Fund Accounting Manager
LGPS Central
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Benefits offered by this job
Job summary
LGPS Central invites a skilled Fund Accounting Manager to join its Finance team at a pivotal moment for the organisation. This role will support the Head of Finance in delivering robust financial operations, overseeing outsourcing providers, and ensuring regulatory and cost reporting for LGPS Central's investment products.
You will collaborate with auditors, oversee VAT and tax matters, and contribute to risk management and policy development while mentoring the Finance team to maintain high
Qualifications
- Ability to communicate complex, technical matters clearly.
- Strong problem-solving and analytical skills.
- Good report-writing and verbal communication.
- Active participation in CPD with up-to-date accounting, finance, investments, and pensions knowledge.
- Motivate and develop Finance team to perform at a high level.
Responsibilities
- Oversee annual reports and financial statements for LGPS Central Limited’s investment products.
- Assist regulatory returns and ensure compliance with regulations.
- Coordinate with internal/external auditors and support audit plans.
- Prepare financial statements for subsidiary entities and reconciliations between group entities.
- Contribute to tax filings and VAT management for investment products.
- Prepare Partner Fund reporting in liaison with Investments teams.
- Oversee cost transparency and benchmarking analyses.
- Manage treasury and cash flow forecasting in liaison with Investments Ops.
- Oversee outsourced fund accounting and financial reporting providers; perform checks and liaise with providers.
- Support risk management, policy development and senior management decisions.
Skills
Education
Job description
As a key member of the Finance team, the Fund Accounting Manager will be responsible for supporting the Head of Finance in ensuring the effective and efficient delivery of the company’s financial operations. The role will be responsible for financial reporting, oversight of the fund accounting activities carried out by the outsourced providers, regulatory reporting and cost sharing reporting to the Partner Funds.
- Oversee the preparation of the annual reports and financial statements of LGPS Central Limited’s investment products.
- Assist in the completion of regulatory returns and ensure compliance with financial regulations.
- Work with internal and external auditors, supporting audit plans and ensuring smooth processes.
- Contribute to the preparation of the financial statements of subsidiary entities of LGPS Central Limited and reconciliations of balances and transactions between group entities.
- Contribute to the preparation of tax filings in respect of the investment products.
- Contribute to the management of VAT matters in respect of the investment products.
- Contribute to the preparation of regular Partner Fund reporting in respect of the investment products, in liaison with the Investments team and the Investment Operations team, including the provision of cost and performance information.
- Prepare and analyse cost transparency workings.
- Prepare and analyse cost and performance benchmarking data.
- Oversee treasury management activities and cash flow forecasts in liaison with the Investment Operations team, ensuring effective risk management.
- Administer the settlement of accounts payable in respect of LGPS Central Limited’s investment products.
- Contribute to the development of the business cases for potential products, including the evaluation of the costs thereof.
- Oversee the work of the outsourced providers of fund accounting and financial reporting services to LGPS Central’s investment products.
- Perform checks, reconciliations and analyses of the output of the outsourced service providers.
- Liaise effectively with the outsourced service providers, including participating in regular meetings.
- Contribute to the performance management of the outsourced service providers.
- Work closely with the Investments and Investment Operations teams on a day-to-day basis.
- Manage external service providers, including the outsourced service providers, banking, auditing and tax advisory services.
- Support financial reporting and ad hoc responses to the Partner Funds and other key stakeholders.
- Assist in developing and ensuring compliance with key financial policies.
- Identify and mitigate financial risks, implementing improvements where needed.
- Provide financial insights and advice to managers on projects, business cases and decision-making.
- Promote financial best practices and value for money across the company through training and advisory support
LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £100bn+ of their assets. It is one of six Local Government Pension Scheme (LGPS) asset pools in the UK.
LGPS Central’s Partner Funds are:
- Cheshire Pension Fund
- Derbyshire Pension Fund
- Leicestershire Pension Fund
- Nottinghamshire Pension Fund
- Shropshire Pension Fund
- Staffordshire Pension Fund
- West Midlands Pension Fund
- Worcestershire Pension Fund
- Gloucestershire Pension Fund
- Hampshire Pension Fund
- Suffolk County Council
- Wiltshire Pension Fund
- Norfolk Pension Fund
- Oxfordshire Pension Fund
The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.
LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links.
Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds
- Able to communicate complex and highly technical matters in a way which is understandable and relevant.
- Strong reasoning and problem-solving skills, able to develop pragmatic solutions to complex problems.
- Good report-writing and verbal skills.
- Active participant in continuous professional development, with an up-to-date knowledge of relevant accounting, finance, investments and pensions matters.
- Able to motivate and inspire members of the Finance team to develop themselves and perform to a high level.
- Able to build effective relationships at all levels of the company and across the wider industry.
- Highly organised and able to work to deadlines and manage competing priorities under significant time pressures.
- Good interpersonal, communication and people management skills.
- Highly analytical, able to work with complex data sets.
- Qualified Accountant (ACA, ACCA, CIMA or equivalent).
- Meets all the requirements of being an FCA approved person.
We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:
- Competitive salary
- An enhanced and generous Pension Scheme
- 30 days' paid holiday plus bank holidays
- 2 days paid volunteering days
- An extra paid Company Day in addition to paid holidays
- Excellent Learning & Development Opportunities
- Welfare and Family-friendly policies
- Enhanced pay for new parents
- Access to our Employee Assistance Programme - 24-7 Health & Wellbeing Support
- Vitality Private Medical Insurance
- Hybrid Working
- Company Service Awards
- Cycle to Work Scheme
- Company Electric Vehicle Scheme
- Nominees of the Family Friendly Employer of the Year 2022 - Personnel Today Awards 2022
- Winner of the Cultural Awareness Initiative of the Year - FT Advisors Diversity in Finance Awards 2023
- Winner of Diversity and Inclusion Award LAPF In Investments Award 2023
- Winner of LAPF Investment Innovation
- Winner of Pool of the Year 2025
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