Description
The Pension Fund Accountant will ensure all financial reconciliations are kept up to date and regularly confirm that internal controls are followed and reported to management. Engage with the MSP project team on pension fund matters to ensure the system is able to deal with pension transactions and to deliver appropriate financial management reports as necessary.
Further responsibilities:
- Prepare the Pension Fund Accounts for within the agreed timescales. Provide clear working papers and answer all queries from external audit. Work with colleagues to update the Annual Report template in line with CIPFA guidance.
- Provide advice and support to the Pensions Sub-Committee as required and work with HR on the operation of Pension Board including agenda planning, preparation of reports and implementation of knowledge & skills training policy. This will include maintaining and annual review of all key Pension Fund Policy documents as prescribed by regulation and ensuring these are reported to and approved by Committee and subsequently ensure the Pension Fund website are kept up to date. Implement an appropriate training programme to address training needs as appropriate.
- Contribute to, and lead where requested, the procurement of fund managers and other service providers through frameworks or other means. Once committee decisions are made, follow up due diligence and documentation requirements. Update Statement of Investment Principles if required by committee decisions and Contracts Register.
- Review and maintain a long term cash flow forecast for the Fund to be reported periodically to Senior Officers and Committee. This should be used as the basis for reported financial forecasts and to inform the development of the investment strategy.
- Maintain relationships with external parties eg fund managers, actuary, custodian, investment consultant.
- Arrangement for payment and processing of scheme expenditure.