Company Description
.The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.
Job Description
Your role at a glance
Understanding of fund structures across EMEA including UK, Luxembourg and Ireland.
Understanding of regulatory and accounting standards within the UK, Luxembourg and Ireland.
Understanding of key stakeholder relationships including third party administrators, auditors and trustees/depositaries.
Understanding of fund valuations and components.
Completed, or studying towards a professional accountancy qualification such CIMA, ACCA or ACA
Strong experience within the financial services industry at an auditor, third party administrator or asset manager.
Ensure the accurate production and review of interim and annual financial statements for outsourced LGIM funds and ensure that fund distributions are accurately calculated, reviewed and issued to clients in a regulatory compliant and timely manner.
Act as the primary contact to the various fund auditors and third-party administrators during the financial statement production and audit lifecycle for LGIM funds.
Supervise, coach and provide operational training and support to direct reports.
What you'll be doing
- Financial Reporting. To oversee and review the production of financial statements for LGIM funds, ensuring outsourced third-party administrators produce accurate financial statements within agreed timelines.
- Audits. To act as the primary Financial Reporting contact for annual audits of LGIM funds, such that recommendations can be made for continuous improvement and move towards a best practice environment.
- Regulatory Compliance. To collaborate with auditors and outsourced third party administrators, such that the financial statements are compliant from an accounting standards and regulatory standpoint.
- Relationship Management. To actively participate in the operational management of relationships with Fund Accountants (4 teams across 3 jurisdictions), auditors (3), such that the financial statements, distributions and tax filings to HMRC are completed in a timely, controlled and accurate manner.
- Investor Distributions. To oversee and review distribution rates for each paying scheme, ensuring appropriate calculation of equalisation, taxation and payments. To calculate and review complex divergence patterns on pricing and distributions, such that errors or issues with regards revenue apportionment between unit classes are resolved and corrected in a controlled manner.
- Taxation. To oversee and review taxation within the funds, ensuring that returns are delivered to HMRC on a timely and wholly accurate basis. Maintain a comprehensive knowledge of regulations surrounding Corporation Tax, Income Tax, the Quarterly Instalment regime, and VAT. Also to maintain an understanding of ACS tax operations.
- Fee Oversight. To oversee and review the accuracy of fee accruals and payments for LGIM US Funds.
- Team Development. To manage, motivate and develop direct reports, in a manner that is consistent with the Company’s policies and procedures including the Partnership Agreement, to maximise the performance of the area.
- Projects. To assist the business area on any project work undertaken and provide advice and guidance to project teams as required
Qualifications
- Knowledge of the IMA SORP, UCITS, AIFMD
- Ability to understand, interpret, communicate and challenge the application of regulatory standards to peers, third party administrators, and auditors.
- Knowledge of accounting standards including FRS102/104, IFRS and Lux GAAP
- Ability to understand, interpret and communicate and challenge the application of accounting standards to peers, third party administrators, and auditors.
- Knowledge of investment funds, the financial markets in which they operate, and financial instruments Ability to understand investment fund structures and financial instruments, how risks are mitigated and controlled, and ensure stakeholders are both aware of, and contribute to the success of that oversight.
- Knowledge of governance structures and required regulatory oversight, implicit in FCA, Central Bank of Ireland and CSSF Regulatory environments
- Ability to understand the context of Fund Operations oversight in the wider environment, thus having an appreciation of inter-relationships and knock-on impacts of events within the funds
Additional Information
Benefits:
When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.
If you join us, you’ll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave.
You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings.
The brand with the brolly is choosing today to change tomorrow.
Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.
We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.
We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.
At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.
Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?
Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.
We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.
We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.
We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.
So whoever you are, wherever you are, whatever your story, we'd love to hear from you.
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