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Job Description
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Role Purpose |
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To manage the accounting and operational activities related to the investment portfolio and to be the main point of contact in handling communication between external parties and the front office team. |
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Key Accountabilities |
Key Tasks (HOW) |
Key Deliverables (RESULT) |
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1 |
Accounting entries for investment portfolio transactions |
- Accurate and timely booking of all accounting entries - Reconciliation between physical and records accounts |
- Record & confirm accounting entries for all investment activities in Advent System - Reconcile all investment positions & cash accounts monthly, quarterly & annually - Ensure investment & cash positions are reflected properly in financial statements |
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Funds’ transfers and transactions’ settlements |
- Support Investment front office in cash transfers’ related activities - Manage transactions’ settlement process with the different counterparties |
- Initiate local/ international online funds’ transfers - Prepare instruction letters for all investment-related transactions - follow up with internal/ external counterparties movement on cash movements, documentation & any pending issues - Confirm and cross check trade details - Communicate settlement and transaction details and ensure matching (subscription form and confirmation sheet) |
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3 |
Accrued interest monitoring & recording |
- Keep Track of expected accrued interest payments across all portfolio holdings |
- Liaise with custodian on the actual receipt of cash and update the Advent system accordingly - Update front office team on expected cash flow receipts from maturities or accrued payments - Send cash balances across the different investment accounts |
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Manage communications with all external counterparties. |
- Handle counterparties’ on-boarding and documentations updates - Manage back office communications with external auditors, custodian, banks and investment firms |
- Filling counterparties’ contracts forms and update KYC and AML updates - Support external auditors review process |
Skills
- Good knowledge of Accounting basics
- Good understanding of financial statements
- Ability to handle multi-tasking
Education
Accounting / Finance
Job Details
Preferred Candidate
About This Company
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.
