Senior Financial & Reporting Analyst Capital Management

Job Locations CA-ON-Toronto | CA-MB-Winnipeg
Posted Date 2 weeks ago(11/17/2023 2:25 PM)
Job ID
Job Location 1 : Location
Canada Life Assurance Company
Job Category
Finance and Investments
Job Type
Full Time
Job Industry
Financial Services and Banking, Insurance
Career Level
Posted End Date

Job Description

We are looking for a Senior Financial & Reporting Analyst, Capital Management. 


The Capital Management department is involved in assessing and calculating the financial and insurance risks that impact the company’s use of capital in our operations.  Our key measure, the Life Insurance Capital Adequacy Test (LICAT), is used to determine a life insurance company’s capital strength.


The Senior Financial & Reporting Analyst is responsible for ensuring the LICAT information is accurately portrayed in the financial statements of the organization, as a team member of a high- performance team.


Utilizing your strong analytical, organizational, and communication skills, you will further develop your general financial analysis and reporting skills, and gain exposure to corporate financial statements and regulatory capital concepts.  You will be working with capital management concepts and practices, that are used in the insurance and financial industry.  


What you will do 

  • Reporting: Preparation, consolidation, analysis, and reporting of the Life Insurance Capital Adequacy Test (LICAT) and LICAT-related information at quarter-ends and year-ends
  • Projections: Preparation, analysis, and reporting of corporate LICAT projections for Corporate Planning Processes such as Budget and Financial Condition Testing (FCT)
  • Analysis: Providing financial analysis support and development for ad-hoc reports and project involvement

What you will bring 

  • Completion of post-secondary university degree in Accounting, Finance, or related business education.  
  • Experience in the delivery and preparation of financial information to internal management and external users.
  • Strong interpersonal and communication skills and have the ability to work well both independently and as part of a high-performance team.
  • Well-developed financial analytical and mathematical skills. Good problem solving and decision-making skills needed to support recommendations.
  • Excellent organizational skills, including the ability to efficiently handle and prioritize multiple tasks and work to deadlines in a dynamic environment.
  • Ability to handle multiple tasks with conflicting deadlines, flexibility to accept change in priorities when faced with urgent requests.
  • Strong Office 365 skills, including intermediate to advanced Excel skills to manage high volume of data.
  • Knowledge of SAP and Access would be an asset.
  • Completion of some financial accounting, or finance related courses is preferred.
  • Enrollment in a recognized financial program would be an asset (example CPA). 

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Winnipeg, Toronto. 


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


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




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