The associate is responsible for drafting annual accounts for pension schemes and statutory returns. The deliverables should be met within the agreed deadlines with the onshore team.
The associate should be ready to work on any other jobs sent by onshore team.
Primary responsibilities include the following :
Processing of year-end accounts which entails the following process
Procuring required information from the Admin team and respective Investment Managers to work on year-end accounts.
Preparation and Reconciliation of bank transactions for pension fund account.
Preparing schedules for the fund accounts.
Analysing the investment reports into managed funds, segregated investments, derivatives, pooled investment vehicles, etc.
Ensuring that the investment schedules are prepared per the pension guidelines i.e. under SORP regulation.
Compiling and analysing relevant financial data to be used as a basis for the preparation of Trial balance for Pension Fund Accounts.
Documenting all activities, performing checks, financial analysis and reconciliations.
Preparing the Trustee Annual Reports as recommended by the onshore team.
Case management of pension fund account audits end to end through the audit and trustee signoff process for schemes under your portfolio.
Report on the financial position of the scheme and the results of its operations to trustees in accordance with generally accepted accounting practice, statute and client instructions.
Preparing and submitting quarterly / annual returns as per the regulatory reporting.
Updating the databases for all jobs on a regular basis.
Communicating with all clients, administrators, fund managers and auditors in
preparing and arranging for audits and dealing with all queries.
Meeting agreed service standards and adherence to internal procedures so as to provide a consistent and proactive client service to the highest standards.
Report on the financial position of the scheme and the results of its operations to trustees and the Pensions Authority in accordance with generally accepted accounting practice, statute and client instructions.
Any other additional responsibility to commensurate with project requirements.
Required Qualifications, Skills, Knowledge, Experience B. Com / BAF / M. Com / Inter C.A.
Finalisation of accounts
Booking closing entries (Accruals / Prepayments, etc.)
Preparing Trading, P & L A / C and Balance Sheet.
Technicalities of Investment Analysis and / or mutual fund concepts
Understanding of Irish Pension regulations (not mandatory)