Job Title: Pensions Finance Manager
Band: 3
Salary: Circa £70,000 depending on skills, knowledge and experience.
Location: Palestra/Hybrid
Hybrid working within this role enables a balance of 50% of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.
Job Purpose
* investment transactions are correctly processed and recorded by the Fund's Global Custodian and correctly reflected in the Fund's nominal ledger
* payments and receipts are correctly processed and recorded
* cash and bank accounts are effectively controlled and reconciled
* nominal ledger accounts are reconciled.
Key Accountabilities
* Accountable to the Pensions Finance Lead
* Providing full financial accounting support ensuring appropriate accounting policies are in place
* Support the preparation of the Fund's Annual Reports and Accounts and annual budget
* Support the preparation of the Fund's cash flow and quarterly financial and investment reports for review by the Trustee Board
* Carrying out periodic financial reporting and analytics
* Preparing supporting schedules to the Fund's year end accounts
* Monitoring investment transactions against compliance with the agreed criteria as set out in the Investment Managers' and the Global Custodian mandates
* Ensuring all investment transactions are correctly processed and recorded by the Global Custodian and Investment Managers
* Managing processes to ensure that all payments are made in accordance with TfL Pension Fund procedures
* Maintaining and operating financial systems and procedures for the Fund's sectionalised structure to facilitate the unitisation of the Fund's assets and the calculation of quarterly unit prices
* Preparing the Fund's tax, VAT, Office of National Statistics and other statutory returns
* Manage the performance of a team
* Manage the Fund's cash flow to ensure all payments; benefit payments, invoices and investment payments are made in a timely manner
* Treasury function of the Fund and work closely with the in-house investment team, investment managers and the Global Custodian on investment transactions.
Skills
* Recognised accounting (CCAB or equivalent) qualification or substantial progress towards one
* Analysing and interpreting data (EXPERIENCE)
* Excel (EXPERT)
Knowledge
* Investment accounting
* Financial accounting systems
* Accounting standards, SORP reporting requirements
* The legal and tax law regarding pensions and finance
Experience
* Experience in Pension accounting and Investment accounting
* Substantial experience of reviewing and reconciling Global Custodian investment accounts to Investment Managers' reports
* Substantial experience of reviewing and reconciling account balances on computerised systems
* Experience of taking accounting, systems or process issues to resolution.
Equality, diversity and inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
Benefits
* Final salary pension scheme
* Free travel for you on the TfL network
* Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
* 30 days annual leave plus public and bank holidays
* TfL is committed to work‑life balance, operating a hybrid working approach where business and role requirements allow.
* Private healthcare discounted scheme (optional)
* Tax‑efficient cycle-to-work programme
* Retail, health, leisure and travel offers
* Discounted Eurostar travel
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