Team Lead, Fund Operations

Team Lead, Fund Operations

Job Location: Lagos
Job type: Full Time
Job grade: Senior Analyst
Report to: Head of Operations

Job Purpose

 

 

  • We are seeking to hire a Team Lead for Mutual Funds Operations.
  • This role oversees the end-to-end operational processes of mutual fund transactions, ensuring efficiency, accuracy, and compliance with regulatory requirements.
  • It involves managing trade processing, reconciliations, reporting, and client service functions while leading a team to ensure seamless fund administration and operational excellence.

Responsibilities 

  • Oversee daily subscriptions, redemptions, and transfers of mutual fund units, ensuring timely execution
  • Ensure appropriate postings of all daily transactions before the system update for timely end of day system update.
  • Ensure Bank Reconciliations are sent out weekly
  • Ensuring all customer postings and investment booking are done timely
  • Weekly GL review of accounts to ensure appropriateness and report of the review
  • Ensure accurate portfolio valuations by reconciling fund assets with custodian and investment records.
  • Preparation and Submission of Monthly and Quarterly Regulatory Reports to SEC
  • Payments of Dividends for the mutual funds as at when due
  • Perform daily, monthly, and periodic functions relating to fund accounting and record-keeping,
  • Lead automation initiatives to enhance the efficiency of mutual fund transaction processing
  • Prepare Audit Schedules and lead the Mutual fund audit for all funds
  • Other Tasks as assigned.

Job Requirements
Education

  • A Bachelor’s Degree in Finance, Economics, Accounting, Business Administration, or a related field.
  • A second degree (MBA/MSc) and/or completion of relevant professional certifications (CFA) will be an added advantage.

Work Experience:

  • Minimum of 5 years of work experience in operations in capital market.

Key Knowledge and Skills
Knowledge:

The incumbent must have proficiency knowledge in the following areas:

  • Very good use of Microsoft Excel
  • The use of Accounting Software
  • Stockbroking/Asset management core application (e.g. SYMPLUS, infoware etc.).

Skills:
The incumbent must demonstrate the following skills:

  • Good Communication (feedback) skills.
  • Problem solving skills.
  • Analytical skills
  • People management skills.
  • Good relationship with banks, custodians, and registrars.

Behavioral Attributes:

  • Patience
  • Consistency
  • Courtesy
  • Collaboration and teamwork.

Working Relationships
Internal:

  • All other departments of the Cordros Group

External:

  • Auditors, Banks & Financial Institutions.

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