PURPOSE:
Reporting to the Head of Investment Operations, the role holder will be responsible for 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.
PRIMARY 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.
Generic Duties:
- Participate in planning and budgeting for the department.
- Participate in various meeting and committees;
- Support internal and external audits
- Any other duty as may be given by the line manager
| Key Skills, Knowledge, Experience and Behavioural Competencies | |||||||||||||
Academic and Professional Requirements
Experience Required:
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| 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. |
If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, strictly apply through: https://careers.cicinsurancegroup.com/ clearly indicating the position being applied for.
The application should reach us by close of business on 25th September, 2025. Please note only short-listed candidates will be contacted. If you do not hear from us by 31st October, 2025 consider your application unsuccessful.
N/B: This job advert is open to both internal and external candidates.