Fund Finance and Operations Analyst (BPPTL)

Job ID: 674359
Location: London
Category: Operations
Salary: Negotiable
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Role synopsis
BP Pension Trustees Limited (BPPTL) is the corporate trustee company that manages the BP Pension Fund on behalf of all stakeholders. The UK Pension Fund holds assets of approx. £24bn and serves about 70,000 members. The Trustee Board determines the investment strategy of the Fund, including those overarching strategies relating to the broad allocation of assets, the articulation of risk parameters, and its investment beliefs and policies.

The role
Do you want to gain insight into one of the UK’s largest pension funds? Are you looking to apply your experience in new areas? Are you interested in working with the Fund’s Operations team influencing senior management to take action? Are you looking to develop new, industry leading, technical skills?
The Finance and Operations Analyst role can help you achieve such goals as it builds on experience you have gained in other businesses and provides you with the unique insight into one of the UK’s largest pension funds. Reporting to the Chief Operating Officer (COO), the Finance and Operations Analyst is accountable for supporting the COO team with analysis on Fund Performance and Accounting and providing operations support.
This role also needs to collaborate efficiently with the full BPPTL team to provide support when required.

Key Dimensions:

The BP Pension Fund (BPPF) is one of the largest private sector pension schemes in the UK.
Assets – £24.1 billion (31 August 2016)
Liabilities (Gilts + 1% basis) – £26.5 billion
Funding Level – 90.9%
Membership – over 73,000
The principal section of the Fund, the BP Pension Scheme, offers a non-contributory final salary benefit.

Key accountabilities
Fund Finance and Accounting
Support the Fund Finance Manager in analysing the Fund performance using data from PnA and other sources as required.
Work with the Fund Finance Manager preparing the Quarterly Performance Review (QPR) or equivalent for the Fund.
Support the Fund Finance Manager with Fund and BPPTL statutory Accounting and Reporting.
Work with the CIO team if more analysis is required on Fund Performance or individual Manager Performance.
Fund Operations
Support the Fund Operations Manager with documentation management for policies and contracts.
Work with the Fund Operations Manager reviewing the ASA and the administration KPIs provided by BPPL.
Support the Fund Operations Manager and the COO preparing regular reviews with BPPL.
Support the Trustee’s Discretionary and IDRP Committees as required.
Support the COO if required with the preparation of Board Papers.
Support CoSec if required with documentation management.
Strive for continuous improvement of content and process and support ad hoc projects.
Key Challenges:
Staying on top of the multiple incoming requests
Balance urgency of delivery and diligence of work

Essential Education
University degree or equivalent
Essential experience and job requirements
Some experience in Investment Performance Reporting and Accounting
Organized and structured
Highly numerate and strong attention to detail
Track record of getting things done

Other Essential Skills and Knowledge:
Advanced/experienced MS Excel user.
Good networker
Other Requirements (e.g. Travel, Location)
Any other relevant information:
This role is not a FCA Controlled Function and therefore not FCA regulated.
Desirable criteria & qualifications
Prior experience in a pensions environment
Experience of document management systems (e.g. SharePoint)
Relocation available
Travel required
Is this a part time position?
About BP
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

BP Pension Trustees Limited (the Trustee) is responsible for managing the BP Pension Fund in accordance with the Trust Deed and Rules, any relevant policies agreed with the Company and the limits set by law.

Corporate & Functions
Closing Date
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