Responsibilities:
1. Processes asset/securities creation/maintenance.
- Receives instruction to create/maintain asset/ securities from Investment Management and performs creation/ maintenance in system.
- Receives instruction to creation non-financial assets (ie. Property assets) from Investment Management and performs creation/maintenance in system.
2. Processes issuer/broker/custodian/counterparty creation/maintenance.
- Receives instruction to create/maintain issuer/broker/custodian/counterparty from Investment Management and performs creation/ maintenance in system.
3. Processes non-financial assets contribution.
- Receives non-financial assets contribution order from Front Office and encodes in system.
- Coordinates with Front office for any discrepancies on the non-financial assets contribution documents.
- For purchase on non-financial assets (ie. Property), coordinate with counterparties (ie.seller/ real estate developer/ broker) for the purchase of property under Trust Account.
- Process the payments related to the purchase of property. Coordinate with Front Office for the funding requirements.
- Coordinates with real estate developer/ seller/broker for payment (delivery of check) and delivery of title.
- Coordinate with Accounting for the required entries.
4. Processes non-financial assets withdrawal.
- Receives non-financial assets withdrawal order from Front Office and encodes in system.
- Coordinates with Front office for any discrepancies on the non-financial assets withdrawal documents.
- For sale of non-financial assets (ie. Property), coordinate with counterparties (ie.seller/ real estate developer/ broker) for the sale of property.
- Coordinate with the counterparties for the payments related to the sale of property. Coordinate with Front Office for the proceeds of the sale.
- Release to the counterparties the required documents for the sale of property.
- Coordinate with Accounting for the required entries.
5. Processes payments for property assets taxes, fire insurance and other dues.
- Monitors the payment expiry of property assets taxes, insurance and other dues.
- Process the payment for the property asset taxes, insurance and other dues.
- Coordinate with the Front Office for the funding requirements.
- Secure payment receipts/policies/documents and safekeeps accordingly.
6. Safekeeps non-financial assets.
- Safekeeps the non-financial assets/documents received.
- Encodes the safekept/released documents in system (as applicable).
Qualifications:
- Bachelor's degree relevant to the job (Business Management, Economics)
- 2-3 years work experience in Trust, Wealth, Banking or any Financial Institution is an
- advantage
