Slc Management

Description:

SLC Management operates in a hybrid environment with a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three days in-office each week with flexibility depending on their business, client and team needs.

Job Description:

Reporting to Senior Director, Complex Transaction Advisory, the Senior Associate is responsible for supporting the management of accounting policy for SLC Finance. The Senior Associate researches, develops, implements, and monitors accounting policy to ensure that financial reporting over invested assets is in compliance with guidance under various bases of accounting and is consistent with the reporting objectives of the Company. The Senior Associate draws on a deep knowledge and understanding of accounting theory and guidance for investments, including financial instruments and alternative assets, to deliver applied solutions. One of the key roles would be to support implementation of new standards in SLC Finance.

What will you do?

• Provide technical accounting support on the implementation projects for the new/modified accounting standards:

  • Obtain understanding of the new/modified IFRS standard, interpretations, implementation guidance for the application of the new requirements to Sun Life investments globally

  • Provide support for the transition to IFRS 9 and related matters, such as classification and measurement (SPPI assessment), coordinate with ECL implementation team, compile disclosures, and other ancillary support

  • Assess the impact of the new/modified standards on the business, processes, policies and practices, reporting, disclosures and ensuring timely communication of the impact to various stakeholders within Sun Life

  • Support business partners by preparing and delivering training materials on new IFRS requirements

  • Interact with the auditors and provide support in their audit process around standards implementation

• Provide technical accounting expertise on new business initiatives and transactions on an ad-hoc or structured basis for the global investment portfolio

  • Develop, maintain and evaluate a broad range of investment accounting policy across multiple accounting bases (IFRS & Statutory) from the initiation phase through to dissemination of the policy changes.

  • Formulate and deliver written technical analyses and memos, providing evidence-based information and interpretation to support recommendations

  • Provide direction for implementation of new investment accounting policy and proper application of existing policy

• Manage or support several quarterly reporting processes involving technical subject matter including the review of the investment portfolio for SPPI under IFRS 9, consolidation, joint arrangements, materiality calls as well as contingencies & provisions

• Keep current with new accounting standards and developments under IFRS or interpretive statements from the major accounting firms