Description
Overview:
My client who is a 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