Investments Operations Officer

CIC Insurance Group Plc is a Kenyan insurance company founded in 1968. It operates in the Banking & Financial Services and Insurance sectors, with its main location in Nairobi, Kenya.

Reporting to the Head of Investments Operations, the role involves managing proper trade settlement with custodian custodians, settlement of corporate actions across portfolios as well as daily reconciliations of unit trust purchase transactions, cash and assets.

1. Ensuring trades, allocations and settlements are executed accurately on custodian statements.
2. Review all daily entries to verify the correctness of the captured data and advise on required actions.
3. Update NSE prices and exchange rates in our core Fund management system.
4. Identify and follow up on un matched transactions and make follow ups with the custodian and inform fund administrators (retail transactions) as well as the dealers
5. Reconcile daily m-pesa purchases and list the unmatched accounts and notify the Fund Administrators of amounts to be remitted to the suspense accounts and any discrepancies;
6. Reconcile daily bank purchases and list the unmatched accounts and notify the Fund Administrators of amounts to be remitted to the suspense accounts and any discrepancies;
7. Prepare and record monthly reconciliation reports of all the unit trust purchases
8. Tracking and processing of Corporate Actions
9. Monthly portfolio holdings reconciliation of funds
10. Portfolio performance computation
11. Agent commission population and reconciliation
12. Preparation of payments of Custody and Trustee fee invoices and keep records for finance payments of VAT withheld
13. Resolve queries/complaints on interest, commission, valuation, tax
14. Assist in process improvements and System tests for new updates.
15. Creating products-Creating and onboarding new clients upon successful tenders and RFPs in the fund management system
16. Files the monthly portfolio valuation reports from CICAM and Custody.

1. Bachelors Degree in Business Related Studies
2. CPA, CIFA ,CISI
3. Minimum of 3-years relevant experience.
4. Candidates with experience in fund management and banking sector are highly preferred