Job Summary<\/p>\n
Fund Administration involves the Management and delivery of back-office services to Absa Asset Management Limited. The Fund Administration Manager is responsible for overseeing the administration and operational aspects of investment funds, ensuring compliance with regulatory requirements, accurate reporting, and efficient management of fund activities. This role acts as a key liaison between internal teams, external service providers, and regulatory bodies to maintain the integrity and performance of the funds.<\/p>\n
Job Description<\/p>\n
Fund Administration \u2013 40%<\/p>\n
\tMaintain accurate records, calculating net asset values, and generating reports for investors, managers, and regulators
\n\tTrack investments, handling trade settlements, and reconciling positions with custodians.
\n\tManage investments and redemption requests, distributing capital gains, and communicating with AAML
\n\tNavigate the complex regulatory landscape applicable to different fund types and ensuring adherence to best practices.
\n\tEnsure smooth operation and compliance of an entire investment fund.
\n\tExecute 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.<\/p>\n
Transaction Processing \u2013 40%<\/p>\n
\tEnsure overall processing of trade and related transactions
\n\tEnsure Processing of withdrawals, transfers and switches in a timely manner
\n\tEnsure Processing of daily corporate actions
\n\tPreparation and maintenance of client investments, portfolio pricing, net asset value calculation and expense accrual calculations
\n\tEnsure trade and position break reports are actioned including\u00a0 daily reconciliations of both assets and cash.
\n\tEnsure preparation of accurate financial statements
\n\tEnsure preparation of accurate and timely regulatory reporting
\n\tEnsure timely tax reporting
\n\tComputation of performance fees
\n\tCalculation of the net asset value (daily, weekly, monthly)
\n\tEnsure distribution is performed timeously
\n\tTracking of return of capital and return rates
\n\tEnsure compliance with anti-money laundering procedures
\n\tEnsure compliance with internal systems, procedures and processes
\n\tAny other duties that may from time to time be required which are appropriate to the role and business requirements.<\/p>\n
People Management \u2013 10%<\/p>\n
\tTeam Leadership: Lead and mentor the fund administration team, ensuring adequate training and development of staff.
\n\tPerformance Management: Conduct performance reviews and set clear objectives for team members.
\n\tProcess Improvement: Implement best practices in fund operations and continuously seek process improvements to enhance efficiency and accuracy.<\/p>\n
Risk Management \u2013 10%<\/p>\n
\tRisk Control: Identify and mitigate risks associated with fund operations, ensuring robust internal controls are in place.
\n\tException Reporting: Investigate and resolve exceptions or discrepancies in fund transactions, working closely with other departments such as IT, risk, and finance.<\/p>\n
Knowledge Skills & Experience<\/p>\n
\tA good appreciation of the overall Asset management and how they impact on the overall business.
\n\tA good knowledge of the banks operating systems, processes, and procedures
\n\tA detailed understanding of Operational risk issues and Policies on Operational risk and information security
\n\tA good knowledge of Absa Kenya products, service standards and customer requirements
\n\tGood Understanding of Asset management
\n\tGood Knowledge of Customer service
\n\tLeadership Capabilities<\/p>\n
Qualifications<\/p>\n
\tBachelor\u2019s Degree & Professional certifications<\/p>\n
Apply Through:<\/p>\n
absa.wd3.myworkdayjobs.com<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/absa.wd3.myworkdayjobs.com","_company_name":"Absa Bank Limited","_company_website":"http:\/\/www.absa.co.za","_company_tagline":"Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Ba... read morenk PLC and is listed on the JSE Limited. The Group is one of Africa\u2019s major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. The Group was formed through combining Absa Group Limited and Barclays\u2019 African operations on 31 July 2013. Reflecting the enlarged group\u2019s pan-African focus, the Group's name changed from Absa Group Limited, to Barclays Africa Group Limited on 2 August 2013. Registered head offices are in South Africa and the Group has majority stakes in banks in Botswana, Ghana,Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group has representative offices in Namibia and Nigeria, as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.Barclays Bank PLC has operations in Egypt and Zimbabwe, which are part of the African business and continue to be run by Barclays Africa Group\u2019s management","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[692],"job-categories":[693,701,1301],"job-types":[687],"class_list":["post-95111","job_listing","type-job_listing","status-publish","hentry","job_listing_region-nairobi","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings\/95111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/media?parent=95111"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job_listing_region?post=95111"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-categories?post=95111"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-types?post=95111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}