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Business Analyst, Creditor Financial Services

The Canada Life Assurance Company

This is a Contract position in Toronto, ON posted February 8, 2021.

Job Description

We are Canada Life


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. 


Be your best at Canada Life.


We are looking for a Senior Business Analyst, Creditor Financial Services


This position is responsible for supporting the internal and external reporting requirements for Creditor and Direct Marketing Insurance.


Specific Accountabilities:

  • Ensure the accuracy, consistency and quality of all information contained in the Internal Earnings for the Creditor and Direct Marketing block of business.
  • Prepare various financial statements/analysis/reports for policyholders, reinsurers, government agencies and other Canada Life departments.
  • Prepare expense allocation, annual premiums and earnings budget. Liaison with Senior Management and Pricing Department.
  • Responsible for financial tracking, data analysis, accounts reconciliation, reserve determination and investment income calculation.
  • Provide recommendations on efficiencies, standards and improvements related to financial processes and/or systems.
  • Develop efficient and effective processes and procedures as necessary to improve/enhance financial reporting, and to ensure the accuracy of the data produced.
  • Responsible for monitoring and documenting all procedures related to various functions in the department.
  • Handle special assignments and ad hoc request for information from other departments and policyholders.

Qualifications and Competencies:

  • University graduate with concentration in Business/Accounting.
  • 3 to 5 years of experience working in a financial area.
  • 2+ years’ experience as an Analyst. 
  • CPA designation (or CPA designation in progress) is required
  • Advanced ability to effectively use Microsoft Office programs especially MS Access, MS Excel (pivot tables and lookups required, macros an asset).
  • Strong analytical and problem-solving skills.
  • Demonstrated technical aptitude and proficiency with numbers.
  • Well organized and detail oriented with high level of accuracy.
  • Ability to work independently with minimal supervision as well as the ability to work in a team environment.
  • Strong interpersonal skills and excellent communication skills, both verbal and written.
  • Strong customer service and relationship building skills.
  • Ability to handle multiple tasks with conflicting deadlines, flexible when working with changing deliverables on competing priorities.


Be your best at Canada Life- Apply today 


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.  



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