Financial Analyst - 18 month Contract

Temporary Full Time 

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The Local Reporting team is looking to fill a position of Financial Analyst. This is an 18-month contract position located in downtown Toronto at our Canada Life Campus at Queen Street and University Avenue.

The Capital & Risk Solutions Division of Great-West Lifeco participates in international markets, providing life, longevity and property and casualty reinsurance in the United States and in international markets. We are among the top 10 life reinsurers in the United States by assumed business.

The Local Reporting team manages and maintains the in-force valuation model and produces quantification and analysis of reserve on local statutory bases in the US, Hong Kong, and Macau Branches. The team frequently interacts with other teams within the Capital & Risk Solutions Division, such as Financial Management, Valuation, Pricing, and Finance, as well as teams across the organization, such as Corporate Actuarial, Capital Management, and Asset & Liability Management.

What you will do 

• Transform the IFRS 17 valuation process for the Hong Kong Participating block of business from VFA to GMM.
• Monitor experience of the Hong Kong Participating block for the purposes managing the Dividend Stabilization Reserve and making recommendations for the Policyholder Dividend Scale.
• Respond to queries from Corporate Actuarial and the Hong Kong regulators on the Hong Kong Participating and Non-Participating business.
• Provide support in maintaining the Valuation models.
• Provide support for other ad-hoc requests within the team.
• Additional opportunities to work on individual projects as needed and interact with other teams within CRS and the company.

What you will bring 

• Actuarial/Accounting/Finance background
• Experience with GGY AXIS is a definite asset
• Excellent MS Office skills with an emphasis on MS Excel
• Excellent analytical and problem-solving skills
• Strong attention to detail and innovative
• Committed to delivering results in the required timeframe with a high degree of accuracy
• Strong interpersonal and communication skills with an ability to convey complex technical topics
• Proactive, self-directed, and able to work independently as well as collaboratively in a team

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The base salary for this position is between  $51,400 - $ 95,200 annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

For student opportunities only

For our student opportunities, the base salary will be dependent on the number of work terms you have completed along with other factors depending on your program. 

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.

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