Pension Accountant

Pension Operations Job Title: Pension Accountant Location: Offshore Reports to: Team Leader in UK Staff/Team Supervision: No direct staff

Job Purpose & Objectives

Gallagher provides a wide range of services to Pension Scheme clients. Specifically, treasury and accounting functions are handled on behalf of clients in compliance with legal and regulatory requirements.

Pension accountants are responsible for ensuring the accounts function for a portfolio of occupational pension schemes is completed according to contract specifications, meeting the required standards and deadlines.

Duties & Responsibilities:

• Carry out agreed duties and take on additional responsibilities as assigned by the team leader.
• Oversee the preparation of annual accounts for a portfolio of clients, adhering to relevant SORP and AAF requirements.
• Liaise with clients, account managers, and auditors to agree on timetables and meet deadlines for accounts finalization, audit, and signing within statutory deadlines.
• Attend audit planning and clearance meetings.
• Address and resolve audit queries.
• Manage the integrity of accounting transactions, documentary support, postings, and the compilation/maintenance of supporting schedules.
• Provide guidance and support to administrative teams as necessary.
• Prepare investment reconciliations, including managed and segregated funds, in compliance with required disclosures.
• Review monthly reports and bank reconciliations.
• Provide quarterly financial information for inclusion in client administration reports.
• Supply GAAP data and funding information to actuaries and other professionals in line with agreed timelines.
• Provide ad hoc information to clients, trustees, employers, and other relevant parties as required.
• Complete HMRC and other returns, including SA970, tax, and VAT returns, within deadlines.
• Assist team members as needed and ensure work is peer-reviewed.
• Complete daily timesheets and participate in performance reviews and goal setting.
• Complete required corporate training within prescribed deadlines.

Qualifications:

• Recognized accountancy qualification, e.g., ACA, ACCA, CIMA (Applicants with relevant experience may also be considered).

Knowledge, Experience, and Skills:

• Experience: Minimum of 2-3 years in pension scheme or investment accounting, with direct experience working with clients, auditors, and other professionals.

Analytical Skills:

• Logical problem-solving approach.
• Ability to process, collect, and input data.
• Excellent time management and prioritization skills.
• Strong attention to detail and ability to meet deadlines.

Calculations:

• Strong numeracy skills.

Communication:

• Experienced in dealing directly with clients, auditors, and professionals, both in meetings and via telephone/email.
• Excellent telephone and written communication skills.
• Confidence in providing feedback and collaborating with colleagues.

Customer Service:

• Committed to providing exceptional customer service.
• Accountability to clients, members, and business management.

Interpersonal:

• Ability to work independently.
• Self-motivated and proactive in suggesting process improvements.

Information Technology:

• Proficiency with Microsoft Office (Word, Excel, PowerPoint).
• Knowledge of Cashfac and Open Accounts (or similar) systems is a plus.

People Management:

• Act as a mentor to new accountants and provide motivation to junior team members.

Generic Management Responsibilities:

• Compliance:
  • Stay informed about regulatory and legal obligations related to the function.
  • Report any suspected compliance breaches to the Team Manager immediately.
• General:
  • Adhere to all Corporate Policies & Procedures.
  • This document is intended as a guideline for the job holder. It is not a definitive description and does not form part of the employee’s contract of employment. Employees may be assigned additional duties as needed in line with business requirements.