Account Manager - Dubai, United Arab Emirates - Apex Group Ltd

Apex Group Ltd
Apex Group Ltd
Verified Company
Dubai, United Arab Emirates

1 week ago

Ahmed Al-Mansouri

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Ahmed Al-Mansouri

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Description
Account Manager - Transfer Agency


Description
Account Manager - Transfer Agency

Role Location:
United Arab Emirates, Dubai


Employment Type:
Permanent


Our Services:

Investor Due Diligence:

  • AML screening to ensure investor compliance with money laundering
  • All Investor Types Considered (individual, nominee, entities, trusts, partnerships etc.)
  • Collection and Identification of Beneficial Owners and Shareholders
  • Upfront and ongoing screening of investor and associated parties (UBOs, directors, trustees etc.)
  • PEP identification and Reporting

Registration and Static Data:

Dealing & Cash:

  • Receive and Process Subscriptions, Redemptions, Transfers, and Switches
  • Approve bank information for wires
  • Match money received to money in the bank

Reconciliations:

  • Reconcile money movements related to subscriptions, redemptions, switches and distribution
  • Investigate reconciliation breaks
  • Chase for missing monies related to partial or unsettled payments
  • Ensure custodians/ distributors are all reconciled by the end of each month


Reporting:

  • Fund Manager reporting: missing docs, AML status of investors, estimated/confirmed cash flows
  • Investor


Reporting:
NAV statements, Contract notes confirmation subscription/ redemption, Capital Calls, Dividend distribution notices or any other communication requested by Board of Directors/ Investment Managers

  • Custodian/ distributor reporting: Fund settle CNs, access to accounts for ClearStream, Allfunds and more
  • Family Office reporting: Updating FO investor accounts

Tax, FATCA/CRS:

  • Collection of relevant FATCA/CRS forms
  • TIN and GIIN verification
  • Tax declaration collection
  • Defining tax status of every investor in system

The Role & Key Responsibilities:

  • Working individually and as part of a team to cover an assigned set of funds as a knowledgeable and professional point of contact for fund investors, fund managers and internal teams regarding fund documentation, investor registries and AML/KYC processing.
  • Possess good understanding and knowledge of AML/KYC laws and guidelines set out by appropriate MENA Regulators, CIMA and Apex AML Policies (If it's an internal hire) and adhere to these established policies, procedure and controls
  • Knowledge of Bermuda and BVI AML/KYC laws will be an added advantage
  • Should have knowledge of the all the Transfer Agency functions including AML/KYC and investor onboarding, Share Registry Dealings, Metrosoft screening, Payments, FATCA/CRS filings etc.
  • Should coordinate with the appropriate operations and CRM teams involved in order to ensure tasks are completed
  • Possess a basic Understanding of Fund structures share classes vs. series and understand the NAV per share so as to enable publishing the correct prices to various pricing vendors such as Bloomberg, Refinitiv, Morning Star etc.
  • Basic understanding of accounting related to subscriptions, redemptions, distributions and ensure investor communications are released in line with procedures and deadlines are met
  • Establish a good relationship with FA teams and establish the workflow/procedures to ensure the FA team is updated at all times in relation to any TA activity to be included in the NAV
  • Responsible for Fund audits in relation to any TA related PBC requirements
  • Have a good command on the English language and possess good written and communication skills. Understanding of Arabic (written and speaking) will be an added advantage.
  • Confident in communicating with investors and handle any situations that arise in line with Apex's policies
  • Should be able to read and understand and provide comments on the TA related aspects in a Funds PPM including coordinating with the Corporate Secretary for any waivers, Board Resolutions required in relation to any TA activity.
  • Maintain knowledge of assigned funds, fund timelines, deal documentation and related processes. Understand workflows and organize responsibilities and priorities to meet and manage deadlines with exceptional attention to detail and
- through.

  • Participate in special projects as assigned, including automation efforts, enhanced controls, system testing and client research.

Skills Required:

  • 57 years of experience with a minimum of 3 years' experience in Transfer Agency role
  • Minimum of 2 years of experience at team leader/managerial role (for AVP role)

What you will get in return:

  • A high level of visibility within a large organisation on an upwards trajectory
  • The ability to define marketing processes to drive innovation and have a tangible impact on the business.
  • Be part of a dynamic and fastpaced team that makes a genuine impact on revenue and sales pipeline.
  • Exposure to all aspects of the business, crossjurisdiction and to working with senior management directly.
  • Opportunity to work with a diverse, agile and global marketing team.
  • The opportunity to innovate, bring discipline to brand activity and really make a difference.

Additional information:
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