Cash Reconciliation Officer
Purpose
Responsible for
reconciling transactions to ensure correctness of all clients’ information.
Responsibilities
- Identify unmatched transactions and make follow-up
with the custodian and prepare reconciliation reports to the Fund
Administrators and Investment dealers;
- List unmatched accounts and to be remitted to the
suspense accounts;
- Review all daily transaction entries to verify the
correctness and completeness of the captured data and advise on required
actions;
- Reconcile collection account and ensure that any
wrong debit entries are rectified.
- Reconcile the various funds’ daily cash balances
between the Custodian and the in-house systems. (Administration and Fund
Management System);
- Prepare monthly reconciliation report of all the
fund accounts and explain the variances;
- File the monthly portfolio valuation reports for
Fund Manager and Custody;
- Work closely with Fund administrators, Investment
dealers, Custodians and payment platform providers i.e. PesaLink;
- Daily review of the suspense account and ensure
transfer to clients’ accounts for reconciled entries.
- Prepare weekly suspense position including the
Aging analysis;
- Prepare monthly reports for transactions at risk
for submission to Unclaimed Financial Assets Authority (UFFA).
Qualifications
- Bachelor’s Degree in relevant business field
- ACCA/CPA/CIFA (Added advantage)
- Up to two (2) years’ relevant experience.
Skills and
Competencies
- Computer literate in MS Office and other office
applications.
- Understanding of the working environment
/competitors.
- Technical competence in asset management
operations.
- Excellent communication and presentation skills.
- Problem solving skills.
- Excellent interpersonal skills.
- Good analytical skills.
- High attention to detail.
How to Apply
If you have the
aforementioned professional and academic qualifications and you are ready to
execute the above mandate, strictly apply through:https://cic.co.ke/job–application/clearly
indicating the position being applied for.
The application should
reach us by close of business on 19th October,
2021. Please note only short listed candidates will be
contacted. If you do not hear from us by 12th November, 2021 consider your
application unsuccessful.