Pensions Accountant

Department: STM Fidecs Life, Health and Pensions

Location: Gibraltar

Reporting to: Financial Controller 

Direct Reports: None


Job Objective

 To support the pensions department deliver a first-class administration service, achieved by ensuring the financial integrity of all financial transactional processes. This will include the preparation of pension scheme reports and financial statements; the reconciliation of the movement of client money and investments; the management of fee collection and aged debt; oversight of tax reporting, and supporting the pensions business with internal and external enquiries, reporting and attending meetings as required. 

Key Responsibilities

  • Preparation of pension scheme reports and 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
  • To manage the client accounts daily and ensure these are reconciled at all times.
  • 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.
  • Issue timely reports for the invoice and collection process with relevant analysis for errors and omissions.
  • Oversee the tax reporting process to ensure statutory timescales are met.
  • Provide management information as requested.
  • Monitor and manage the aged debt in accordance with the approved process and report monthly on the relative position and root cause analysis.
  • Act as a source of knowledge for the appropriate accounting treatment of unusual transactions.
  • To ensure that internal accounting systems, processes, and controls conform to accepted accounting principles and are robust and support the business needs.
  • Coach, guide and support team members to enable them to be effective in their roles and encourage their personal development.

Key Competencies

  • Able to work independently and within a team environment with a flexible and adaptable attitude towards the 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, ACCA 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, preferably pensions and relevant regulatory authority 
  • Methods of interpreting, analysing and presenting financial information 
  • Understanding pensions accounting requirements and linked taxation regulations 

Experience: 
3 years’ 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 

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