Salary and Benefits: c.£25,000 + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!
Number of roles available: 3x roles
Job Type: Permanent, full time
Location: This role will be based from our Telford office, with time spent working in the office and at home.
Please read about Phoenix Flex here
We have an incredible opportunity to join us here at Phoenix Group as a Cash Management & Oversight Associate to join our Asset Management COO team.
There will be on-the-job training provided.
Context
Cash Management & Oversight is a key support function for the Asset Management Front Office. It has wide ranging accountability ensuring operational control of investment activities, supporting the Group and AM governance framework, and delivery of investment reporting.
The team lead activities across the Phoenix custodial and operational account universe for policyholder, shareholder, ERIP and Operational bank accounts. Responsible for the execution of payments, by Chaps and BACS, and ensuring that there is sufficient liquidity for trades to settle. Providing operational support to our internal Asset Management & middle office, while providing oversight of 3rd party Custodial & Investment Management relationships.
The Role
The Cash Management & Oversight Associate role will play an important role in overseeing and optimising cash management activities within the organisation. The position will involve monitoring cash balances, analysing and reporting on third party managed processes with a view of optimisation, and ensuring discrepancies are managed in an efficient & timely manner. The role would benefit from someone with a proactive attitude, and who has a keen eye for detail.
This may also include regular exposure to the following Group activity:
- Daily 'Sweep' of Shareholder cash balances into (Blackrock / ASI) liquidity products.
- Funding of AM Private Debt transactions
- Funding of Group dividends
- Interfund Settlements / NPF Drawdowns
- Managing shortfalls / surpluses within Treasury accounts
- Execution of 3rd party payments
Key Responsibilities
- Supporting Daily Cash Management Operations – Supporting the teams’ daily deliverables, including running Cash Projections, liquidity monitoring and payment / trade processing on custodian systems.
- Oversee & Optimise Cash Management Activities - Important role in overseeing and optimising cash management activities within the organisation.
- Daily Reporting of Cash balances – Including analysing and reporting on third party managed processes with a view of optimisation, and ensuring discrepancies are managed in an efficient & timely manner.
- Risk and Control – Adhere to all current processes and procedures to ensure the team maintains our high standards within the risk and control space. Calling out any issues in a timely manner. Also supporting the team by being able to recognise and suggest areas of improvement.
- Support internal and external relationships –
- Internal – Front Office, Middle Office, Instructions Team, BPA team, Finance and Actuarial, I.T, internal auditors, and Treasury.
- External – Third party suppliers (Fund Administration, Fund Managers and Custodians).
What we're looking for
Personal Attributes
- Communication skills to interact with internal and external other stakeholders
- Ability to follow current processes and controls and understand the risk factors
- Ability to work independently
- Proactive and adaptive within a constant changing environment
- Strong attention to detail and high level of accuracy
Qualifications
University Degree would ideal but this is not essential.
Experience
- Some cash management experience either within an asset management or life insurance organisation, would be ideal but not essential
- Some knowledge / experience in Custodian / Investment Operations industry is desirable
- Experience of operating and improving new or existing processes
- Knowledge of some or all of the following; trade lifecycles, FX, MMD, bond settlements, funding is desirable
- Understanding of how to effectively produce process maps / documentation for review
- Experience inputting and processing payments on custodian systems or equivalent
We want to hire the whole version of you.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Find out more about #LifeAtPhoenix
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
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