Funds Account Officer at Old Mutual Plc

REF: 1191/NIGE/EU/Funds Account Officer/Nigeria/130319
Contract: Permanent
Category: Insurance
Offer: Market Related

Introduction

• This role is responsible for general accounting services for specific funds.
• The incumbent is individually accountable for achieving results through own efforts and the support of others.

Job Specification
Descriptor:

• Prepare timely and accurate collection reports, expense reports, and other accounts for management use
• Manages external audits of client funds and ensure issues are resolved.
• Responsible for the completion of accounting tasks according to documented and specified processes.
• Responsible for treasury management of client funds in accordance with trustee instructions.
• Authorizes fund/scheme expenses and calculates taxes.
• Responsible for posting  Transactions into their various General Ledger Codes                                                                                                                       
• Responsible for asset liability matching including validation of unit prices & reconciliations.
• Prepares management/trustee reports and statutory returns.
• Responsible for general ledger maintenance, including adjustments resulting from client transaction fixes.
• Initiates fund/scheme expenses.
• Manages investment reconciliations, disbursements and receipting.
• Helps maintain good relationships with stakeholders.                                                                                     
• Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances.

Key Result Areas
Accounting:

• Produces accounts for client funds.
• Responsible for asset liability matching including validation of unit prices and reconciliations.

Expense Management:

• Authorises fund/scheme expenses.
• Calculates taxes.

Governance & Compliance:

• Manages external audits of client funds and ensures issues are resolved.

Personal Effectiveness:

• Accountable for service delivery through own efforts and the support of others.
• Individually accountable for managing own time, tasks and output quality over periods of 1 day to a maximum of three months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal results.
• Accepts and lives the company values.

Treasury Management:

• Reviews monthly treasury activities - determines effect on fund/scheme accounts and makes appropriate recommendations.

Qualifications and Experience

• A first degree or its equivalent in the relevant field
• Minimum of 3 years work experience (relevant financial services experience is required)
• ACA, ACCA or any Accounting Professional qualification from recognised professional body would be an added advantage
• Excellent communication skills (verbal and written)
• Strong analytical skills