Provide high quality expense and earnings insights and reporting throughout the year to the Europe CFO and Financial Performance Director, Europe, explaining cost drivers, earnings drivers, risks, trends and variances versus prior quarter, prior year, and business plan.
At quarter end, own the aggregated Europe level earnings and expense narrative and provide integrated analysis and commentary versus budget, prior quarter and prior year. In doing so, articulate the impact on key business metrics, such as Base Earnings, Expense Efficiency Ratio, Return on Equity, etc.
Translate financial results and forecast updates into clear insight on business plan achievability, highlighting gaps to plan and proposing corrective actions.
Processes, systems, MI and planning frameworks
In conjunction with the Senior Manager - Reporting & Planning, develop and maintain Europe-level planning frameworks, templates and guidance that link strategy, business plans, expenses and earnings outcomes.
Work with the Senior Manager - Reporting & Planning to ensure the consistent understanding and operation (in Europe's markets) of robust budgeting, forecasting, business planning and MI processes, systems and controls for expenses and earnings as part of the business control cycle.
Oversee the production and presentation of standard MI on the aggregated Europe-level expense base (run and change), earnings drivers and business plan metrics, ensuring data is accurate, insightful and timely.
Lead the production of Finance owned slides and information for key governance and reporting forums (e.g. ELT, CLG Board), clearly articulating expense, earnings and business plan implications.
Expense, earnings and business plan management
Oversees the preparation of the annual operating expense budget for CLG (the Europe level legal entity), ensuring it coherently supports the multi year business plan and earnings targets.
Reviews and challenges the preparation and consolidation of market level plans into a coherent Europe level business plan, ensuring expense and earnings assumptions are realistic, consistent and aligned to strategy.
Oversee in year tracking and review / challenge of actual expenses (run and change) and earnings against budget and business plan, including variance analysis and forward looking opex, expense and earnings forecasts.
Ensure the construct, maintenance and use of balance sheet provisions to fund strategic initiatives are appropriate, controlled and aligned with business policy, strategy, earnings objectives and business plan commitments. .
Business cases, efficiency and plan alignment
Oversee an accountant in their review and challenge of Europe level business cases and funding requests to ensure alignment with the business segment's strategy, financial plans, business plan commitments, expense targets and earnings ambitions.
Where proportionate, work with Executive and Operational Sponsors and steering groups to validate and, where necessary, challenge budget, forecast, benefit realisation and earnings impact assumptions so that expense, benefit and business plan targets are met.
Lead ad hoc reviews and projects to identify cost savings, efficiency opportunities
Additional Information
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.
Purpose of the role:
This is a Senior role within the Financial Performance, Europe team responsible for driving a cost conscious, commercially minded culture and ensuring that the 'story' of the Europe expense base, earnings profile and business plans are clearly and accurately articulated and are fully aligned to the Europe Strategy and business priorities.
The role holder will lead the operation of robust budgeting, forecasting, expense management within CLG / Europe-level business activity and business planning processes in accordance with principles set by the Lifeco parent company and processes / milestones agreed with the Senior Manager / Reporting & Operations. It provides complete, accurate and timely strategic insight on expenses, earnings drivers and business plan delivery at a consolidated Europe-level to support effective decision making by the European Leadership Team (ELT), senior leadership and Lifeco.
Efinancialcareers · London, UK