Description
Unit Pricing Controls Analyst/Dorking/6 months Contract/Up To £500 Per Day
Leading financial services company based in Dorking require a Unit Pricing Controls Analyst to join their team on a 6 month initial contract
The successful candidate will analyse long term unit pricing issues and errors as a result of a failure to correctly apply approved taxation policies within the net asset value and unit price calculations and remediate for losses in accordance with approved pricing error policies.
Accountabilities:
Investigate whether issues identified by our tax team have had implications on the accuracy of the unit prices produced over the period
Correcting the funds NAV where errors have been identified.
Recalculating unit prices over the period of the error and identifying the level of customer redress in line with pricing error policy
Obtaining the required sign off from delegated authority and tax internal teams on the resolution of these pricing errors
Ensure actions to prevent re-occurrence are agreed and Embedded within internal/external teams
Ensure that other non-tax related pricing errors are documented in the Pricing Error database including the calculation of the full cost of errors to the shareholder.
Monitor key processes across Investment Operations and where appropriate assist with developing enhanced controls to mitigate risk of pricing errors and shareholder loses
Ensure that all IPC controls are implemented in accordance with approved policies, consistent with the principles of TCF and the ABI Guide of Good Practice for Unit Linked Funds
Measures:
Timely and accurate implementation of Investment Operations controls
Delivery of operational procedures to agreed SLA's, targets and quality criteria
Effectiveness in implementing changes which enhance operational performance
Clear identification and resolution of root causes of Investment Operations issues.
Demonstration of behaviours consistent with client values
Good feedback from management and key customers
Quality and accuracy of pricing error analysis and processing
Robust, transparent and well controlled internal processes
Skills and Experience:
Thorough understanding of Unit Linked Pricing and incorporation of tax policies within Life Funds
Able to demonstrate an understanding of unit pricing practices, inputs and influences
Proven ability to control large volumes of data with meticulous attention to detail
Strong analytical skill, having the ability to analyse issues, present solutions & resolve problems
Good knowledge of MS Access and/or Excel
Educated to A Level/Degree standard and/or IAQ/FPC qualified or equivalent.
Significant technical knowledge of investment instruments, such as UTs, OEICs and SICAVs
Understanding of ABI guidelines
Knowledge of investment securities & markets
Knowledge of Investment Administration and Policy Admin systems
Strong communication skills.
Strong time management skill, ensuring service levels are met and also having the ability to reprioritise both individual and the teams deliverables and workload at short notice
If you match these requirements, please apply in the normal way. Elevate will send you an email, please open, click and action that email and your application will be visible to the hiring organisation directly.