Role Profile Ref:CR173
Job Title: Investment Finance Manager Grade: Spinal column
Department: Corporate Finance Post PO36192
Directorate: Corporate Finance and Audit Location: PH, Ealing
Role reports to: Group Manager Treasury & Investments
Direct Reports: Treasury and Investments Accountant
This role profile is non-contractual and provided for guidance. It will be updated and
amended from time to time in accordance with the changing needs of the council and
the requirements of the job.
Recruitment practices to safeguard and promote the welfare of children and/or vulnerable
adults apply to this post in addition to the requirement to obtain a Criminal Records Bureau
(CRB) check. (Delete if not applicable).
PURPOSE OF ROLE:
Provide a trusted and professional financial service that enables the Treasury
and Investments finance team to deliver their service plans, to actively seek
solutions, and promote sound financial governance, in order to deliver value and
the best possible outcomes to Ealing Communities
In detail: The primary purpose of this post is to provide professional financial
management of the Ealing, to manage and monitor the arrangements and
relationships with Pension Fund managers and providing reports to Pension Fund
To be responsible for the efficient and effective provision of a comprehensive
finance function including all aspects of budget maintenance, monitoring, control
and reporting and the year end closing of accounts, ensuring financial best practice,
in accordance with statutory requirements and the Council’s policies and
procedures. To deputise for the Treasury and Investments Manger in relation to all
operational aspects of the Treasury and Investments finance function as required.
Specific duties include, but are not limited to, financial management of the Pension
Fund. In 2008/9 the Pension Fund is valued at c£500M
Core HR & OD Department
• Pension Fund Investments
To lead the closing of the Pension Fund Accounts ensuring that all relevant final
accounts files are prepared properly with working papers and in accordance with
Financial Regulations, CIPFA code of Practices and to meet District Audit
Liaise as necessary with internal and external auditors in the conduct of their
audit. Respond to auditors’ questions and to opinions and recommendations
included in formal audit reports
To develop and enhance the quality of information provided to Members, Senior
Officers and Service Managers for the purpose of financial management,
monitoring and control.
Take and active role in major areas of contract management work such as the
actuarial advice and investment advice tenders
To provide sound financial advice in the evaluation of new contracts and tender
To prepare Cabinet reports and responses as required to Members’ enquiries in
relation to all aspects of the treasury and investments finance function.
Keep abreast of developments in the Local Government Pension Scheme
Regulations, other legislation as appropriate and Local Government Finance
policy and practice, in order to provide advice on a wide range of complex
To assess the impact of changes to local government pension fund accounting
regulations on the Ealing Pension Fund and its stakeholders.
Prepare and present reports as required and other information, which analyse
and evaluate the financial implications of complex service issues. Highlight
regulatory issues as necessary.
Assist the Treasury Investments Manager participate in the formulation of
detailed Pension Fund objectives and policies.
Ensure that financial systems continue to meet the requirements of the Ealing
Pension Fund and are utilised to maximum effect, co-ordinating development
requirements with the Head of Financial Control and Reporting.
Monitor compliance with the Statement of Investment Principles and Myners
Principles ensuring that changes within the Council’s investment strategy and
legislative changes are reflected in the Statement.
Monitor the implementation of the Statement of Investment Principles, Corporate
Governance and Socially Responsible Investment Policy. Ensure that the Fund
managers comply and where required prepare reports on compliance.
Core HR & OD Department
Review monitoring procedures of Investment Fund Managers continually to
ensure that they meet best practice and are effective.
To facilitate or provide training for the Pension Fund Panel members.
Liaise with the W M company ensuring that relevant data is provided to monitor
the performance of the Fund
Prepare regular reports for management and the Pension Fund Panel in relation
to budget monitoring, cashflow and working capital.
Prepare an annual budget for approval by the Pension Fund Panel
To maintain accurate auditable records of all pension fund investments and
create procedures and processes to generate data required for actuarial
valuations thus minimizing delay and cost in the preparation of the Actuarial
To attend as required London Wide Pension Fund Forums or and any other
appropriate user/benchmark groups.
To be responsible for ensuring effective liaison with other teams such as
Financial Control, Service Finance Teams, Procurement, Legal and internal audit
and to promote joint working arrangements and the sharing of information.
To be responsible for keeping up to date with Accounting and relevant statutory
legislation, regulations, standards, service developments and initiatives and the
Council’s policies and procedures.
• Treasury Management
To deputise for the Group Manager Treasury and Investments (Sc18) in all the
operational functions of the Finance Team as required in accordance with
relevant legislation, codes of practice, internal policies and corporate strategies.
To develop in conjunction with the Group Manager Treasury & Investments short
and long-term investment and borrowing strategies and to assist in writing the
annual Treasury Management Strategy report for agreement by Cabinet and full
Council prior to the start of the financial year.
To provide Treasury dealing cover as and when required making sure that all the
processes meet the set procedures.
In conjunction with the Group Manager to identify, evaluate and manage the
risks associated with in-house Treasury Management activities and assist in
developing systems, policies and procedures to effectively control those risks.
To review and make proposals to senior managers on the the Council’s lending
and borrowing criteria.
Assist in developing system, policies and processes to manage the Council’s
consolidated cashflows, investment and long-term debt portfolios, pursuing
optimum performance whilst safeguarding the council’s financial instruments
Core HR & OD Department
through effective risk management and internal controls.
To be responsible for the promotion and implementation of all the Council’s
policies and procedures including equalities and diversity, health and safety,
security and the use of personal data.
To undertake any ad-hoc treasury management and pension fund project work
as directed by the Group Manager Treasury and Investments.
