Financial Reporting Oversight Specialist

We are Legal & General Investment Management (LGIM), the asset-management arm of Legal & General Group. Our purpose is to create a better future through responsible investing. We strive to achieve this through a strong sense of partnership with our clients, working together to achieve positive long-term outcomes. We draw on industry-leading expertise to innovate constantly across public and private assets, index and active strategies. And we are a responsible investor, rising to the challenges of a rapidly changing world. 

We are truly international, present where our clients need us. Our teams around the world are highly dedicated, professional and collaborative and we draw strength from our diversity of talent. We are clear on what we stand for and our commitment to inclusivity anchors our behaviours. 

We’re recruiting for a Financial Reporting Oversight Specialist within our LGIM Reporting team.

The primary role will be to provide robust and efficient oversight of outsourced LGIM regulated funds financial statements and share class distribution rate calculations, ensuring completion within regulatory deadlines and SLA’s. In addition, the role holder will assist the ongoing management and implementation of the financial reporting oversight teams' change pipeline, due to a variety of technical, regulatory and accounting standards updates.

• Who we're looking for:

  Financial Reporting and Audits
  To oversee and review the production of financial statements for LGIM funds, ensuring outsourced third-party administrators produce accurate financial statements within agreed timelines.  To implement enhancements to the annual audit process, cultivating a continuous improvement and best practice environment.

  Projects
  To oversee financial reporting projects due to the continuously evolving regulatory and technical landscape for LGIM funds and provide advice and guidance to project teams as required. 

  Share Class Distributions
  To oversee and review the production of distribution rate calculations for each paying scheme, ensuring appropriate calculation of equalisation, taxation and payment. To calculate and review complex divergence patterns on pricing and distribution rates, such that errors or issues with regard to revenue apportionment between unit classes are resolved and corrected in a controlled manner.

  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 third-party administrators and auditors (across 3 jurisdictions), such that the financial statements and share class distributions are completed in a timely, controlled and accurate manner.

  Description

• Ensure the accurate production and review of interim and annual financial statements for outsourced LGIM regulated funds/schemes, including punctual filing with the relevant regulators in a compliant manner.
• Ensure the accurate production and review of share class distributions in accordance with scheme documents.
• Support the evolution, and drive efficiency, of the team through managing change initiatives and process enhancements.
• Actively participate in team meetings, providing regular status updates of financial statements, distribution calculations and other deliverables against timetables, trackers and SLA’s, escalating key issues to the Financial Reporting Oversight Manager promptly. Communicate effectively, and build relationships with key internal stakeholders, auditors and third-party administrators

• Knowledge of regulatory frameworks such UCITS and AIFMD Regulations.
• Knowledge of accounting standards including FRS102, IFRS and Lux GAAP.
• Knowledge of investment funds, the financial markets in which they operate, and financial instruments.
• Knowledge of governance structures and required regulatory oversight, implicit in the Central Bank of Ireland and CSSF Regulatory environments.
• Knowledge of net asset value calculations and share class distribution calculations.
• Knowledge of key stakeholder relationships including third-party administrators, auditors and trustees/depositaries.
• Qualified accountant, or studying towards a professional accountancy qualification such CIMA, ACCA or ACA.
• Strong experience within the financial services industry in auditing, third party administration or asset management.