Derivatives Accounting Specialist

Permanent Full Time 

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The Derivatives Administration team is responsible for all accounting, reporting, and administration for The Canada Life Assurance Company’s derivatives.

The Derivative Accounting Specialist plays a significant role in the daily operations, as well as accounting and reporting functions. This position is responsible for performing daily procedures and activities, such as cash movements, reconciliations, trade administration, and accounting entries. 

What you will do

• Responsible for performing tasks in accordance with the Company’s internal control procedures to ensure appropriate cash movement.
• Trade administration (reviewing legal confirmations, correct trade entry into derivatives system, appropriate approval)
• Reconciliations of cash and suspense accounts in SAP.
• Daily problem solving and issue resolution with counterparties, internal and external stakeholders
• Preparation of reports for internal and external stakeholders
• Assist management in streamlining and documenting processes
• Perform ad hoc projects
• Other general or department wide tasks as assigned

What you will bring

• Completion of post secondary education, specializing in Accounting/Finance, such as Business Administration or B. Comm.
• Completion of/or working toward a professional accounting designation
• Completion of the Canadian Securities Course would be considered an asset
• Experience with derivatives/investments would be considered an asset
• Proficient in Microsoft Word and Excel
• Well demonstrated attention to detail
• Excellent communication skills
• Ability to work independently and in a team setting
• Well-developed organizational and time management skills, with the ability to deal with fluctuating work volumes

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The base salary for this position is between $50,400 - $75,600 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.

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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