AAML -Fund Administration Manager at Absa Bank Limited
Job Summary
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.
Job Description
Fund Administration – 40%
Maintain accurate records, calculating net asset values, and generating reports for investors, managers, and regulators
Track investments, handling trade settlements, and reconciling positions with custodians.
Manage investments and redemption requests, distributing capital gains, and communicating with AAML
Navigate 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 transactions
Ensure Processing of withdrawals, transfers and switches in a timely manner
Ensure Processing of daily corporate actions
Preparation and maintenance of client investments, portfolio pricing, net asset value calculation and expense accrual calculations
Ensure trade and position break reports are actioned including daily reconciliations of both assets and cash.
Ensure preparation of accurate financial statements
Ensure preparation of accurate and timely regulatory reporting
Ensure timely tax reporting
Computation of performance fees
Calculation of the net asset value (daily, weekly, monthly)
Ensure distribution is performed timeously
Tracking of return of capital and return rates
Ensure compliance with anti-money laundering procedures
Ensure compliance with internal systems, procedures and processes
Any 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.
Knowledge Skills & Experience
A 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 procedures
A detailed understanding of Operational risk issues and Policies on Operational risk and information security
A good knowledge of Absa Kenya products, service standards and customer requirements
Good Understanding of Asset management
Good Knowledge of Customer service
Leadership Capabilities
Qualifications
Bachelor’s Degree & Professional certifications
