The associate is responsible for the monthly processing of cash reconciliations, monthly / quarterly cash flows, management accounts, annual accounts for pension schemes and statutory quarterly returns.
The deliverables have to 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 the monthly cash reconciliations received from the onshore team.
Processing monthly / quarterly cash flows in the prescribed format or as advised
by the Onshore Team.
Processing of year-end accounts. This entails the following processes :
Creating an opening trial balance using the Onshore Team’s signed financial
accounts copy and entering them into the extended trial balance.
Entering the onshore team cashbook into the extended trial balance to record
the cash movements into the year-end trial balance.
Preparing schedules for the fund accounts.
Analyzing the investment reports into managed funds, segregated investments,
derivatives, pooled investment vehicles, etc. Ensuring the unit reconciliation and
market value reconciliation vis-a-vis book cost reconciliation.
Ensuring that the investment schedules are prepared per the pension guidelines
i.e.under SORP regulation.
Preparing the Annual Reports in the accounting software prescribed by the
Processing the Accounting For Tax returns and Office for National Statistics
Updating the databases for all jobs on a regular basis.
Sending queries and follow up of queries related to cash reconciliations, cash
flows, management accounts, year-ends and quarterly returns
Adherence to Onshore Team deadlines and the utilization requirements.
Coordinating with the Onshore Teams on calls and emails with regards to the
missing information and queries.
Any other additional responsibility to commensurate with project requirements.
Key activities in the job include :
Helping / assisting other team members & seniors in completing / meeting
deadlines after finishing self-tasks.
Adhering to any compliance and governance requirements of the organization
o 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 UK Pension regulations (not mandatory)