Asset Services Senior Analyst

Legal & General; Cardiff; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player seeks a Cash Management Specialist to oversee reconciliations and overdrafts. This role involves managing outsourced functions, resolving high-value discrepancies, and ensuring compliance with regulations. Join a dynamic team committed to responsible investment and sustainable value creation. Enjoy a collaborative work environment with opportunities for flexible working arrangements and a comprehensive benefits package, including generous pension contributions and performance-related bonuses. Be part of a culture that values diversity and empowers your career development.

Benefits

Annual performance-related bonus

Generous pension contribution

Life assurance

Private medical insurance

At least 25 days holiday

Electric car scheme

Discounts on products and services

Qualifications

• Experience with outsourced provider operating models.
• Strong analytical and written communication skills.

Responsibilities

• Oversee outsourced cash and stock reconciliation services.
• Manage high-value breaks and improve overdraft monitoring.

Skills

Reconciliation Knowledge

Analytical Skills

Communication Skills

Stakeholder Management

Problem Solving

Job description

Company Description

Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

We’re currently looking to hire a Cash Management - Reconciliations and Overdrafts Specialist to join Legal and General Asset Management. As Cash Management Specialist you’ll oversee the outsourced functions for Cash & Stock reconciliations, Overdrafts, interest claims & other related functions

What you'll be doing:

• Oversight of the outsourced Cash (Daily) & Stock (Weekly) Reconciliation services andOversight of the outsourced Overdraft processes
• Ownership and resolution of high value, high-risk breaks in an accurate and timely manner
• Improve Overdraft monitoring to drive down overdrafts and subsequently costs.
• Interest claim management for Fails, Overdrafts & CSDR Penalty Fees.
• Ensuring adherence to relevant guidelines and regulations, e.g. ISITC, CSDR, CASS.
• Production of MI and other relevant reporting
• Manage tasks from beginning to end, investigating, and resolving any problems and reporting any inconsistencies as appropriate
• Review processes to identify potential improvements ensuring a controlled environment and reduction of errors
• Support the team with the resolution of day-to-day operational issues and resolve anomalies to ensure high level of customer service and accurate transactions
• End to end understanding of team’s tasks and how they relate to and impact all processes, ensuring standard ways of working are applied consistently

Qualifications

Who we're looking for:

• Familiar with a Outsource provider Operating Model
• Experience of challenging working practices and adaptability to change
• Technical knowledge/experience relevant to role, Reconciliations knowledge and equity/fixed income productknowledge would be preferred
• Evidence of effective working relationships with stakeholders.
• Ability to understand issues and assist with finding innovative solutions to problems.
• Understanding of relevant guidelines and regulations,
• Good communication skills both verbally and written andStrong analytical and written skills.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.