Not specified
Job Description
This is a critical back-office function with high control responsibility ensuring the accuracy and integrity of the financial system.
The holder will be responsible for providing support to the Corporation investment activities and day to day operations of the settlement function including reconciliations
Finance and General Operations:
Processing of transactions involving the Corporation into the relevant business systems.
Continuously work with financial control and auditors (internal and external) during annual financial statements audit
Ensure that transactional documentations are complete with all the requisite approvals before such transaction is processed.
Ensure that transactions are reviewed to ensure that errors and or irregularities are discovered promptly and escalated to the divisional head promptly.
Ensuring that transactional documentations comply with corporate policies and relevant regulatory requirements e.g. exchange controls, anti-money laundering, US Patriot Act,
Assist the financial controller to maintain all operational risk documentation not only for operations and settlement but the finance division, including monthly KRI and annual RCSA reporting.
Processing of all cheques for payment to contractors and suppliers.
Coordinate the month and year end closing of the financial books
Treasury and Investment Operations:
Preparation of confirmation letters for treasury deals, ensuring that all deals promptly confirmed with counterparties and follow up with counterparties in all cases of non-receipt
Recompute all cash flows on derivative and treasury borrowings as a second level check to the product controller before settlement
Review new customers and counterparties documents during on-boarding and creation in system.
Review and report receivables relating to loans and fees to investments and financial services divisions.
Investee Company Support:
Monitor payments due from investee companies e.g. dividend declared, reimbursement of cost, directors fees etc.
Periodically reconcile position such as shareholder loans with investee companies and other receivables.
Provide operational support for all investee companies
Facility Agency Role: Serve as the facility agent for all trade finance transactions where the Corporation has been appointed. This includes the following:
Receiving utilisation request for borrower and notifying all lenders
Coordinating amongst lenders the timetable for funding
Determination and computation of the interest rate which involves interpolation where necessary. This will be agreed with each lender within the syndicate
Receipt of interest payments from Borrower and further distribution to syndicate
Receipt of all documentations from borrowers and providing confirmation to Lenders that all conditions precedent to disbursements have been met in line with the loan agreement.
Monitoring of all lenders covenants and advising lenders where there are breaches and recommending courses of action in line with the agreement
Conducting KYC checks on new Lender joining the syndicate
Requisite Competencies and Attributes
Internal controls and operational risks knowledge/skills
Highly numerate with excellent analytical skills
High proficiency in the use of the Microsoft Office Suite especially Microsoft Excel & PowerPoint
High proficiency in the use of key business applications (Treasury and Trade Finance Specialised Systems, Equity Platform, etc)
Good knowledge of ERP such as SAP FICO, treasury
Key Performance Indicators:
Speedy payments in direct support of the business
Zero payment error
100% compliance with regulatory and legal standards and controls
Maintain integrity of the payment process
Minimum Qualifications:
Minimum of 6 -10years of practical work experience in wholesale banking business within perations and or Financial /Products Control. Previous experience in Treasury Operations, Trade and or Loan Operations will be an advantage.
Candidates with strong experience in Product Control or Risk Management will also be considered.
University degree with emphasis on Economics, Finance & Accounting or any other numerate disciplines (sciences and Engineering)
At least one relevant professional qualification e.g. ACCA, ACA.
Apply via :
https://www.myjobmag.com/job/106294/senior-associate-operations-amp-settlement-africa-finance-corporation-afc