifications
Qualified Accountant
Benefits
We offer a competitive salary and benefits package, including pension, bonus scheme, income protection, private medical insurance and life assurance, along with opportunities for personal and professional development.
How We Work
Our culture is focused on doing the right thing for our people, customers and community. We invest in the development of our people, technology and workplaces and offer training, flexible working and opportunities to grow and develop.
Diversity and Inclusion
We are building an inclusive workplace with a diverse workforce where everyone can belong and achieve their potential. We are committed to DEI and welcome talent from different backgrounds and perspectives.
For more information and to apply, please visit our website via the apply button below.
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