Finance and Risk - FTSE listed

Phillips Grant Associates are assisting a FTSE listed entity to recruit for a member of the Finance and Risk team who work within the UK Pensions Department (no previous exposure to pensions is required). This is an exciting time to join the team as they are restructuring to enable individuals to have more defined responsibilities. The team currently work Monday and Wednesday in the office and the rest of the week at home.

Some of the key areas of responsibility will include:

Budgeting

• Responsible for delivery of the annual budget setting process in accordance with agreed timescales to meet Committee and Trustee meeting dates.
• Responsible for arranging meetings to be held with project owners to agree routine and project costs for the forthcoming year.

Cost reporting

• Responsible for the monitoring of actual costs against budget set, meeting with project owners to agree re-forecast numbers for the current year and understand/document variances against budgets.
• Responsible for requesting recharges where costs have been misallocated.
• Responsible for providing project owners with the project cost information to enable accruals to be identified.
• Accountable for the quarterly accruals process in accordance with company deadlines.
• Accountable for completeness of reporting including work of other team members e.g. the accruals process.
• Responsible for obtaining the required journal approvals (based on journal value) and submissions completed in accordance with agreed deadlines.
• Responsible for reporting costs quarterly to UK management team and each committee or Trustee Board.
• Responsible for monthly reporting against budget of the key cost centres.

Sarbox

This relates to the "Asset returns" controls only.

• Responsible, with the Pensions Manager - Finance and Risk, that the RACM controls are accurately documented.
• Responsible for ensuring that the RACM controls are operating as stated throughout the year.
• Responsible for ensuring that deliverables requested by both the internal and external auditor are provided on time.

Risk register testing

• Responsible for quarterly risk register testing with appropriate challenge and reporting the results with any recommendations.

IAS19

• Responsible for quarterly reporting asset return information on work day 1-3 for both Funds.

Pension scheme accounting

• Accountable for ensuring that the nominal ledger is up to date and fully reconciled.
• Responsible for reviewing the weekly bank reconciliation.
• Responsible for posting the quarterly journals for investment transactions and admin fee recharges.
• Responsible for the preparation of half yearly management accounts and full year statutory accounts.
• Responsible for underlying working papers supporting half yearly and annual accounts.
• Act as day to day contact for the external auditor.
• Responsible for ensuring that deliverables requested by the external auditor are provided on time.
• Responsible for timely closing out auditor queries raised or requesting information from other colleagues in order to do so. Escalation of any significant matters to the Pensions Manager - Finance and Risk.

Assisting the team

• Daily cash management. Cash management is shared across the team with each team member responsible for the process 1-2 days a week. Identification of surplus cash and arranging deposits overnight or to a liquidity fund. Approval of deposits (within specified limits) when prepared by another member of the team.
• Monthly cash flow reporting and request of funds.

Package includes:

• 25% of salary given as a benefit which you can take as cash or put entirely in your pension.
• 7.5% bonus.
• Share scheme.
• Full benefits detailed on successful application.