To be responsible for Council assets including the team lap top computer,
projector and mobile communications equipment, when giving presentations to
staff and non-staff on and outside Council premises, and when working on
Council business either at home, or at locations outside Perceval House,
(Pension Fund Panel meetings and investment managers)
To safeguard at all times all confidential Council information, both at and outside
Perceval House, stored on all mediums including the laptop, all portable memory
devices, and hard copy presentations.
KEY PERFORMANCE INDICATORS:
Pension Fund Panel and Cabinet kept accurately informed on a timely basis to
enable well managed budgets.
Efficiencies gained through financial involvement in contract tendering, project
costing, post project implementation reviews.
Audit schedules provided within deadline agreed.
Meet Star Chamber and other Corporate deadlines.
KEY RELATIONSHIPS (INTERNAL AND EXTERNAL):
Executive Directors, Directors, Heads of Service, Process & Data Manager, Business
Services Group staff, Senior Managers in all directorates, The Pension Fund
Investment Managers user group Forum
The Council’s Independent Investment Consultants
The Council’s Actuaries
The Pension forum of scheduled and admitted bodies
Groups of Local Authority Pensions Fund Investment officers
AUTHORITY LEVEL (PEOPLE, POLICY, FINANCIAL):
Core HR & OD Department
Recruitment practices to safeguard and promote the welfare of children and/or
vulnerable adults apply to this post in addition to the requirement to obtain a Criminal
Records Bureau (CRB) check. (Delete if not applicable).
ESSENTIAL KNOWLEDGE, SKILLS & ABILITIES:
Ability to operate accounting software is essential
Knowledge of the statutory framework and accounting standards
Experience in working directly and with managing major supplier
contracts/relationships ideally monitoring the performance of Pension Fund
Experience of advising senior managers and Council members on financial
management issues pertaining to the Pension Fund and financial report writing.
Full knowledge and experience of Statutory requirements and best practice and .
Knowledge of Local Government finance
Awareness of current economic conditions
Experience of using and developing effective spreadsheet models using advanced
ESSENTIAL QUALIFICATION (S):
The post-holder must have full CCAB accountancy qualification with a proven
track record in local Government finance
PERSONAL STYLE AND BEHAVIOUR
Good team player
Proven ability to communicate at all levels and in particular display fluent verbal and
written communication skills consistent with operating at Member and senior
management level and in explaining complex investment and financial matters to non
Ability to deal competently with high level internal and external contacts
Able to work on own initiative
Produces written communications, which are clear, fluent, concise and jargon-free,
and are readily understood by intended recipient(s).
KEY COMPETENCIES/ ESSENTIAL KNOWLEDGE/SKILLS
Ability to work to tight deadlines and prioritise.
Strong analytical skills and ability to interpret and evaluate very highly complex data
and present it in an understandable format
High level of numeracy with the ability to perform calculations accurately and at
Excellent verbal and written communication skills.
Ability to confidently influence persuade and negotiate
Thorough understanding of local democracy and associated processes, practices
and culture required for delivering strong, healthy local governance.
Ability to attend work early when required to undertake the money market dealing.
Core HR & OD Department
The list below states the level needed in each competency for effective performance in a role.
1. Role requires a generally low level of competence. It may only require an awareness of this competency,
or may provide experience to operate at a higher level.
2. Role requires a moderate level of competence, the ability to cope with standard problems/common
situations, and competence at day-to-day application.
3. Role requires a high level of competence, the ability to cope with unusual/non-standard problems and
issues, and awareness of alternative options and approaches to situations. Requires ability to guide or
advise others in this area and is able to look ahead and anticipate future needs.
4. Role requires an exceptional level of competence and advanced application. Requires ability to develop
innovative approaches, stretch others’ thinking and challenge them to excel by setting exceptional
Results focus: (new) Sets and delivers stretching targets, in line with the Corporate Plan & Priorities and
with Ealing’s standards and procedures; seeks and takes responsibility for enhancing performance; does
what is necessary to achieve the required output, rather than just performing a set of tasks. Level 4
Customer focus: Actively seeks to identify, understand and give priority to meeting customer needs. Acts in
accordance with the needs of customers (external or internal), partners and the wider community. . Level 3
Job expertise: (new) Has the necessary technical and professional knowledge and expertise, and uses it
effectively. The areas of job expertise required vary significantly between services and between roles. The
areas required in any specific role must be discussed with individuals. . Level 4
Communication: Uses clear language that can be understood by mixed audiences. Communicates
effectively (speaking, listening, in writing and when presenting), as required. . Level 4
Change orientation: Looks for and proposes ways to improve service and will, if necessary, challenge the
status quo to produce improvement. Shows initiative, and adapts to change requirements, by continually striving
to improve processes, activities, and own performance. . Level 3
Managing self: Effectively organises self and projects as required, using Ealing systems, processes and
policies. Can describe own strengths, development needs, impact and approach. Takes personal
responsibility for own role and own development as a result. . Level 4
Working in teams: Co-operates with others, by working together, supporting and influencing colleagues,
and being a part of a range of teams as appropriate. Shares information with colleagues and partners to
enable them to carry out their roles more effectively. . Level 3
Managing people and business (For managers only): Manages the performance and development of all
staff who report to them in a way that supports the Ealing vision and values. Encourages and supports staff
and colleagues to develop to their full potential. Demonstrates sound financial, business and resource
management. . Level 3
Leading in the organisation (For managers only): (new) Leads change and ensures effective implementation
through programme and project delivery. Provides direction for the organisation and individual departments. Gains
commitment from stakeholders to the vision, strategy and the resources required. . Level 3
Core HR & OD Department