Business Finance Analyst

Business Analyst - We're currently recruiting for a Fund Accounting Analyst to join our fund accounting team to provide a comprehensive range of business analysis services to support delivery of the change portfolio and the business outcomes outlined in the business cases.

Salary: £32-38k. Annual bonus 8-16%, 10% Non-Contributory Pension (matched up to a further 2%), 38 days holidays
Job Type: Permanent
Location: Wythall, Birmingham
Job Contact: 0131 245 1000
Closing Date: 30/09/2022

We have an incredible opportunity to join us here at Phoenix Group as a Business Finance Analyst in our Fund Accounting team.
Who are we?
We want to be the best place that any of our colleagues have ever worked.
We are the UK's largest long-term savings and retirement business with c.13 million customers and c.£300 billion of assets under administration. As a market leader and FTSE100 organisation, we understand that our scale and expertise means that we have a key role to play for our customers, colleagues and our communities to help as many people as possible secure a life of possibilities. We are tackling key environmental and social issues such as transitioning our portfolio to net zero by 2050 - but we're not done yet.
We've seen huge growth and change, and this means there is enormous opportunity for our 7,000 colleagues to grow alongside us.

Description of role
- To be responsible for the preparation and delivery of high quality and timely financial management information for allocated funds and processes.
- To ensure the integrity of the all policy accounting, bank related transactions, expenses and reporting adjustments for IFRS and sii etc... for all allocated funds into the general ledger.
- To communicate effectively with key stakeholders to ensure the timely clearance of suspense items, reconciliation of outstanding items and to make process improvement/fixes to eradicate route causes.
- Work closely with wider team to support completion of key organisational objectives.

Key Responsibilities

- To produce reliable and accurate review of Trial Balance for allocated funds including: Reconciliation status with high level commentary, ensuring adherence to the controls guidelines.
- Liaise with the Fund Accountants to obtain the information required and challenge the information provided and ensure it is of the standard required in delivering information to Senior Management.
- Follow a continuous process improvement approach in the role you undertake.
- Improve financial awareness and knowledge throughout the team.
- Provide accurate and timely information to, and support and build strong relationships with our key stakeholders.
- Support Fund Accountant in clearing Financial Control issues.
- Process GL adjustments for the allocated fund, ensuring full understanding of the processes and balances.
- Assist the Fund Accountant in the completion of internal and external financial information such as Analytical Review packs, regulatory returns and reporting period deliverables.
- Investigation of unusual items/balance.
- Complete review of OSP reconciliations, ensure processes are fully understood and question unusual/ unexpected balances and ensure clearance of reconciling differences. Highlight areas of concern in the monthly review meetings.

What We're Looking For

A proactive and tenacious individual with a keenness to learn and confidence to communicate and work as part of a wider team.
Essential
- Experience in using Excel and ledger based software such as (Oracle, SAP etc...)
- Qualified or studying for accountancy qualification.
- Double entry book keeping basics.
- Language - English

Desirable
- Financial services experience.
- Understanding of long term savings business.

What We Offer

Bring your 'whole self', skills and dedication to the Phoenix Group and we'll recognise your effort, support your development and help to drive your ambition. We'll ensure you're rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.

Join us and you join a unique organisation. It's not just the 14 million policyholders we serve, or the £300 billion of assets we look after. Or that we're a FTSE 100 company that has been listed as one of the UK's Top Employers for nine years running. It's our talented, inclusive and diverse workforce that makes us a success. We offer flexible working opportunities ensuring we attract and retain the very best of talent. Find out about more about our people's stories, our values and our commitment to Diversity.

Key Competencies

- Communication Skills
- Analytical Skills
- Information Seeking
- Stakeholder Management
- Working Across Boundaries
- Checking and Reporting
- Managing Risk

Online Interviews and Onboarding

All our interviews, onboarding and new joiners are now managed remotely. We have in place a strong virtual support network to ensure new colleagues are supported and developed as they navigate their first few months with us

About Us

Phoenix Group is a member of the FTSE 100 index and is the UK's largest long-term savings and retirement business. We specialise in the acquisition and management of Heritage life insurance and pension funds. We've businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe. Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand. And we market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife's market leading Guaranteed Over 50's plan? Find out more about Phoenix Group here.

We value diversity in our workforce and welcome enquiries from everyone.