Transaction Management - Life & Annuity Funds, Senior Analyst

Recruiter
State Street
Location
London, England
Salary
Not disclosed
Posted
05 Jul 2021
Closes
05 Aug 2021
Ref
R-671004
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Purpose of Role

  • Provide service to M&G departments and TPAs.
  • To ensure that all information (eg. cash balances) are correct on Aladdin. This will be through extensive review of cash reconciliation between our system & the bank/TPA
  • Process inspecie instructions on Aladdin and ensure timely settlement at custody

Job & Personal Skills

Job Skills

  • Attention to detail imperative
  • Good knowledge of unit pricing and CIS.
  • Awareness of the role of the TPA
  • Ability to work to strict deadlines
  • Knowledge of inspecie transfers

Personal Skills

  • Good communication
  • Time Management
  • Self starter

Qualifications

  • None specifically required however it’s beneficial to have or be studying the following:
  • Securities Institute IOC or
  • Investment Management Certificate (IMC)

Knowledge & Experience

  • Unitised funds administration, accounting and unit pricing
  • Investment markets, instruments and products

Key Responsibilities/Deliverables

  • Project management – ensure that any team specific tasks in relation to projects are completed.
  • Represent the team when appropriate at meetings regarding projects affecting the team, fund launches and in specie transfers
  • Work closely with team to ensure that all tasks are completed in the most efficient way. Participate in projects to amend /automate team processes where possible
  • Provide training/mentoring to new staff members. Ensure that all procedures are up to date prior to start date
  • Assure the integrity of the data on the Fund Management System (Aladdin)
  • Answer queries from Fund Managers, Custodians and Fund Accountants
  • Plan and execute in-specie transfers
  • Ensure that there is open and on going dialogue with all internal and external contacts in respect of the above activities
  • Build operational processes to support product development
  • Investigate and log CASS 8 overdraft breaches

Financial

  • Incorrect processing of client business.
  • Investment managers act on incorrect information.
  • Pricing errors (through provision of incorrect data to TPA)
  • CASS breach (o/d on a fund where the IMA states ‘no borrowing’)

Reputational

  • Poor service delivery of client information requirements

Other

  • Manual and high volume processes

Key Measures

  • The number and age of outstanding queries (mailbox management)
  • Feedback from regular meetings with clients / suppliers.
  • Regular 1:1 with manager and direct reports to ensure that deadlines are met
  • Volume of ORENs and response, i.e. mitigation of processes
  • JIRA dashboards

Key Controls

  • Segregation of duties between production and review
  • Production of MIS
  • Comprehensive procedures/ Tick sheets.
  • Monthly team meetings and regular 1:1 with manager so that any aged/key issues can be escalated & resolved

For further information, and to apply, please visit our website via the “Apply” button below.

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