CIC Insurance is hiring an Investments Operations Officer in Nairobi, skilled in trade settlement, corporate actions management, and portfolio reconciliations.
About the Role
Reporting
to the Head of Investments Operations, the role involves managing proper trade
settlement with custodian custodians, settlement of corporate actions across
portfolios as well as daily reconciliations of unit trust purchase
transactions, cash and assets
Key Responsibilities
- Ensuring trades, allocations and settlements are executed accurately
on custodian statements.
- Review all daily entries to verify the correctness of the captured
data and advise on required actions.
- Update NSE prices and exchange rates in our core Fund management
system.
- Identify and follow up on un matched transactions and make follow
ups with the custodian and inform fund administrators (retail
transactions) as well as the dealers
- Reconcile daily m-pesa purchases and list the unmatched accounts and
notify the Fund Administrators of amounts to be remitted to the suspense
accounts and any discrepancies;
- Reconcile daily bank purchases and list the unmatched accounts and
notify the Fund Administrators of amounts to be remitted to the suspense
accounts and any discrepancies;
- Prepare and record monthly reconciliation reports of all the unit
trust purchases
- Tracking and processing of Corporate Actions
- Monthly portfolio holdings reconciliation of funds
- Portfolio performance computation
- Agent commission population and reconciliation
- Preparation of payments of Custody and Trustee fee invoices and keep
records for finance payments of VAT withheld
- Resolve queries/complaints on interest, commission, valuation, tax
- Assist in process improvements and System tests for new updates.
- Creating products-Creating and onboarding new clients upon
successful tenders and RFPs in the fund management system
- Files the monthly portfolio valuation reports from CICAM and
Custody.
Qualifications
- Bachelors Degree in Business Related Studies
- CPA, CIFA ,CISI
- Minimum of 3-years relevant experience.
- Candidates with experience in fund management and banking sector are
highly preferred
How to Apply
