Interim Financial Accountant – Pension Fund

Discipline: Finance

Sector: Local Government

Location: London

Type: Temporary

Date posted: 03/03/2021

Start: ASAP

Duration: 6 months

Salary: £500 per day

Details

A Local Authority currently have a need for an Interim Financial Accountant to work on their Pension Fund.

The Pension Fund manages over £1bn of investments assets held across 7 investment managers, has over 22,000 members including more than 7,000 active members and over 50 employers. The Authority is the largest employer and the administering authority.

The immediate focus will be to prepare the annual accounts, including all supporting notes, for a Local Government Pension Scheme Fund in accordance with CIPFA’s LGPS example accounts and disclosure checklist guidance.

There are also a number of related improvements that they are keen to implement and the successful candidate will lead delivery of this work.

Main duties

  • Preparing and uploading all relevant year end accounting entries onto the Fund’s internal general ledger (Unit 4 Business World) to produce a trial balance.
  • Using a combination of reports for externally held investments, spreadsheets for internally held investments along with the internal ledger for all non-investment related income and expenditure, to produce the annual accounts and corresponding notes for the Fund as at 31st March 2021.
  • Preparation of supporting working papers for audit.
  • Liaising with key contacts below to collate all necessary information.
  • Preparation of financial information for the Annual Report.
  • Alongside the core work on closing the 2020/21 pension fund accounts there are a number of regular processes which need to be reviewed and streamlined reduce the burden of year end work.
  • Monthly accounting duties include regular monitoring of the bank account to allocate all income and expenditure entries, preparing journals for upload and producing cashflow forecasts.
  • Preparing cashflow information for actuarial valuations for various of employers throughout the year.
  • Liaising with investment managers to monitor performance and to facilitate other investment decisions and activities, for e.g. transitions.
  • Complete data collection returns to Local Government (annual) and ONS (quarterly).

Desirable Skills

Knowledge and understanding of public sector pension schemes, preferably of the Local Government Pension Scheme, and associated accounting requirements.

Experience of annual accounts closing protocols and preparing public sector annual accounts.

Experience of designing and implementing new financial processes.

CCAB  Qualified

This role will be remote working for the forseable due to COVID-19.

Register Interest

33 King Street, St. James’s,
London, SW1Y 6RJ





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