Investment Accounting - Bristol, United Kingdom - Lloyds Banking Group

Lloyds Banking Group
Lloyds Banking Group
Verified Company
Bristol, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Agile Working Options

Flexibility in when hours are worked, Hybrid Working

Job Description Summary


Within the Bank's Insurance, Pensions and Investments' Finance division, Investment Accounting & Operations (IA&O) is responsible for the data, systems and reporting of financial instruments held in Scottish Widows Insurance and Investment Funds.


The team has Finance Subject Matter Experts (SMEs) that cover investment fund accounting, accounting for financial instruments, Group Reporting of Investment Funds (using LBG ledgers and consolidation systems) and Regulatory Reporting (Insurance specific).

The team also distributes investment data to internal teams for use in actuarial models and risk monitoring.

We lead all aspects of our outsourced Investment Fund administrator State Street, and the source accounting feeds into LBG ledgers.


The team is responsible for the production of several notes in the Scottish Widows Limited financial statements and monthly, quarterly and annual statutory reporting, and Solvency II (SII) reporting.

We also produce several Business Reporting Units (BRUs) along with analytical reviews.

We're responsible for an investment Asset Data Warehouse, so an interest in Data Management and Business Intelligence tools would be helpful.


As a Finance Manager joining our team, you will not be expected to cover all of the above areas There may be one or more direct reports in this role and you'd be involved in their ongoing development and support.

We are involved in a number of projects alongside our BAU work, so there is plenty of scope for breadth of learning.

We are dedicated to supporting colleague development as you journey through your career.


Job Description:

The role requirements for a Finance Manager are as follows:

  • Positively influence others by demonstrating core Lloyds Banking Group values and behaviours
  • Be responsible for leading and implementing robust processes aligned to short term business objectives
  • Identify, handle and minimise operational risks
  • Establish and form relationships and build links with stakeholders to support the provision of quality and timely information and analysis to inform business decisions
  • Proactively oversight and lead activity delivered by third party fund management and accounting service providers
  • Effectively work within and maintain internal networks for the purpose of optimising business results
  • Support agreed change projects to deliver continuous improvement
  • Typically, the jobholder would be a qualified accountant (ACCA or equivalent) with significant post qualification experience
  • Alternatively, you could have the same level of expertise, acquired through very substantial experience in an investment or funds operational or accounting function
  • You'll have scope to plan and organise your own workload, including liaison with colleagues in other functions
  • Partner influence at Grade G (Head of department) and above
  • You'll have scope of influence external to your own function
- comfortable with liaising with internal and external auditors.


Responsibilities will include:

  • Management of the monthly reporting process for Open Ended Investment Companies (OEICs) and their overseas equivalents, SICAVs, with a focus on the consolidation of such funds into the Group results
  • Reviewing and editing data in the Solvency II (SII) Quantitative Reporting Templates (QRTs)
  • Producing fair value returns for OEICs
  • Review of reconciliations of investment assets to ledger data
  • Reviewing enrichment of the group reporting system (GDRS) with investment asset data for various reporting units
  • Analytical review of investment assets
  • Ad hoc work including review of regulatory returns and offledger disclosures for Group and Scottish Widows accounts
  • Continuous improvement of processes
  • We value learning and development so you'll have the chance to be involved in other work in the team which may include property investment reporting, other derivative reporting and production of the investment fee model. Cross team training will also be offered on various tasks within the team that supports monthly reporting and statutory accounts
  • Knowledge of Fusion and GDRS would be an advantage, but not essential as there will be training provided
  • Knowledge of IFRS and SII requirements for the reporting of investment assets would be an advantage
Here's what we can we offer you in return...


Whatever your aspiration, you can also expect excellent benefits, personal development and a career that's enriching and full of opportunity.

You'll also receive a package that includes...

  • Discretionary bonus
  • Private Medical Insurance
  • Pension, where we'll give up to a max of 15%
  • Share plans
  • 28 days holiday (plus Public)


You'll learn new skills and be given opportunities to grow and develop to help you achieve a rewarding and fulfilling career.

We're a very supportive team who care about your wellbeing. We w
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