Manager
Arzan Financial Group For Financing And Investment (AFG)
Total years of experience :17 years, 0 Months
-Implement department’s policies and procedures in order to achieve Operations objectives.
-Ensure that daily trades are uploaded, posted as required and reconciled with KCC and other portfolios managers to generate accurate daily & periodical reports to clients, portfolios managers and Top Management.
-Supervise, review and approve data process of daily trades done by subordinates to ensure that the data processed is error free and adhere to company policies and procedures.
-Review, Maintain and follow up the Shares and cash Reconciliation, transferring, Pledging and disclosure.
-Review and supervise uploading of daily market prices and posting of daily trades and ensure that it matches with broker report.
-Supervise ownership details sent to CMA/Boursa Kuwait and concerned prior on daily basis to ensure that it’s provided within the stipulated time frame
-Coordinate with Finance department for payable and receivable from KCC/Boursa Kuwait.
-Perform operational analysis as necessary and develop, test and recommend way and means to improve Operation optimization.
-Coordinate with Brokers office for doing deals for unlisted shares.
-Verification of SWIFT messages.
Update trades, cash injections, cash withdrawals, cash dividends, stock deposit, stock withdrawal and other portfolio related activities on the system.
➢ Receive trade tickets executed by brokers/portfolio manager along with trade confirmations from counterparties, compare the details and post them in the system to update the same in the respective client’s portfolio.
➢ Carry daily / weekly reconciliation of cash and security by seeking periodic statements from bank / broker and clearing agent to ensure transactions are properly recorded with all counterparties and clients’ assets are safeguarded.
➢ Timely follow up on corporate actions to ensure communication of details to broker / portfolio manager. Update records and ensure timely receipt of distributions and timely collection of fees.
➢ Maintain filing of records to ensure easy access and swift retrieving of information for audit purposes or to address regulatory, client queries.
➢ Prepare periodic reports to clients.
➢ Promptly escalate issues to line manager or related parties as required to ensure timely and effective resolution.
➢ Actively follow up on correspondence and queries to service client in a timely manner through preparation of reply letters or providing supporting documents as required.
➢ Doing types of Disclosure to Capital Market Authority (CMA) and Boursa Kuwait.
➢ Prepare a special report about clients’ portfolios for Capital Markets Authority (CMA).
➢ Calculation and Deduction of Management fees for portfolio managed by the company.
➢ Extend the forward contract after coordination between the broker and the client.
➢ Monitoring cut price of future market shares and coordinating with KCC for extension of forward shares.
➢ Follow-up daily with Boursa Kuwait website and newspaper announcement regarding AGM.
➢ Liaison between brokers for payments to or from KCC.
➢ Cheque deposits from and to clients.
➢ Follow-up procedures for transfer shares from clients to companies and vice versa.
➢ Reconcile and coordinate investment portfolios managed by other companies.
➢ Faxing & E-mailing of client position to concerned clients.
➢ Coordinating with other departments like Finance, Settlement and Dealing.
➢ Procedures of liquidation the investments funds.
-Processing of daily trades in portfolio system.
-Reconciliation of fees and charges and deals confirmation with stock broker and make reconciliations of portfolio positions with Kuwait Clearing Company on a daily basis.
-Prepare a special report about funds for Capital Markets Authority (CMA).
-Calculating of NAV for funds managed by the company.
-Calculation and Deduction of Management fees for funds.
-Updating the portfolio funds for any bonuses, dividends, capital increase or capital decreases.
-Liaison between brokers for payments to or from KCC.
-Reconciliation of funds bank accounts on a monthly basis.
