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Senior Analyst, Derivatives Accounting

At Sun Life, we work together, share common values and encourage growth and achievement. We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your talents shine.

Job Description:

About the business

The Derivatives Accounting team within Investment Finance is responsible for the financial accounting, analytics and reporting for Sun Life’s C$52 billion global derivatives portfolio. The portfolio includes interest rate swaps, cross-currency swaps, credit derivatives, equity swaps, futures, floors, FX forwards, options, bond forwards and total return forwards.

About the role:

Reporting to the Director, Derivatives Accounting, the role of Senior Analyst directly supports the monthly, quarterly and annual close processes of the Derivatives team, including production, analysis and reporting of the financial results on IFRS, NAIC, regulatory, tax and management bases. Deliverables from this team are highly visible to senior management, requiring strong technical proficiency, analytical insight and operational efficiency to meet the requirements.

Responsi bilities

•Primary accountability for IFRS financial statements and reporting.

•Execute monthly, quarterly and annual financial close processes including journal entries, reconciliations, reporting and analytics.

•Monthly, quarterly and ad hoc reporting from Derivatives Data Mart (using WEBI) to support financial statement notes, MD&A, regulatory requirements, position roll forwards, cash flow reporting, and management analysis and reporting.

•Preparation of monthly, quarterly and ad hoc analytics to quantify and explain derivatives activity and market impact on valuation.

•Prepare/review hedge accounting journal entries, effectiveness testing and reporting, including with third party service provider (Reval).

•Prepare/update process documentation, execute and provide audit support for S-Ox financial controls.

•Prepare working papers and support audit requests from both internal and external auditors.

•Understand accounting policies, procedures, systems and controls to ensure that the financial reporting is compliant with governing accounting and regulatory requirements.

•Leverage Data Mart reporting tools and functionality to meet business requirements and enhance operational efficiency.


• Bachelor’s degree in Finance or Accounting with equivalent experience

Professional accounting designation – Canadian CPA (CA, CMA, CGA), US CPA or equivalent; or

•CFA designation or enrolment is an asset.

•3-5 years of related experience in the life insurance or financial services industry

Experience with global consolidated accounting and reporting as well as reporting using different data sets.

•Strong Excel and macro skills as well as strong analytical and general ledger analysis skills.

•Strong applied knowledge of IFRS for financial instruments; NAIC accounting knowledge is an asset.

•Knowledge of, or previous experience with, various derivative contracts, derivative operations and derivative valuation is an asset.

•IFRS accounting and reporting experience for financial instruments, including preparation of material to support financial statement notes and MD&A; derivatives experience is an asset.

•WEBI database reporting and analysis and derivatives systems experience is an asset.

•Hedge accounting experience is an asset.

Preferred Skills:

•Strong written and oral communication skills.

•Demonstrated ability to work independently, with the ability to prioritize and multi-task in meeting tight timelines for deliverables.

•Demonstrated ability to work in time sensitive, dynamic environments with complex hand-offs.

Some travel may be required to meet with business partners in other Sun Life locations (e.g. Toronto, ON and Wellesley, MA).

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to [email protected]

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted

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