A global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely and responsibly. Through our two businesses MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient and scalable services, purpose-built solutions and modern technology platforms that deliver world class outcomes and experiences. A member of MUFG, a global financial group, we help manage regulatory complexity, improve data management and connect people with their assets, through exceptional user experience that leverages the expertise of our people combined with scalable technology, digital connectivity and data insights.
Overview
To effectively support the Accounting Operations functions, to ensure the provision of accounting operations services to all MUFG Group clients. This role entails providing payments and settlements, bank reconciliations and accounting support to pension clients.
Key Accountabilities and main responsibilities
Strategic Focus
- Support the Accounting Operations Team to ensure alignment with the company’s mission, strategy, and objective.
- Enhance standardisation of business processes to drive operational performance.
- Regular review work practices/procedures to identify opportunities to improve quality or productivity.
- Implement projects which provide a value added service and a reduction in operational risk to the MUFG Group which facilitate retention of existing profitable business and profitable growth of the client portfolio.
Operational Management
- Develop and implement changes to relevant policies and procedures within the Accounting Operations Team to ensure service quality standards and adherence to the latest regulatory and legislative requirements
- Ensure timeliness and accuracy of account payable entries, bank reconciliations, and key system processing
- Prepare and review transactions through banking platforms
- Prepare and review reports, and investigation outcomes on exceptions or flagged activities prepared by the Accounting Operations Team
- Resolve or further escalate issues, incidents, and risks raised by Accounting Operations Team for reporting internally to senior management and externally to client (governance meeting etc.)
- Perform procedural updates for Accounting Operations processes
- Ensure collaboration with internal functions (Operations, Business Support etc.) such as providing Accounting Operations input where needed in operational enquiries or internal system enhancements
- Partner with external parties (Banks, Custodians etc.) and act as Client Accounting representation where needed for discussions, negotiations, resolutions etc
- Delivery of organisational and technological change affecting the Accounting Operations team
- Implementation of new business processes to achieve beneficial improvements
- Emphasise the importance of client relationships and the critical nature of the processes across the team
- Enhance knowledge and skills within the Accounting Operations Team
- Support with training, coaching, and sharing of best practices with the Accounting Operations Team
- Encourage an environment of openness and information sharing within the Client Accounting Team, by participating regular team meetings and communication processes
Governance & Risk
- Ensure that all operations and practices are compliant with legislative requirements and Company policies and to critically appraise internal practices to achieve best practice across the Accounting Operations team
The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.
Experience & Personal Attributes
Experience
- 2+ years of relevant ORSO or pension funds’ payments, bank reconciliations, and accounts experience
- Strong understanding of pension administration, legislation, laws and regulations
- Strong understanding of all accounting concepts (i.e. Accounting standards) and reporting issues, including unit pricing
- Experienced with banking platforms, SWIFT and payment processing (local and global payments)
Personal Attributes
- Demonstrate general knowledge and understanding of business wide processes, actively working with these areas to improve processes
- Proactive with problem solving and analytical skills with organised and methodical approach to work undertaken
- Must be able to make objective assessment of findings, with recommendations on way forward if appropriate
- Demonstrate an ability to discuss day-to-day processes with clients or other internal department managers
- Continuous improvement in the efficiency of departmental process and procedures
- Ability to work with limited supervision, and under pressure
- Sound computer skills (Excel, Word, PowerPoint etc) and General Ledger knowledge (PeopleSoft preferred)
- Knowledge of aaspire or similar administration system highly regarded
