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Fund Reporting Analyst - SIAML at Stanbic IBTC Bank
work Stanbic IBTC BankplaceLagosDate Posted: 2020-02-19Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. We are
recruiting to fill the position of a Fund Reporting Analyst - SIAML in Lagos (Lagos Island).Job Details
- Asset Management
Job Purpose
- The main purpose of the Fund Reporting Analyst is to execute the day to day accounting functions of the managed funds of SIAML. These functions include keeping proper accounting records, reconciliations, valuations and generating fund prices, rendering returns to regulatory authorities.
The Analyst, Fund Reporting is also expected carry out the financial reporting and financial accounting functions of SIAML managed fundsthereby ensuring that reports generated arein accordance with local and international accounting and regulatory guidelines.- A successful execution of the job steers the generation of valuation for the mutual funds, provision of reports to the Securities and Exchange Commission
as well as preparation of the financials for the mutual funds.
Key
Responsibilities / Accountabilities
Generatevaluation for the respective mutual funds being managed by Stanbic IBTC Asset Management Limited (‘SIAML” ):- Postings of journals and settlement transactions
- Generation of valuation reports of the respective managed funds
- Distribution of the valuation reports to stakeholders
- Saving
of valuation reports
Maintaining the General Ledger for the Mutual
Funds: - Daily posting of entries into the General Ledger of the Mutual Funds
- Daily reconciliation of the
Valuation reports against theGeneral ledger - Daily sign-off of such reconciliation
Timeliness in preparation of the audit schedules and the audited financials for the respective funds:
- Execution of relevant and applicable financial reporting standards and assessment of their impact on current processes and procedures
- Providing support towards planning and coordination of audit engagements for the respective managed funds and portfolios
- Execution of the applicable financial reporting standards
- Preparation of the audit schedules and financial statements
- Engage
the external auditors andparticipate in the timely completion ofthe statutory audits
Proactive in dealing with technical issues arising from changes in reporting framework and standards:
- Contributing to the activities and development of the Fund Reporting team
- Escalate all issues and challenges affecting the team and the output they produce to the Head, Fund Reporting and engage the Technology team to resolve
them - Provide technical and financial advice to other units and
departments thereby assessing the impact of current processes and reporting activities
Reporting:
- Preparation of returns to the Securities and Exchange Commission (monthly,
quarterly andhalf yearly) - Adhere to compliance with all the local statutory and regulatory
filings , financial and management reporting. - Ensure that all matters relating to financial accounting, management accounting, taxation, balance sheet and capital structure management, market risk analysis and management and regulatory reporting
are executed in accordance with Generally Accepted Accounting Principles, the Group’s accounting policies and other regulatory guidelines
Preferred Qualification and Experience
Qualification andExperience: - Bachelor of Science or equivalent Honours degree in Economics; Accounting, Finance; Actuarial Science, Statistics, Banking & Finance or any related field.
- Professional qualifications such as ACA, ACCA will be an added advantage
- Minimum of 2 years experience in Financial Reporting
Knowledge / Technical Skills / Expertise
Technical Competencies:- Financial and Accounting Control
- Financial System Administration
- Asset Management
- Interpreting Financial Statements
- Preparing Financial Statements
- Financial Accounting
How to Apply
Interested and qualified candidates should click here to apply
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