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14 mins ago
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.