We have an exciting opportunity for a Financial Controls Accounts Technician Assistant to join our team on a permanent basis in our Edinburgh office.
The Financial Controls Accounts Technician Assistant will play a crucial role in maintaining the accuracy and integrity of our financial records. This position requires a strong understanding of accounting principles and excellent organisational skills.
You will be responsible for supporting processing, control, and reconciliation of financial transactions in a cost-effective manner in line with Finance procedures.
About the role
- Ensure that all SL Pension policy transactions e.g., premiums, income payments, exits, which are processed through the various policy administration systems are correctly accounted for and controlled.
- Daily /weekly and monthly reconciliation routines where every policy transaction must have a matching financial (accounting) transaction ensuring correctly controlled and accounted for in the ledger.
- Query management and resolution.
- Ensure all income (Annuities, Income Drawdown and Triviality) made to clients are paid on time and taxed and reported to HMRC correctly.
- The tax deducted on these payments is remitted to HMRC on a monthly basis within legislative timescales, and that the total paid fully reconciles to what has been deducted from our policyholders.
- At fiscal year-end issue P60 documentation to all relevant clients who have received taxable income during the fiscal year.
- Test changes to SLP systems which have an operational impact on the work carried out within the team.
About you
- Accounting knowledge and skills developed through formal training or work experience.
- Understanding of the operation of the PAYE tax regime i.r.o. pension payments.
- Good communication skills both written and verbal.
- Liaise with both internal and external customers where applicable.
About Royal London
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.
We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits
Inclusion, diversity and belonging
We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.
