AAML -Fund Administration Manager at Absa Bank Limited

• 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.

• 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.

• 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 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.

• 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

• Bachelor's Degree & Professional certifications

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