Securities Accountant – Cardiff recruitment
The Finance Department of the Pension Scheme is responsible for maintaining the Scheme’s accounts for property investments, administration costs, contributions and benefits, overseeing the maintenance of the investment accounts, consolidation and financial reporting, co-ordinating and monitoring third party providers, operating the pensioner payroll, liaising with auditors and reporting to HMRC.
The Pension Scheme operates within BBC People, reporting to the Scheme’s Trustees.
You will oversee the maintenance of the securities accounting and co-ordinate and monitor the reporting functions of the key third providers: record keeper, custodian and fund managers.
You will monitor and liaise with the providers to ensure the safekeeping and appropriate accounting of the Scheme’s assets.
You will also review the cash reconciliation prepared by the record keeper and complete the reconciliation between the accounting system and bank statements, ensuring that reconciling items are resolved. Alongside this, you’ll review the reporting of derivative transactions and balances and undertake other reconciliations and resolve differences.
You will also assist with the supervision and training of the investment accountant.
You will annually schedule monthly withdrawals from fund managers and issue monthly instructions.
You’ll ensure Commission Recapture, Stock lending and cash management rebate receipts are banked and authorise/ pay fund manager fees.
You will also validate custody fees to tariff, update custody fee summary and agree fees to bank statements. Alongside this, you will deal with monthly and quarterly management accounts, and budgeting.
You will be a fully qualified accountant (ACA/CIMA/AACA or equivalent) preferably with experience of pension scheme accounting.
You will have previous auditing experience and be able to demonstrate a good understanding of the basic investment principles.
You will also have strong book-keeping experience, able to identify significant from non-significant reconciling items and be able to discuss differences with others to obtain adequate explanations. Alongside this, you’ll be able to monitor and record asset transaction activity on a near real time basis and identify and escalate/resolve issues as they arise.
You will also be able to prepare, present and interpret monthly management accounts and interpret figures and variances and convey their significance. Along with excellent interpersonal skills, you will be able to maintain strong working relationships with the record keeper, custodian and managers, and attend quarterly and annual service review meetings in London and Edinburgh.
You’ll be able to develop the role to encompass wider aspects of the investment accounting function with the ability to initiate and implement changes. Furthermore, you will demonstrate a keen interest in financial markets/investments.
Closing date: 9 April 2012.