AAML -Fund Administration Manager

JOB SUMMARY

Knowledge Skills & ExperienceA good appreciation of the overall Asset management and how they impact on the overall business.A good knowledge of the banks operating systems, processes, and proceduresA detailed understanding of Operational risk issues and Policies on Operational risk and information securityA good knowledge of Absa Kenya products, service standards and customer requirementsGood Understanding of Asset managementGood Knowledge of Customer serviceLeadership CapabilitiesQualificationsBachelor’s Degree & Professional certifications

RESPONSIBILITIES

Fund Administration – 40%Maintain accurate records, calculating net asset values, and generating reports for investors, managers, and regulatorsTrack investments, handling trade settlements, and reconciling positions with custodians.Manage investments and redemption requests, distributing capital gains, and communicating with AAMLNavigate the complex regulatory landscape applicable to different fund types and ensuring adherence to best practices.Ensure smooth operation and compliance of an entire investment fund.Execute Fund Administration activities including fund accounting, financial reporting, net asset value calculation, capital calls, distributions, investor communications and other functions carried out in support of an investment fund.Transaction Processing – 40%Ensure overall processing of trade and related transactionsEnsure Processing of withdrawals, transfers and switches in a timely mannerEnsure Processing of daily corporate actionsPreparation and maintenance of client investments, portfolio pricing, net asset value calculation and expense accrual calculationsEnsure trade and position break reports are actioned including  daily reconciliations of both assets and cash.Ensure preparation of accurate financial statementsEnsure preparation of accurate and timely regulatory reportingEnsure timely tax reportingComputation of performance feesCalculation of the net asset value (daily, weekly, monthly)Ensure distribution is performed timeouslyTracking of return of capital and return ratesEnsure compliance with anti-money laundering proceduresEnsure compliance with internal systems, procedures and processesAny other duties that may from time to time be required which are appropriate to the role and business requirements.People Management – 10%Team Leadership: Lead and mentor the fund administration team, ensuring adequate training and development of staff.Performance Management: Conduct performance reviews and set clear objectives for team members.Process Improvement: Implement best practices in fund operations and continuously seek process improvements to enhance efficiency and accuracy.Risk Management – 10%Risk Control: Identify and mitigate risks associated with fund operations, ensuring robust internal controls are in place.Exception Reporting: Investigate and resolve exceptions or discrepancies in fund transactions, working closely with other departments such as IT, risk, and finance.

REQUIRED SKILLS

Accounting, Year end reporting, Reporting, Financial analytics and forecasting

REQUIRED EDUCATION

Bachelor's degree