Transaction Management - Life & Annuity Funds, Senior Analyst

State Street
London, England
Not disclosed
05 Jul 2021
05 Aug 2021
Approved employers
Approved employer
Contract type
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


  • 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


  • 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’)


  • Poor service delivery of client information requirements


  • 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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