Investment Operations Senior Analyst, Asset Management (FTC parental cover) - Telford

TN United Kingdom; Telford; Hybrid; GBP 40,000 - 50,000

Job description

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Investment Operations Senior Analyst, Asset Management (FTC parental cover) - Telford, Telford

Client: Phoenix Group Holdings

Location: Telford, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: 71fbecaa3bc6

Job Views: 5

Posted: 30.03.2025

Expiry Date: 14.05.2025

Job Description:

We have a great opportunity to join us here at Phoenix Group as an Investment Operations Senior Analyst providing technical support to colleagues in our Investment Operations teams as well as being involved in delivery of change initiatives, from process improvement to strategic change.

Salary & Benefits: Up to £50,000 FTE (pro-rated and subject to experience) + pro-rated benefits such as bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays, plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!
Job Type: Fixed Term Contract approx. 6+ months (parental cover until 31st January 2026)
Location: This role will be based in our Telford office, with the team coming into the office a minimum of 2 days per week and the remaining will be flexible; working from the office or home. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Who are we?

We want to be the best place that any of our 6,800 colleagues have ever worked. We’re the UK’s largest long-term savings and retirement business. We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£259 billion of assets under administration. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

Context

Embedded within the Asset Management function, our Investment Operations team are responsible for the administration of around 2,000 unit-linked and with-profits funds with over 9,000 pricing series linked to them. Our roles vary from oversight of fund accounting and unit pricing, placement of trades and the maintenance of customer facing data for our funds.

The Role

This is a great opportunity for someone with the relevant experience and qualifications to join our Trading & Box Management team. You will become an expert in all aspects of the end-to-end trading and asset/liability matching processes along with investigating and resolving cash breaks between accounting and custody records. You will provide technical support and training to colleagues, take the lead on process improvements to optimise what we do, and ensure that robust controls are in place. Working to strict deadlines as determined by the investment markets we deal in you will need to balance competing priorities and ensure that tasks are successfully delivered.

You will be an organised and dependable member of the team, able to play a key part in the monitoring of actions and management of risks and controls that we are responsible for.

Key Responsibilities

• Unit matching: Ensuring that the ReAssure policyholder liabilities and asset holdings are aligned and determining what needs to be processed. You will be responsible for challenging and investigating differences and providing MI on transactions, accuracy and profit & loss for governance oversight.
• Trading & Creations process: Sign off of trade instructions via multiple platforms such as Aegon & EMX and ensuring accurate postings to our Fund Accounting & Custody platforms.
• Cash reconciliation: Investigating and resolving breaks between fund accounting and custody records. Liaising with internal and external stakeholders to obtain resolution.
• Risk and Control: Support the on-going delivery and design of robust, effective and efficient operational, finance processes and controls.
• Rebate validation: Monitor rebates received from Aegon on our TPF holdings to ensure that they are aligned with expectation.
• Fee posting: Support the posting of received fees to the ReAssure funds. Actively liaise with other ReAssure teams to ensure they have awareness.
• Interfund transfers: Sign off the movement of cash between accounts following trade settlement.
• With Profit and Managed fund asset allocation: Manage requests from our Asset Management team and external fund managers (abrdn, LGIM, Quilter, HGAM) with the implementation of asset allocation changes.

Experience / Knowledge

• Experience within Financial Services industry preferably in investment fund operations with understanding of Unit Linked and With-Profit funds. You possess in-depth knowledge of unit-linked/with-profits fund administration processes (including unit matching & box management and trading) OR have a background in fund accounting.
• You are proactive, inquisitive and are willing to challenge the status quo.
• You're comfortable communicating complicated technical content to stakeholders at all levels.
• Accounting and Investment Operations-related qualifications.
• Proficient MS Excel user with experience with macros.

Personal Attributes & Skills

• Self-starter and independent worker with strong sense of ownership, capable of delivering to meet deadlines under pressure.
• Diligent working style with attention to detail and high standards for quality.
• Excellent analytical and problem-solving skills with holistic financial thinking.
• Good communication skills, with the ability to collaborate across a wide range of stakeholders.

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.