European Fund Administrator

Job Description

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. Job Purpose The role is based in the Asset Servicing & Unit Pricing teams. The teams are part of the Investment Operations area of Investment Financial Services, which provides professional Investment Services to multiple clients in respect to Assets under Administration. This role formally reports to the Asset Servicing Supervisor or Unit Pricing Supervisor but at the same time should provide day to day support to, and work closely with, the Senior Fund Administrator(s) of both teams as required. The role is responsible for performing the business critical day to day Asset Servicing and Unit Pricing tasks, which serve Unit Linked, Non Linked and Solvency II stakeholders. The assets held include Collective Investments, Equities, Fixed Interest, Derivatives and Cash Instruments such as Money Market Funds, Certificates of Deposit etc. Key Accountabilities Tasks include but are not limited to - • Sourcing, validating and processing into the investment systems - o Corporate Actions (Capital Events) o Income Events o Asset Prices o Exchange Rates o Asset Data for new asset setups as well as changes to existing assets • Bloomberg AIM asset position reconciliations • Daily calculation and validation of Unit Prices for c. 380 UK Life and Pension funds. • Daily collation of policyholder cash flows for all funds and production of a summary cash flow movement report for the front office to make appropriate market trading with those inflows/outflows. • Daily bank reconciliations between custodian and the investment system. • Monthly tasks such as asset reconciliations, MI and data summaries to other teams and departments. • Working on small change projects and larger Company driven initiatives Success in the job will be evidenced by contributions to day to day operational performance and KPIs (e.g. Accurate and timely provision of Asset Servicing data to Investment systems and SII data repository, publication of unit prices, minimal business errors / Losses etc.) as well as contributions to Continuous Process Improvement. Desired Knowledge / Experience / Skills Relevant Financial Services experience and knowledge pertaining to Asset Servicing & Unit Pricing and its processes in a Fund or Platform administration environment is essential. Experience of working with the Multifonds, GBST Composer, Bloomberg AIM/terminal systems or similar as well as experience/working knowledge of Collective Investment Income from a Life/Pension fund and/or retail platform perspective would be beneficial. An excellent communicator with an excellent customer service ethic that is proactive and hardworking and that is an effective team player as well as being able to work on their own to complete processes as required. This is a role in a high profile team therefore a keen eye for detail, ability to work accurately and sometimes under pressure and to fluctuating workloads is essential. Intermediate numerical aptitude is important as the role will require performing basic mathematical calculations and understanding financial concepts. Relevant training will be provided. Experience of using Microsoft Excel is desirable but an ability to learn how to use new applications/systems is essential. A driven and logical approach to managing issues and solving problems is required. It is expected the successful candidate will be able to learn and apply new processes quickly and effectively as well as identifying how the process fits into the wider process and eventually have the aptitude to train other colleagues on those processes in the future. Qualifications Requirements (Essential) 5 GCSEs A-C including Maths and English (or equivalent). Holder of the CISI Investment Operations Certificate (or equivalent) or a desire to study for this qualification and/or a foundation accounting exam. Qualifications Requirements (Ideal) Additional CISI Investment/Operations related qualifications/exam passes or equivalent e.g. IMC. Part qualified to CIMA certificate or ACCA Fundamentals level. What youll like about working here As a Canada Life UK colleague, youll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. Youll also receive the support you need with your personal and professional development. Diversity and inclusion Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences