Sr. Officer - Investment Back Office

Recruiter
Bupa Arabia
Location
Jeddah , Saudi Arabia
Salary
Competitive salary
Posted
09 Oct 2019
Closes
08 Nov 2019
Ref
4088558
Job role
Accountant
Sector
Accounting - Public practice
Role Purpose:

To manage the accounting and operational activities related to the investment portfolio and to be the main point of contact in handling communication between external parties and the front office team.

Accountabilities:

Accounting entries for investment portfolio transactions


  • Record & confirm accounting entries for all investment activities in Advent System

  • Reconcile all investment positions & cash accounts monthly, quarterly & annually

  • Ensure investment & cash positions are reflected properly in financial statements



Funds’ transfers and transactions’ settlements


  • Initiate local/ international online funds’ transfers

  • Prepare instruction letters for all investment-related transactions

  • follow up with internal/ external counterparties movement on cash movements, documentation & any pending issues

  • Confirm and cross check trade details

  • Communicate settlement and transaction details and ensure matching (subscription form and confirmation sheet)



Accrued interest monitoring & recording


  • Liaise with custodian on the actual receipt of cash and update the Advent system accordingly

  • Update front office team on expected cash flow receipts from maturities or accrued payments

  • Send cash balances across the different investment accounts



Manage communications with all external counterparties.


  • Filling counterparties’ contracts forms and update KYC and AML updates

  • Support external auditors review process

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