End Date
Monday 20 February 2023
Salary Range
£38,632 - £48,290
Agile Working Options
Other Agile Working Arrangements / Open to Discussion
Job Description Summary
This is role for an Assistant Manager Grade D in the Investment Accounting & Investment Reporting Team within IP&I Finance, with a focus on the reporting of investment assets.
Job Description
Within the Bank's Insurance, Pensions and Investments’ Finance division, Investment Accounting & Operations (IA&IO) is responsible for the data, systems and reporting of financial instruments held in Scottish Widows Insurance and Investment Funds. The team has Finance Subject Matter Experts (SMEs) that cover investment fund accounting, accounting for financial instruments, Group Reporting of Investment Funds (using LBG ledgers and consolidation systems) and Regulatory Reporting (Insurance specific). The team also distributes investment data to internal teams for use in actuarial models and risk monitoring. We lead all aspects of our outsourced Investment Fund administrator State Street, and the source accounting feeds into LBG ledgers. The team is responsible for the production of several notes in the Scottish Widows Limited financial statements and monthly, quarterly and annual statutory reporting, and Solvency II (SII) reporting. We also produce several Business Reporting Units (BRUs) along with analytical reviews. We're responsible for an investment Asset Data Warehouse, so an interest in Data Management and Business Intelligence tools would be helpful. The role has no direct report responsibilities but as an assistant manager you'll be encouraged to lead on specific areas of work to achieve common goals. You'll not be expected to cover all of the above areas!
In line with our Group values, this is what we want you to do!
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Positively influence others by demonstrating core Lloyds Banking Group values and behaviours
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Assist with the implementation of robust processes aligned to short term business objectives
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Handle and minimise operational risks by operating complex reconciliation and control processes
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Establish and form relationships and build links with partners to support the provision of quality and timely information and analysis to inform business decisions
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Proactively oversight and handle activity delivered by third party fund management and accounting service providers
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Effectively work within and maintain internal networks for the purpose of optimising business results
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Support agreed change projects to deliver continuous improvement
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Typically, the jobholder would be a qualified or part qualified accountant (ACCA or equivalent). Alternatively, you could have the same level of expertise, acquired through substantial experience in an investment or funds operational or accounting function
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You'll have scope to plan and prioritise your own workload, including liaison with colleagues in other functions
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Partner influence up to Grade G (Head of Department level)
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You'll be assisting with the management of sophisticated processes in terms of scale, scope and specialism with a cross-divisional impact and be a recognised subject matter expert.
Responsibilities will include:
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Reviewing and editing data in the Solvency II (SII) Quarterly Reporting Templates (QRTs)
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Reconciling breakdowns of investment assets to ledger data
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Enriching the group reporting system (GDRS) with investment asset data for various reporting units
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Monthly and quarterly reporting of derivatives and loans
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SII reporting
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Producing work that is input into the Scottish Widows financial statements
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Adhoc work including property company payments, VAT return coordination for property companies, and regulatory returns
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Continuous improvement of processes
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We value learning and development so you’ll have the chance to be involved in other work in the team which may include property investment reporting, derivative reporting and asset listing production. Cross team training will also be offered on monthly, quarterly and annual Open Ended Investment Company (OEIC) reporting, collateral reporting, OEIC enrichment for Business Reporting Units (BRUs) and OEIC disclosures for and analytical review to support monthly reporting and statutory accounts
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Knowledge of Fusion and GDRS would be an advantage, but not essential as there will be training provided.
Here's what we can we offer you in return...
Whatever your aspiration, you can also expect excellent benefits, personal development and a career that’s enriching and full of opportunity.
You'll also receive a package that includes...
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Discretionary bonus
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Private Medical Insurance
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Pension, where we'll give up to a max of 15%
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Share plans
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28 days holiday (plus Public)
You’ll learn new skills and be given opportunities to grow and develop to help you achieve a rewarding and fulfilling career. We’re a very supportive team who care about your wellbeing. Our Hybrid ways of working means that you can find a work-life balance that suits you, with a mix of home and office working. The expectation currently is that you work a minimum of two days a week in the Office.
We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.
Are you interested in joining us? Apply today, we’d love to hear from you.
Will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Together we'll make it possible!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.