Accounting Executive - Senior Advisor

About the Team:

The Pension Fund Accounting (PFA) teams in Mumbai support onshore teams across the Great Britain and Ireland geographies. Their responsibilities include preparing annual and management accounts, cash flows, and bank reconciliations, as well as handling accounts payable, fund flow forecasting, cash reconciliation, billing, pension payroll processing, statutory reporting, and audit support.

This team comprise of professionals, including Chartered Accountants, and accounting specialists at both graduate and postgraduate levels.

Principal Duties/Responsibilities

The associate is responsible for drafting annual accounts for pension schemes and statutory returns. The deliverables should be met within the agreed deadlines with the onshore team. The associate should be ready to work on any other jobs sent by onshore team.

Primary responsibilities include the following:

• Processing of year-end accounts which entails the following processes:

  • Procuring required information from the admin team and respective Investment Managers to work on year-end accounts.

  • Preparation and Reconciliation of bank transactions for pension fund account.

  • Preparing schedules for the fund accounts.

  • Analysing the investment reports into managed funds, segregated investments, derivatives, pooled investment vehicles, etc. Ensuring that the investment schedules are prepared per the pension guidelines i.e. under SORP regulation.

  • Compiling and analyzing relevant financial data to be used as a basis for the preparation of Trial balance for Pension Fund Accounts.

  • Documenting all activities, performing checks, financial analysis and reconciliations.

  • Preparing the Trustee Annual Reports as recommended by the onshore team.

  • Case management of pension fund account audits end to end through the audit and trustee signoff process for schemes under your portfolio.

  • Report on the financial position of the scheme and the results of its operations to trustees in accordance with generally accepted      accounting practice, statute and client instructions. 

• Preparing and submitting quarterly / annual returns as per the regulatory reporting. 

• Updating the databases for all jobs on a regular basis.

• Communicating with all clients, administrators, fund managers and auditors in preparing and arranging for audits and dealing with all queries. 

• Meeting agreed service standards and adherence to internal procedures so as to provide consistent and proactive client service to the highest standards.

• Report on the financial position of the scheme and the results of its operations to trustee and the Pension Authority in accordance with generally accepted accounting practice, statute and client instructions. 

• Any other additional responsibility to commensurate with project requirements. 

Key Activities in the Job Include:

• Helping/ Assisting other team members & seniors in completing/ meeting deadlines after finishing self-tasks. 
• Adhering to any compliance and governance requirements of the organization. 

Top 5 Competencies:

• Eye for detail

• Excellent logical reasoning 

• Teamwork and collaboration

• Time Management 

• Stakeholder Management 

B. Com / BAF / M. Com / Inter C.A

 Technical Skills

o Basic accounting skills

•  Journal Entries

•  Bank Reconciliation

•  Ledger Posting

•  Ledger Scrutiny

o Finalisation of accounts

•  Booking closing entries – (Accruals / Prepayments, etc.) 

•  Preparing Trading, Profit and Loss Account and Balance Sheet. 

•  Technicalities of Investment Analysis and/or mutual fund concepts 

   

Requirements

•  The candidate should demonstrate a substantial knowledge and understanding of accountancy procedures, with the ability to work accurately and in a detailed manner to meet strict deadlines.

•  Good verbal and written communication skills.

•  Good working knowledge of the Microsoft office, particularly Word & Excel.

•  Attention to detail is vital to succeed in this role.

•  Energetic, enthusiastic individuals.

•  Logical thinking skillset is a must.

•  Learn new processes and systems and should be adaptable to changes.

•  Prioritise and organise tasks independently and as part of a team.

•  Works well under pressure, do multi-tasking and meet tight deadlines.

•  Should be a quick learner and team player.

•  Willing to work in rotational shifts.

The Application Process

• Stage 1: Online application and recruiter review

• Stage 2: Pre-recorded video interview

• Stage 3: Live video or in person interview with hiring manager and team

• Stage 4: Offer and onboarding

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.