You will be part of a small team of financial accountants for the Barclays Bank UK Retirement Fund (UKRF) pension fund (c200,000 members and c£24bn of assets), responsible for providing financial accounting and administrative support to the UKRF and Barclays Pensions and Benefits cost centres, including:
* Review of the quarterly and year-end statutory pension fund investment accounting schedules, regulatory and tax reporting, and financial operations (in line with pension scheme accounting standards) prepared by the scheme accountants.
* Produce the annual budget for the pension scheme, and maintain budgetary and cost control information including the production of cost reporting and budget related papers.
* Provide operational support on financial, investment, and tax activities including related projects.
Key Accountabilities
Review and analyze pension scheme accounting functions and tax processes, including:
* Reconciliation of investment records to ensure accurate financial information, liaising with investment managers and custodians.
* Review the scheme’s annual report and financial statements, liaising with external auditors and stakeholders.
* Assist with quarterly VAT returns and tax documentation.
* Manage the production of annual reports and financial statements for investment entities.
* Manage relationships with key suppliers such as custodians, auditors, and tax advisors.
* Support the preparation of governance committee papers on financial and tax activities.
Support budget and cost management activities, including:
* Producing the scheme’s annual expenses budget and related reports.
* Providing monthly and quarterly budget reports with variance and trend analysis.
* Assisting with MI for the Pensions and Benefits cost centres.
Ensure compliance with regulatory requirements, the UKRF’s Risk Management Framework, and Barclays’ policies, including:
* Designing, documenting, and operating financial investment controls.
* Providing attestations for control operations.
* Reviewing and approving invoices and expenses.
Essential Skills/Qualifications
* Professional accounting qualification – ACCA, ACA, CIMA.
* Knowledge of investment asset classes and valuation methodologies.
* Strong analytical skills with large financial data sets.
* Proficiency in Microsoft Office, especially Excel.
* Experience in financial management and control within a regulated environment.
Desirable Skills
* Knowledge of pension scheme accounting.
Purpose of the role
Manage financial operations, ensuring accurate and reliable financial reporting.
Accountabilities
* Prepare and present accurate financial statements in accordance with standards.
* Identify and mitigate financial risks, reporting to senior colleagues.
* Develop internal controls to safeguard assets and ensure data accuracy.
* Develop and implement financial policies and procedures.
* Manage financial systems and software, collaborating with IT.
* Prepare statutory and regulatory reports and support audits.
Assistant Vice President Expectations
* Provide advice on complex issues and support risk mitigation.
* Manage risk and strengthen controls.
* Coordinate with other areas to support organizational objectives.
* Analyze data from multiple sources to solve problems.
* Communicate complex information effectively.
* Influence stakeholders to achieve outcomes.
All colleagues are expected to embody Barclays’ values and mindset, promoting respect, integrity, service, excellence, stewardship, and empowerment.
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