Pensions Finance Manager

Role Overview

• Managing, controlling and developing the TfL Pension Fund's financial accounting system, investment accounting, records and processes
• Providing full financial accounting support ensuring appropriate accounting policies are in place
• Supporting the preparation of the Fund's Annual Reports and Accounts and annual budget
• Supporting the preparation of the Fund's cash flow and quarterly financial and investment reports for review by the Trustee Board
• Carrying out periodic financial reporting and analytics
• Preparing supporting schedules to the Fund's year end accounts
• Monitoring investment transactions against compliance with the agreed criteria as set out in the Investment Managers' and the Global Custodian mandates
• Ensuring all investment transactions are correctly processed and recorded by the Global Custodian and Investment Managers
• Managing processes to ensure that all payments are made in accordance with TfL Pension Fund procedures
• Maintaining and operating financial systems and procedures for the Fund's sectionalised structure to facilitate the unitisation of the Fund's assets and the calculation of quarterly unit prices
• Preparing the Fund's tax, VAT, Office of National Statistics and other statutory returns
• Managing the performance of a team
• Managing the Fund's cash flow to ensure all payments; benefit payments, invoices and investment payments are made in a timely manner
• Treasury function of the Fund and working closely with the in-house investment team, investment managers and the Global Custodian on investment transactions.

Requirements

• Recognised accounting (CCAB or equivalent) qualification or substantial progress towards one
• Analysing and interpreting data (EXPERIENCE)
• Excel (EXPERT)
• Knowledge of Investment accounting
• Knowledge of Financial accounting systems
• Knowledge of Accounting standards, SORP reporting requirements
• Knowledge of legal and tax law regarding pensions and finance
• Experience in Pension accounting and Investment accounting
• Substantial experience of reviewing and reconciling Global Custodian investment accounts to Investment Managers' reports
• Substantial experience of reviewing and reconciling account balances on computerised systems
• Experience of taking accounting, systems or process issues to resolution.

Benefits

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel