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OPERATIONS OFFICER: RECONCILIATION & PERFORMANCE

  • Full Time
  • Anywhere

PURPOSE:

Responsibilities as an Operations Officer: Reconciliation & Performance for the investment operations team involves managing proper trade settlement with our custodians, settlement of corporate actions across portfolios as well as daily reconciliations of unit trust purchase transactions.

PRIMARY RESPONSIBILITIES:

  • Timely and accurately handle trade management, processing, trade input and act as the liaison between custodians and the firm
  • 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
  • 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 and performance
  • 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.
 
Key Skills, Knowledge, Experience and Behavioural Competencies
These are defined as;

Proficiency Level Description  
Essential E
Desirable D

Academic and Professional Requirements

Particulars Detail Specific Field or Qualification  Need

Type
Education Bachelor’s Degree University Degree in Business related studies or equivalent Professional from a reputable university E
  Professional Qualifications CPA, CIFA, CISI or equivalent

 

 E

Experience Required:

Description Required years of experience  Need Type
Relevant experience 2 E

Behavioural Competencies

These are defined as:

  Proficiency Level  Proficiency Definitions
Level 2

 

 Basic (B2)

 

 ·         Applies the competency in somewhat difficult situations.

·         Requires frequent guidance.

 

 

Core Competencies  Proficiency Required
1.    Customer Focus B
2.    Business Acumen B
3.    Driving Innovation B
4.    Driving Business Performance B
5.    Negotiation and Influence B
6.    Effective Communication B
 

Leadership Competency Proficiency Required
  1. Planning and organizing
 B
  1. Accountability
 B
  1. Quality Decision Making
 B
  1. Building Partnerships
 B
  1. Continuous Learning
 B
  1. Emotional Intelligence
 B
  1. Conflict Management
 B
Special Position Requirements (Optional section: any travel, security, hazard or related special conditions which apply to the position)
·         The role holder may be required to travel to distant branches or wherever the Company has any interest.

·         Role holder may be required to work extended working hours to ensure jobs are completed on schedule and to specification.
CIC Insurance Values
CIC insurance Group is committed to providing excellent service, spur further growth and employees are required to align their behaviour to the following core values as critical to driving their performance;

  • Integrity- Be fair and transparent
  • Dynamism- Be passionate and innovative
  • Performance- Be efficient and results driven
  • Co-operation- Live the Co-operative spirit

Job Profile Sign-Off

In the performance of their respective tasks and duties, all employees are expected to conform to the following;

  1. Perform quality work within deadlines, right first time with or without direct supervision.
  2. Interact professionally with other employees, customers and suppliers.
  3. Work effectively as a team contributor on all assignments.
  4. Work independently while understanding the necessity for communicating and co-coordinating work efforts with other employees and organizations.
  5. Unconditional positive regard for customers.

If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, strictly apply through:  https://ke.cicinsurancegroup.com/career/ clearly indicating the position being applied for.

The application should reach us by close of business on 3rd June 2024. Please note only short-listed candidates will be contacted. If you do not hear from us by 5th July 2024 consider your application unsuccessful.

N/B: This job advert is open to both internal and external candidates.

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