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Financial Assistant

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Location: 1 George Street, Scotland
Salary:  
Closing Date: 19-Apr-2010


Role Context

Standard Life Investments was launched as an investment management company in 1998. It is a wholly owned subsidiary of Standard Life Investments (Holdings) Limited, which in turn is a wholly owned subsidiary of Standard Life plc.

Standard Life Investments is a leading asset management company, with approximately £124 billion (as at 31 December 2008) of assets under management. It operates in the UK, Canada, Hong Kong, Australia, China, Ireland and the USA to ensure that it is able to form a truly global investment view. Standard Life Investments also operates in India through a joint venture, HDFC AMC.

On 18 April 2006, the Board of The Standard Life Assurance Company recommended that it should demutualise and Standard Life plc float on the London Stock Exchange. At a Special General Meeting held on 31 May 2006 voting members overwhelmingly voted in favour of demutualisation and flotation. Demutualisation and flotation was approved by the Court of Session in Scotland on 9 June 2006 and Standard Life plc floated on the London Stock Exchange on 10 July 2006.

Standard Life Investments is, and will continue to be, an integral part of the future of the Standard Life Group.

Purpose

Within Standard Life Investments the Financial Controls Team is responsible for all aspects of data integrity and financial control, including co-ordination, understanding, preparation and reconciliation of all banking and financial data for SLI. The team also produces internal and external reports, including FSA returns, and is responsible for raising invoices relating to management fees charged to SLI's clients. There has to be clear understanding of the investment agreements, expense flows and balance sheet analysis by the team, in order to report with confidence to the business.

The team is part of the Finance department, which also includes Financial Reporting, Fund Reporting and Business Performance & Planning.

Key Outcomes
  • Preparing management accounts for subsidiary companies
  • Posting journals for subsidiary companies
  • Performing revenue calculations relating to various clients
  • Preparing accrual and prepayment analysis
  • Performing various control account reconciliations
  • Preparing bank reconciliations
  • Assistance with the new revenue system being implemented within Finance
  • Act as a whom failing for tasks within the team and provide cover for other teams within the department at busy periods

Core Knowledge
  • Knowledge of Accounting Procedures
  • General reconciliation experience
Core Skills
  • Competent use of Excel and Notes
  • Attention to detail
  • Highly numerate
  • Strong team ethos
  • Investigative skills
  • Problem analysis skills
Qualifications/Experience

  • Investment industry experience preferable
  • Would suit part-qualified person
Talents
  • Analytical thinking - naturally inclined to analyse and challenge current processes and seek to ensure best practice at all times
  • Change orientation – is comfortable working in an environment that is regularly changing and has the ability to work through these changes with others in a sensitive manner
  • Communicating and influencing – communicates effectively with others at all levels of seniority across the organisation and has a natural ability to influence others
  • Planning & Organising – is able to work under pressure to meet deadlines and is comfortable planning and prioritising own workload Preference for Action – is proactive in delivering agreed outcomes
  • Relationship Building/Management – can create, maintain and develop positive working relationships with internal clients across the Group as well as external clients
  • Teamwork – works effectively as part of a team and helps to support the wider team in the achievement of common initiatives and goals where required
  • Problem Solving – is proactive in analysing and finding solutions to problems
  • Accuracy/Attention to detail – is committed to producing accurate work and keeping up to date and clear records
Standard Life Investments – Values

  • Integrity
  • Team
  • Customer Driven
  • Global
  • Leading
  • Astute

This is not an FSA regulated role