Job Type : Internship
Qualifications
LEARNING OPPORTUNITIES
Job Category : Financial Services
Closing Date: January 13th, 2020
Location: Nairobi
Cytonn Investments is an alternative
investment manager, with real estate development capability, and a primary
focus on private equity and real estate investments in the high growth Kenyan
Region. Cytonn has a unique strategy of coupling two compelling demand areas –
the lack of high yielding investment products due to the large banking spread,
and the lack of institutional grade real estate; by providing high yielding
instruments to attract funding from investors, and we deploy that funding to
investment grade, well planned and comprehensive real estate developments that
are largely pre-sold.
With offices in Nairobi, Nakuru, Nyeri and Kisumu – Kenya
and Washington, DC – USA, we are primarily focused on offering alternative
investment solutions to global and local institutional investors, individual
high net-worth investors, and diaspora investors interested in the East-African
region.
Real estate investments are made through our development affiliate, Cytonn Real
Estate, where we currently have over Kshs. 82 billion (USD 820 mn) of projects
under mandate across ten projects. In private equity, we invest in banking,
education, and hospitality. Our financial services investments in Sub Saharan
Africa are made through our Cytonn Africa Financial Fund (CAFF). Investments in
education and hospitality are made through Cytonn Education Services and Cytonn
Hospitality, respectively.
The intern will be involved in the
various activities in Fund Operations from Client management to portfolio
administration duties.
Responsibilities
- Portfolio administration: Ensure proper
recording of all portfolio transactions including: client’s contributions,
withdrawals and any corporate actions
- Assist in the preparation and distribution of
client statements and investment reports for the investment team
- Ensure effective and timely reporting for fund
position and return to clients
- Communicate and reconcile portfolio activity
with custodian banks and administrators
- Interact with clients, their advisers,
custodians and administrators regarding portfolio operations
- Timely release of accurate financial and
portfolio data
- Maintains controls by preparing and
recommending policies and procedures to be followed
- Maintains financial security by coming up and
following internal controls
- Preparation of payments by verifying
documentation
- Ensuring compliance with taxation and any
other financial legal requirements
- Preparation of special reports by collecting,
analysing, and summarizing account information and trends
-
Drive efficiency by spearheading automation processes and enhance internal
systems for communication within the department
- Follow up on clients’ overdue payments by sending
payment reminders
- Reconcile the accounts receivable ledger to
ensure that all payments are accounted for and properly posted
- Generate reports detailing accounts receivable
status
- Undertake cashbook reconciliations on a daily
basis by providing bank reconciliations
- Any other duties as may be assigned from time
to time
Qualifications
- Diploma certification in business or related
field (achieved)
- A minimum qualification of at least C plain
and above or equivalent in High School
- Strong computer proficiency skills in all
Microsoft Office packages
- Excellent data analytical skills
- Positive attitude and flexibility to handle
diverse tasks
- Ability to handle multiple tasks
simultaneously, with great accuracy, organization, attention to detail and
follow-through
- Ability to carry out assigned projects to
completion
- Ability to maintain solid relationships with
staff members, clients and consultants
- Ability to multitask and be flexible to
working long hours where requested upon
LEARNING OPPORTUNITIES
The Intern will have an opportunity to
work in a fast-paced investment environment where they will learn client
management and portfolio management skills.
We are seeking to employ a young,
energetic, passionate, creative, highly motivated, self-directed, team player
and hardworking individual looking to join the team as a Funds Operations
Intern.
How to Apply