Pensions Finance Manager

Job Title

Pensions Finance Manager

Band: 3
Salary:
Circa £65,000

Location:

Palestra/Hybrid

Hybrid working enables a balance of 50% of time split between the office and home over a 4-week period. Hybrid arrangements can evolve subject to business requirements.

This role is responsible for managing, controlling and developing the TfL Pension Fund's financial accounting system, investment accounting, records and processes to ensure achievements of the following in accordance with TfL Pension Fund procedures and deadlines:

• Investment transactions are correctly processed and recorded by the Fund's Global Custodian and correctly reflected in the Fund's nominal ledger.
• Payments and receipts are correctly processed and recorded.
• Cash and bank accounts are effectively controlled and reconciled.
• Nominal ledger accounts are reconciled.

• Accountable to the Pensions Finance Lead.
• Providing full financial accounting support ensuring appropriate accounting policies are in place.
• Support the preparation of the Fund's Annual Reports and Accounts and annual budget.
• Support the preparation of the Fund's cash flow and quarterly financial and investment reports for review by the Trustee Board.
• Carrying out periodic financial reporting and analytics.
• Preparing supporting schedules to the Fund's year-end accounts.
• Monitoring investment transactions against compliance with the agreed criteria as set out in the Investment Managers' and Global Custodian mandates.
• Ensuring all investment transactions are correctly processed and recorded by the Global Custodian and Investment Managers.
• Managing processes to ensure that all payments are made in accordance with TfL Pension Fund procedures.
• Maintaining and operating financial systems and procedures for the Fund's sectionalised structure to facilitate the unitisation of the Fund's assets and the calculation of quarterly unit prices.
• Preparing the Fund's tax, VAT, Office of National Statistics and other statutory returns.
• Managing the performance of a team.
• Managing the Fund's cash flow to ensure all payments; benefit payments, invoices and investment payments are made in a timely manner.
• Treasury function of the Fund and working closely with the in-house investment team, investment managers and the Global Custodian on investment transactions.

Skills

• Recognised accounting (CCAB or equivalent) qualification or substantial progress towards one.
• Analysing and interpreting data.
• Excel – expert.

Knowledge

• Investment accounting.
• Financial accounting systems.
• Accounting standards, SORP reporting requirements.
• The legal and tax law regarding pensions and finance.

Experience

• Experience in Pension accounting and Investment accounting.
• Substantial experience of reviewing and reconciling Global Custodian investment accounts to Investment Managers' reports.
• Substantial experience of reviewing and reconciling account balances on computerised systems.
• Experience of taking accounting, systems or process issues to resolution.

We are committed to equality, diversity and inclusion. We aim to represent the city we serve, which will help us become a more innovative and efficient organisation. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Please apply using your CV and a two-page covering letter. PDF format preferred and do not include any photographs or images.

The closing date for applications is Sunday 22nd March 2026 @ 23:59.

All offers of employment are subject to satisfactory right‑to‑work checks. Candidates must be able to demonstrate their right to work in the UK. At the present time TfL is unable to offer visa sponsorship for this role.

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