Assistant Manager Investment Accounting & Operations Bristol, England
Lloyds Banking Group
Full Time
Bristol, England
45198 - 50220 GBP ANNUAL Today
Job description
End Date
Thursday 15 June 2023
Salary Range
£45,198 - £50,220Agile Working Options
Job Description Summary
Within the Bank's Insurance, Pensions and Investments’ Finance division, Investment Accounting & Operations (IA&O) is responsible for the data, systems and reporting of financial instruments held in Scottish Widows Insurance and Investment Funds. The team has Finance Subject Matter Experts (SMEs) that cover investment fund accounting, accounting for financial instruments, Group Reporting of Investment Funds (using LBG ledgers and consolidation systems) and Regulatory Reporting (Insurance specific). The team also distributes investment data to internal teams for use in actuarial models and risk monitoring. We lead all aspects of our outsourced Investment Fund administrator State Street, and the source accounting feeds into LBG ledgers.The team is responsible for the production of several notes in the Scottish Widows Limited financial statements and monthly, quarterly and annual statutory reporting, and Solvency II (SII) reporting. We also produce several Business Reporting Units (BRUs) along with analytical reviews. We're responsible for an investment Asset Data Warehouse, so an interest in Data Management and Business Intelligence tools would be helpful. The role has no direct report responsibilities but as an assistant manager you'll be encouraged to lead on specific areas of work to achieve common goals. You'll not be expected to cover all of the above areas!
Job Description
In line with our Group values, this is what we want you to do!
- Positively influence others by demonstrating core Lloyds Banking Group values and behaviours
- Assist with the implementation of robust processes aligned to short term business objectives
- Handle and minimise operational risks by operating complex reconciliation and control processes
- Establish and form relationships and build links with partners to support the provision of quality and timely information and analysis to inform business decisions
- Proactively oversight and handle activity delivered by third party fund management and accounting service providers
- Effectively work within and maintain internal networks for the purpose of optimising business results
- Support agreed change projects to deliver continuous improvement
- Typically, the jobholder would be a qualified or part qualified accountant (ACCA or equivalent). Alternatively, you could have the same level of expertise, acquired through substantial experience in an investment or funds operational or accounting function
- You'll have scope to plan and prioritise your own workload, including liaison with colleagues in other functions
- Partner influence up to Grade G (Head of Department level)
- You'll be assisting with the management of sophisticated processes in terms of scale, scope and specialism with a cross-divisional impact and be a recognised subject matter expert.
Responsibilities will include:
- Reviewing and editing data in the Solvency II (SII) Quantitative Reporting Templates (QRTs)
- Reconciling breakdowns of investment assets to ledger data
- Enriching the group reporting system (GDRS) with investment asset data for various reporting units
- Monthly and quarterly reporting of investment assets including bonds, equities, mutual funds, derivatives and loans
- Ad hoc work including property company payments, VAT return coordination for property companies, and regulatory returns
- Continuous improvement of processes
- We value learning and development so you’ll have the chance to be involved in other work in the team which may include property investment reporting, other derivative reporting and collateral reporting. Cross team training will also be offered on monthly, quarterly and annual Open Ended Investment Company (OEIC) consolidation processes, including analytical review, enrichment for Business Reporting Units (BRUs) and statutory disclosures
- Knowledge of Fusion and GDRS would be an advantage, but not essential as there will be training provided
- Knowledge of IFRS and SII requirements for the reporting of investment assets would be an advantage
- We’d like to see a candidate who is proficient in Excel and having knowledge of Tableau would be a bonus.
We're dedicated to giving you opportunities and support to develop you both professionally and personally to optimise your potential! As a new colleague to the team, you’ll join us on our journey to build a 21st century bank that reflects modern Britain and craft an inclusive culture where all colleagues feel encouraged and valued. We're also passionate about diversity and equal opportunity with industry recognition across gender, ethnicity, disability, LGBTQ+ and families. And, being disability positive, reasonable adjustments can be accommodated in our Recruitment process, just let us know.
We work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
