Section Head of Asset Management Operations
Saudi Fransi Capital
Total years of experience :13 years, 9 Months
Review completion of daily works performed by the Asset Management Operations staff. Manage the relationship with the other banks and counterparties. Verification of fund valuation and maintain proper sign off system. Ensure timely processes and accurately for publishing the authorized NAV's in Tadawul website. Ensure and verify timely and accurate publishing of the Benchmarks and authorized NAV's. Review reconciliation reports and ensures that positions with custodians are matching. Review and ensures that reporting to clients is done timely and properly. Liaise with the External fund's Administrators, Custodians and Brokers. Review subscriptions and redemptions requests for In House and Third Party Funds. Reviews and updates Department's procedures. Ensures proper documentation and filing for the Department is well maintained. Ensure timely update and proper booking and processing of clients' subscriptions and redemptions to their portfolios. Ensure and verify proper update of company and funds information in Tadawul site. Ensure and verify fee accruals for Finance Department and coordination with counterparties for fee repatriation. Ensure update of security prices in the system. Ensure proper follow up with the other banks for the new placed deals. Authorize payments for new trades and ensure that they are booked correctly for the respective fund account. Assist in enquiries and investigations with the Head of Operations. Ensure following up with the other banks for maturities and sending the required requests for repatriation of funds to the respective fund account with the bank. Ensure that payments for maturities are received, and credited to the respective fund account. Verify reconciliation of the fund positions between Operations and Investment Management. Verify preparing corporate action calendars and sending it timely and properly. Ensure proper follow up and coordination for the actionables on corporate actions. Ensure timely preparation of fee invoices for service providers and custodians. Review and ensure timely preparation of the regulatory authorities reporting ( Weekly, Monthly, Quarterly, Annual and ad-hoc ). Liaison with the External Auditors to ensure the external audits is completed on a timely basis. Ensure and verify that client's confirmations are done and sent timely and properly. Ensure and verify Management reports (Weekly, Monthly, Quarterly, Annual and ad-hoc ). Ensure and verify proper custody of the legal documents. Perform any other duties/responsibilities assigned by the Head of Operations.
Supervise operations and coordinate with other sections / departments and external financial institutions to ensure proper execution of clients' transactions. Supervise outward and inward transfers operations and coordinate with the bank to ensure their proper execution. Supervise and ensure timely and up-to-date reconciliations and daily activities. Verification of correctness of all accounting entries including placements of deals and other corporate actions captured in fund administration system. Supervise daily allocation of work with effective utilization of available resources. Verification of payment instructions for settlements
(Including SWIFT messages). Ensure preparation of Regulatory and Management information and reports timely basis. Verification of fund valuation and maintain proper sign off system. Perform verification of monthly closing activities and their authorization. Ensure all operations enquiries received through the E mails are attended and resolved on timely basis. Verification of booking and processing of the corporate action Equities and Fixed income timely basis. Checks all internal accounts and custody reconciliations daily basis where applicable. Coordination and verification of audit information as requested by the External / Internal auditors. Coordinate with IT department for Fund administration system enhancement. New fund testing and any other system related issues. Assists in enquiries and investigations to the Head of Asset Management Operation - Chief Operating Officer. Coordinate with the relevant banks. Brokers. Custodians. External fund managers and external administrators on valuation and fund accounting related issues. Perform adhoc checks and maintain controls to verify required activities are performed timely basis. Perform other duties / responsibilities assigned by the Head of Asset Management Operations - Chief Operation Officer.
Ensure proper fund accounting and portfolio administration. Prepare any data or report for management, auditors, clients or regulatory . Reconcile fund’s accounts. Pass necessary accounting entries to nsure that the assets, liabilities, profits and losses are reflected properly in the books of accounts of the mutual funds. Check the mutual funds valuations to ensure that all securities prices, deposits deals, sukuk deals and bonds deals are accruing and amortizing properly and to ensure that the unit price is calculating correctly. Prepare the Funds Financial Statements.
Maintain up-to-date billing system. Follow up, collection and allocation of payments. Carry out billing, collection and reporting activities according to specific deadlines. Reconciliation of accounts. Maintain accounts receivable customer files. Follow established procedures for processing receipts, cash etc. Prepare bank deposits. Process Adjustments. Organizing a recovery system and initiate collection efforts. Communicating with customers via phone, email, mail or personally.
دراسة و تحليل التقارير المالية و تحديد الربح و الخسارة لفترةزمنية معينة. بالاضافة الى توضيح قيمة و طبيعة الموارد المتاحة للمنشأة و الوسائل المستخدمة لتمويل تلك الموارد.