Hotline: +25498316365

Assistant Fund Administrator Job Jubilee Insurance 30 views

Assistant Fund Administrator Job, Latest Administration Jobs In Kenya,

Job Ref. No: JAML006

Role Purpose:

  • The role is accountable for the day-to-day execution of client withdrawals & fund switch requests and Investment reconciliations. The role will deliver operational effectiveness ensuring TAT on client disbursement of funds for excellent client experience.

Main Responsibilities:

  •  Receipt of customers funds from all channels including mobile and bank platforms.
  •  Inflow accounts reconciliation and transfer of funds from Mobile money accounts and bank collection accounts into the investment account.
  •  Disbursement accounts reconciliation.
  •  Prepare the suspense report and monitor suspense activity.
  •  Responsible for withdraw/switches, redemption of units and reconciliation of client accounts on a daily basis.
  •  Debiting clients’ accounts and process payments end-to end.
  •  Preparation of letters/inbanking instructions to the custodian to facilitate payments.
  •  Preparation of monthly interest disbursements and standing order payments
  •  Liaise with custodians for resolution of reconciliation issues.
  •  Distribute income for the various funds at different periods.
  •  End of day process for purposes of generating pricing.
  •  Prepare weekly and monthly production reports.
  •  Participate and attend scheduled trustee meetings.
  •  Generate commission monthly statements for review and approval.
  •  Prepare and dispatch instructions to the custodians.
  •  Prepare monthly Fund Valuation reports.
  •  Prepare regulatory, trustees and clients reports.

Compliance Monitoring and Adherence:

  •  Monitoring regulatory changes and ensuring that the firm’s operational activities remain compliant with all applicable regulations and policies.
  •  Conducting regular compliance reviews and audits to ensure adherence to regulatory requirements.

Risk Management:

  •  Monitoring fund performance and identifying risks associated with fund operations.
  •  Developing and implementing risk management strategies to mitigate risks and ensure the safety of fund assets.
  •  Working with other departments to ensure that all risks are identified and addressed.

Key Competencies:

  •  Knowledge of capital markets and CMA regulatory requirements
  •  Knowledge of Fund Valuation.
  •  Knowledge of investment classes.
  •  Excellent customer service, communication, and presentation skills.
  •  Strong interpersonal skills.
  •  Excellent written and oral communication abilities.
  •  Ability to work accurately with close attention to detail; strong ability to scrutinize and examine.
  •  Ability to take initiative and prioritize tasks; good time-management, multi-task, problem-prevention, and problemsolving skills.
  •  Willingness to adapt to changing business needs.
  •  Ability to exercise prudent judgment.
  •  Proactive and able to work with minimal supervision.

Academic Background and Relevant Qualifications:

  •  Bachelor’s degree in finance, Accounting, Economics, Business Administration, or related fields.
  •  Professional qualifications such as ACCA, CFA, or CPA are an added advantage.
  •  Strong computer skills with proficiency in Microsoft Office and at least 2-3 years’ experience in a similar role and fund accounting and reporting systems.

How to Apply

If you are qualified and seeking an exciting new challenge, please apply via quoting the Job Reference Number and Position by Friday, 9th June 2023

Share this job

Leave your thoughts

Search Job

Careerlink provides access to offers of employment, contract opportunities, training and professional advice for job seekers and employers alike.

Contact Us

Careerlink Jobs
Nairobi Kenya.