VP/AVP, Asset Servicing, UOB Asset Management

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 25 Sep 16

VP/AVP, Asset Servicing, UOB Asset Management

The successful candidate will work in partnership with the Front Office, Portfolio Managers and Service Providers to enable the organization to competitively seize new revenue opportunities in a disciplined and controlled manner that protects and enhances the organization operation capability and reputation. Below are the job scopes where certain tasks require one person to prepare the work to be checked by a supervisor.

Corporate Actions

  • Develop and operate Corporate Actions (all mandatory and voluntary events) workflow based on outsourced model to ensure accuracy and completeness.
  • Hands-on Corporate Actions operation processing experience at checker level. Able to interpret complex Corporate Actions events and advise Portfolio Manager.
  • Investigate reported Corporate Actions discrepancies and resolve issues.
  • Perform REITS declaration so that its tax status is reflected correctly.
  • Issue tax certificate to IRAS for REITS clients under Omnibus account.

Standing Instructions
  • Experience in setting up and maintenance of trade, FX and Corporate Actions standing instructions for equity and fixed income with counter parties for straight through processing.

Asset Reconciliation
  • Develop and operate fund accounting and custody reconciliation on cash and security position and identify discrepancies and resolution.
  • Develop and operate daily, weekly and monthly Net Asset Valuation (NAV) review based on outsourced model to ensure unit pricing and valuation accuracy.

Financial Reporting
  • Review financial reporting and valuation pack e.g. Profit & Loss Statement, Balance Sheet prepared by service provider to ensure compliance with applicable standards, laws and regulations.
  • Coordinate preparation of Unit holder reporting to ensure timeliness and accuracy of reports.
  • Work closely with External Auditor during the semi-annual and annual auditing process. Able to interpret and apply relevant accounting standards and other applicable regulations.
  • Perform monthly security stale price review to ensure that portfolio security pricing is marked to market.

Client Reporting
  • Build and generate client reporting using reporting tool from service provider on a timely basis.
  • Attend and resolve queries relating to client reporting to ensure information are delivered to the business accurately.

Management Fees, GST and Rebates
  • Review accuracy of management fees, GST and rebates calculation.
  • Attend and resolve queries relating to management fees, GST and rebates.

Product Development Support
  • Provide support to Product Development for new business initiative.
  • Develop new operating memorandum for new fund mandate. Attend and resolve queries relating to new fund set up and structures.
  • Maintain current operating memorandum to ensure it is up to date and relevant.

Job requirements:
  • A recognized university degree in Accounting, Business or Banking.
  • Strong technical and hands-on experience in Fund Accounting and Custody back office operation, preferably in asset management industry.
  • Sound understanding of operation set up of mutual fund structures.
  • Excellent communication, interpersonal and organization skills.
  • Attention to detail and strong analytical skills.
  • Proficient in MS Office (Excel, Words, PowerPoint)
  • Proactive positive attitude.
  • Willingness to multi task and get involved in project work.