Life & Pensions Accountant

Closing Date: 08/07/2022

Department: STM Fidecs Central Services Ltd (STM Group: Gibraltar based Group entities)

Location: Gibraltar

Reporting to: Finance Director/Finance Controller  

Direct Reports: None


Job Objective

To support the life and pensions Finance department to deliver service, achieved by ensuring the financial integrity of all financial transactional processes. This will include the preparation of financial statements for pension schemes, preparation of the management accounts; preparation of the valuation of investments, the reconciliation of the movement of client money and investments for occupational pensions; supporting the life and pensions business with internal and external enquiries, reporting, and attending meetings as required.

Key Responsibilities

  • Preparation of monthly management accounts and production of monthly management information.
  • Assist with preparation of budgets and various analysis.
  • To prepare bank reconciliations, intercompany and any other reconciliation required on a timely basis.
  • To assist with the cashflow and treasury function by monitoring incoming funds and payments due.
  • To ensure that all monthly postings and recharges are on the system on a timely basis to ensure monthly management accounts can be prepared within the required deadlines.
  • To issue reports for the billing and cash collections process as required. To assist in ensuring invoicing is completed on a timely basis for relevant entities.
  • Support Finance Manager/Finance Controller in all tasks associated with Regulatory and Statutory Reporting.
  • Preparation of financial statements based on a range of relevant information.
  • Lead the liaison with the department’s external auditors and other advisors ensuring all pension plans’ financial statements as required are reconciled and signed off within appropriate reporting timescales.
  • Reconciliation of pension scheme contributions and investments.
  • Review of files to ensure that transactions are properly reflected in the books of account and that transactions have been appropriately authorised.
  • To ensure client accounts transactions are posted and maintained on the department’s database to produce accurate AUM, asset accumulation and up to date valuation reports and analysis.
  • Review and update of client ledgers in accordance with work programmes.
  • To assist with the preparation and review of the relevant investment returns as required.
  • Provide management information as requested.
  • Monitor and manage the aged debt in accordance with approved process and report monthly on relative position and root cause analysis.
  • Preparation and assist with the valuation process of various investments.
  • To ensure that internal accounting systems, processes and controls conform to accepted accounting principles and are robust and support the business needs.

Key Competencies

  • Able to work independently and within a team environment with a flexible and adaptable attitude towards delivery of processes and controls that conform to accepted accounting principles.
  • Capturing and understanding thoroughly accounting and regulatory requirements.
  • High level of analytical and communication skills to critically evaluate information gathered from multiple sources and disseminate to a wide audience with differing knowledge levels.
  • Ability to build relationships with colleagues and all key stakeholders across the business and good influencing skills to communicate business and technical information to intended audiences.


Role Specification

Qualifications

Essential:  

  • Business related degree (minimum 2nd class) or equivalent professional qualification
  • Part CIMA or ACA qualified 
  • Microsoft excel intermediate (minimum) 

Skills: 

  • Numerate
  • Attention to detail
  • Analytical & problem-solving skills
  • IT literate
  • Organisational and time management skills
  • Strong written and verbal communication skills
  • Interpersonal skills

Knowledge: 

  • Financial Services environment
  • Methods of interpreting, analysing and presenting financial information
  • Understanding life and pensions accounting requirements

Experience: 
Experience working in a financial services environment within a diverse range of business teams:

  • Preparation of pension scheme reports and financial statements
  • Analysing and interpreting key information as part of accounting and finance legislation
  • Identifying and recommending appropriate solutions to meet business requirements
  • Analysing current competition and markets

Key Interfaces:

  • Finance department.
  • Peer group within the department.
  • STM Group plc colleagues.
  • Auditors.


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