Manager, Fund Operations

Barita Investments Limited is seeking the ideal candidate to fill the role of the Manager, Fund Operations.

ROLE & CORE FUNCTION

The Manager – Fund Operations responsibility is to develop and implement procedures, ensure the accurate recording of transactions, act in a supervisory role to other department staff members and provide accurate and timely reporting of information to internal and external customers.  The Manager will assist with all internal and external analysis and regulatory reporting for Unit Trusts and Pensions.   

MAIN DUTIES & RESPONSIBILITIES:

The incumbent performs tasks such as general ledger account analysis and reconciliations, reviewing journal entries, reviewing Inventory Portfolio Reports, reviewing Valuation reports, and preparing monthly financial statements.

•  Directs and monitors the preparation of monthly and quarterly financial statements according to stipulated guidelines for submission to Financial Service Commission, Jamaica Stock Exchange Trustee Services, and Senior management.
• Approve journal entries and ensuring that all transactions are recorded, and the general ledger is updated and maintained monthly.
• Review bank reconciliations and suspense/clearing account analysis 

• Review sub-ledger recon, including investments, other receivables and payables, income etc. 

• Ensure timely and accurate submission of all statutory and regulatory requirements, including the preparation and submission of weekly, monthly, and quarterly reports to the Financial Services Commission (FSC) and the Jamaica Central Securities Depository Trustee Services Ltd (JCSDTS) 

• Prepare valuation reports (weekly & monthly) with consistency, accuracy, and in accordance with regulatory requirements for internal and external submission.
• Responsible for verifying assets for the fund valuation Net Asset Value (NAV). 

• Monitor the timely completion of internal and external audits, including preparation of audit schedules and audited financial statements audits.
• Recommend changes in policies, procedures, and processes to minimize risk and improve the Controls and efficiency of the fund’s Department. 
• • Assist with the annual budgeting exercise. 
  • Ensure the timely filing and payment of all tax returns, including GCT, Payroll taxes, Asset tax, Income tax and Withholding tax. 
  • Communicate with internal stakeholders regularly to discuss operational issues and key metrics. 
  • Coach, mentor, and evaluate staff members. 
  • Any other duties that may be assigned

   

  REQUISITE COMPETENCIES AND SKILLS:

  • Knowledge of IFRS and GAAP, and preparation of Financial Reports
  • Sound knowledge of pension funds, unit trust or pooled fund administration, legislation and regulations would be an asset.
  • Strong analytical, problem-solving, and investigative skills
  • Sound knowledge of computerized accounting and spreadsheet packages
  • Ability to analyze and interpret financial reports
  • Ability to communicate effectively in both oral and written format
  • Excellent time management skills
  • Ability to define problems, collect data, establish facts and draw valid conclusions
  • Sound negotiation and persuasion skills
  • Ability to manage multiple tasks in a fast-paced environment while adhering to challenging   deadlines
  • Proficiency with Microsoft Office Suite

  ACADEMIC QUALIFICATIONS AND EXPERIENCE:

• BSc in Business Administration, Finance or Accounts, ACCA/CPA or equivalent qualification from a recognized tertiary institution

• A minimum of five (5) years of relevant working experience. In a senior capacity in financial management and control within a banking or financial services environment

• Experience in the financial services industry will be an advantage, preferable in pension funds, unit trusts or pooled fund accounting.

• In-depth knowledge of financial reporting systems