Financial Reporting and Change Manager

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Location:

Watford, GB

Company: CLFIS Limited

Description:

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.

The Financial Reporting and Change Manager is the organisation's subject matter expert for ledger integrity, accounting architecture, and the operational implementation of complex accounting requirements.

The role is responsible for ensuring that accounting transactions are accurately reflected within the general ledger and associated sub-ledger infrastructure, maintaining a robust control framework over accounting entries, reporting outputs, chart of account structures and accounting data flows.

Operating within a highly complex finance environment characterised by multiple data feeds, and evolving accounting requirements and IFRS 17 infrastructure, the role holder will act as the bridge between commercial activity, technical accounting standards and operational finance delivery.

• Own the integrity and governance of the general ledger structure and accounting architecture.
• Ensure accounting entries accurately reflect underlying commercial transactions and comply with applicable accounting standard
• Contribute to technical accounting papers
• Lead the development and maintenance of accounting rule frameworks
• Drive optimisation of financial reporting, data quality and accounting processes
• Manage and develop a small specialist team
• Influence stakeholders across Finance, Actuarial, Technology, Change, Operations and Risk functions.
• Lead the operational implementation of accounting change through complex finance and reporting infrastructure.

• Own the operational integrity of the general ledger and associated accounting infrastructure.
• Ensure all accounting postings, journals and ledger movements are complete, accurate and supported by appropriate accounting rationale.
• Maintain oversight of end-to-end accounting flows from source systems through sub-ledgers into statutory and management reporting outputs.
• Establish and maintain robust controls over ledger postings, adjustments and period-end activities.
• Drive continuous improvement in ledger governance, control effectiveness and accounting transparency and ledger reporting.

• Own and govern finance taxonomies including:
• Chart of Accounts
• Profit Centres
• Cost Centres
• Units of Account
• Financial Dimensions
• Reporting Hierarchies
• Assess impacts of organisational, regulatory and business changes on accounting structures.
• Ensure accounting architecture remains scalable, controlled and aligned with reporting requirements.
• Define and implement accounting rules and mapping logic across finance systems.

• Translate complex commercial transactions into compliant accounting treatments under IFRS and other reporting frameworks.
• Lead technical accounting assessments for new business initiatives, products, transactions and strategic projects.
• Lead the preparation and review of technical accounting papers, accounting opinions and audit support documentation.
• Provide subject matter expertise on accounting standards including IFRS 17, IFRS 9, IFRS 15 and UK GAAP where applicable.
• Obtain stakeholder and audit buy-in for proposed accounting treatments.

• Lead the operational implementation of accounting policy and…