Vice President - Fund Operations
Al Masah Capital Management Limited
Total years of experience :21 years, 7 Months
a) Review of Fund’s Net Asset Value (NAV)
b) Maintaining of proper and accurate records of the funds / services for all Al Masah Funds and Clients portfolio
c) Prepare monthly portfolio reports for clients
d) Reconciliation of cash and stock position on a daily basis.
e) Ensure all corporate actions are recorded accurately and on a timely basis
f) Preparing fund transfer request to process all the redemption and expenses for all the funds.
g) Handling the operations for Real Estate team. Ensuring all the cheques are deposited and cleared on time.
h) Preparing fund transfer request to process all the suppliers’ invoices and other expenses.
i) To assist in the launch and closing of Funds/Structured products.
j) Responsible for the client’s account opening with complete KYC/Due Diligence for all investors as per Cayman Islands, Luxembourg, and DFSA regulations.
k) Liaising with the auditors for the audit (funds / clients portfolio)
l) Liaising with the internal legal team to prepare the legal documents for clients. Communicating with (legal/compliance/accounts dept.) for the smooth on boarding of the investors and to deliver quality services to clients at all times.
m) Legal Documentation for AMCL - Handling re-purchase/share transfer/ cash dividend of all shareholders and responding to all their queries.
n) Liaise with lawyers to prepare the legal documents for the funds (mainly for Cayman/ Luxembourg jurisdictions), Drafting of Board resolutions / review of fund supplements.
o) Communicating with brokers/custodians/banks for opening accounts; handling settlement of trades and funding of accounts for both clients portfolio’ and funds.
Fund Administration
a) Checking and approving NAV received from the administrator for the in-house funds on daily basis
b) Processing and settlement of equities, Fixed Income trades, Murabaha’s, fixed deposit
c) Communicating with administrator, custodian, brokers, fund managers and resolving issues related to the settlement of trades
d) Opening accounts with brokers for trading equities and fixed income trades
e) Reconciling the positions and cash balance with the custodian records and internal system
f) Led installation of Advent and MOXY software in the bank for effective NAV monitoring and trade activities
Real Estate
g) Checking and updating leases on the rent roll and overdue schedule report.
h) Ensuring all the cheques received are in line with the lease and forward it to the concerned department for processing.
i) Ensure all the cheques are deposited and cleared on time. Inform and resolve any bounce cheques issue with the property manager.
j) Preparing cash management report every week
k) Preparing instructions and placing Murabaha’s with treasury
l) Preparing receipts, statement of account and late fee calculations
m) Reconciling the bank accounts with the internal records
n) Ensuring security deposit received from the client is in line with the lease. Reconciling with the bank account and resolve all queries.
o) Prepare overdue schedule report every week for the property managers. Sending chasers to the clients for payments.
p) Processing all the suppliers invoices
q) Resolve all queries raised by the property managers and clients.
Funds - Gulf Balanced Fund / Mena Fund
a) Preparing Net Asset Value on daily basis.
b) Approving necessary swift messages required for settlement
c) Processing and settlement of equities and bonds for GCC and MENA region.
d) Communicating with custodian for settlement, confirmation and statement of account.
e) Follow up with the broker / custodian / administrator for any issue / discrepancy
f) Verifying and confirming the deal on BFT system.
g) Reconciling stock position and cash balance with the custodian statement and BFT system
h) Monitoring corporate actions and coupon payment.
Securities and Structured Products
a) Processing and settlement of bonds and structured products
b) Reconciliation of custodian statement
c) Reconciling GL positions with dealer’s portfolio.
d) Communicating with custodian and counterparty for timely settlement of bonds.
e) Ensuring all coupon payment are received and are transferred to nostro account.
f) Preparing necessary Swift messages required for settlement.
g) Follow up with counter party for valuation
h) Preparing and processing necessary month end valuation entries.
i) Preparing daily, month end and quarterly reports.
j) Updating database for private banking customer trades ensuring all the payments for the customer are received.
Derivatives
k) Processing and settlement of all derivatives i.e. Interest Rate Swap, Forward Rate Agreement, FX options and Bonds Options.
l) Ensuring all new product codes and general ledger accounts are opened.
m) Monitoring counter party limits and ensuring necessary approvals are in place.
n) Tracking counter party confirmations.
o) Preparing accounting vouchers and payment Telex for each product.
p) Updating fixing details in the Register.
q) Preparing Month end amortization and valuation entries.
r) Preparing customer confirmations.
s) Preparing daily and month end reports for finance and risk Dept.
t) Reconciling the positions with the Trial Balance fortnightly.
Foreign Exchange
u) Processing and Settlement of Customer Foreign Exchange Deals.
v) Monitoring of customer limits.
w) Follow up with customer for the original letter and settlement instructions.
x) Ensuring all customer confirmation are dispatched.
y) Confirming the customer deal on FNS system.
z) Preparing Swift telexes related to customer.
aa) Reconciling position with the Trial Balance.
Gulf Balanced Fund (In-House Fund)
bb) Matching and confirming the deal on BFT system.
cc) Updating the details on Excel sheet.
dd) Preparing Swift messages for settlement.
ee) Communicating with custodian for confirmation and statement of account.
ff) Reconciling position and cash balance with the custodian statement and BFT system.
Equity
gg) Preparing accounting vouchers.
hh) Settling equity deals.
ii) Reconciling banks position with the custodian.
jj) Preparing market valuation for equity positions.
kk) Limit monitoring of equity positions.
a) Preparation of treasury risk reports
b) Preparation of foreign currency report, which updates the balances of banks with other banks.
c) Variance analysis between FX positions and blotter variance report
d) Tracking the limits and aggregate positions of customer trading with Treasury and ensuring the clients are within the credit limit as per the credit approval document.
e) Successfully implemented a new project, which included the mapping of general ledger, and assumptions, which enables the head office to monitor the bank’s Assets and Liabilities.
f) Preparation of presentations for senior management.
g) Preparing month end reports for the head office.
Reconciliation Assistant in FCU
h) Handling the reconciliation of Nostro accounts.
i) Supervising overall data entries and checking Teller’s cash.
j) Preparing weekly and monthly reports for central bank.
k) Corresponding with various banks globally.
l) Supervised reconciliation Dept. for two months.
a) Handling accounts of duty free shops located around the world.
b) Handling gold quotations
c) Updating Inventory.
d) Supervising debit collections and follow up actions.
e) Dealing with customers and various
f) Maintaining the accounts of Joint Venture Companies
g) Reconciliation of company accounts.
h) Preparing reports for the management.
a) Computerized accounting on Informix package under UNIX Environment.
b) Handling accounts payables and accounts receivables
c) Preparing debit notes and credit notes.
d) Reconciliation of creditor’s ledger and debtor’s ledger.
e) Reconciliation of bank statements and foreign currency A/c’s.
f) Inter-company reconciliation.
g) Preparing JV’s for all revenue A/c’s and from teller sheets, which includes foreign currency, bank deposits, and cash payments etc.
h) Preparing MIS: Fund flow statements, outstanding statements, ageing analysis of debtors and creditors.
i) Keeping records of PDCS issued for preparing Cash Flow statements.
j) Assisting chief accountant and Finance manager in finalization of accounts, Audit.