At a Glance
- Tasks: Manage and develop the TfL Pension Fund's financial accounting system and processes.
- Company: Join a forward-thinking organisation committed to equality and diversity.
- Benefits: Enjoy a competitive salary, free travel, and 30 days annual leave.
- Other info: Great career growth opportunities in a dynamic and inclusive environment.
- Why this job: Make a real impact in finance while enjoying a hybrid work-life balance.
- Qualifications: Recognised accounting qualification and experience in pension and investment accounting.
The predicted salary is between 70000 - 70000 £ per year.
Salary: Circa £70,000 depending on skills, knowledge and experience. Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.
Job Purpose
This role is responsible for managing, controlling and developing the TfL Pension Fund's financial accounting system, investment accounting, records and processes to ensure achievements of the following in accordance with TfL Pension Fund procedures and deadlines:
- 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 of investment accounting.
- 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.
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
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:
- 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).
- Retail, health, leisure and travel offers.
Pensions Finance Manager employer: Future of London
As a Pensions Finance Manager at TfL, you will be part of an inclusive and diverse work culture that values your expertise and promotes professional growth. With a competitive salary and excellent benefits such as a final salary pension scheme, free travel on the TfL network, and a hybrid working model, TfL offers a supportive environment that prioritises work-life balance and employee well-being, making it an exceptional employer in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Pensions Finance Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and pensions sector. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research common questions for Pensions Finance Manager roles and practice your answers. Use the STAR method (Situation, Task, Action, Result) to structure your responses and showcase your experience effectively.
✨Tip Number 3
Show off your skills! Bring along examples of your work, like reports or analyses you've done in the past. This will help you demonstrate your expertise in investment accounting and financial reporting during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Pensions Finance Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pensions Finance Manager role. Highlight your relevant experience in pension and investment accounting, and don’t forget to showcase your skills in Excel and financial reporting.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that align with the job description and show us your passion for finance and pensions.
Showcase Your Qualifications:Don’t hold back on your qualifications! If you have a CCAB or equivalent qualification, make sure it’s front and centre. We want to see how your education and training make you a strong candidate for this position.
Apply Through Our Website:We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Future of London
✨Know Your Numbers
As a Pensions Finance Manager, you'll need to be comfortable with financial data. Brush up on your investment accounting knowledge and be ready to discuss how you've managed financial systems in the past. Prepare specific examples of how you've reconciled accounts or handled complex financial reporting.
✨Excel is Your Best Friend
Since this role requires expert Excel skills, make sure you can demonstrate your proficiency. Be prepared to talk about advanced functions you've used, such as pivot tables or VLOOKUPs, and how they've helped you analyse data effectively in previous roles.
✨Understand the Compliance Landscape
Familiarise yourself with the legal and tax laws regarding pensions and finance. During the interview, show that you understand the compliance requirements for investment transactions and how you've ensured adherence to these in your past experiences.
✨Team Management Matters
This role involves managing a team, so be ready to discuss your leadership style. Share examples of how you've motivated your team, resolved conflicts, or improved processes. Highlight any experience you have in training or mentoring others in financial practices.
