Ensure the Fund’s investment transactions and control activities are completed in accordance
Ensure the Fund’s investment transactions and control activities are completed in accordance with the Fund’s processes, policies, and procedure in order to maintain and safeguard the assets of the Fund. Ensure the accurate fair valuation of assets is completed and reported in accordance to the International Financial Reporting Standards.
Ensure the back-office transactions are completed in accordance with the Fund’s processes, policies, and procedures in order to maximize efficiency of operation.
Create, coordinate, and evaluate the financial programs and supporting information systems of the Fund for investment control (conservation and fair value of assets) and corporate statistical and management information.
Play an active role in the managing balance sheet, Fund account and cash flow forecasting. Develop reliable cash flow projection process and reporting mechanism that includes minimum cash threshold for operating needs. Optimize handling of banking and custody relations and develop strategies to improve forecasting and reporting of projected balance sheet and Fund account reporting.
Review and validate all monthly investment accounting reports and journals provided by the custodian and by private market investments.
Reconcile the Funds trial balance to the Custodian’s trial balance position and private market investments position to ensure consistency in all sets of records.
Review the fund position and asset allocation report on monthly basis.
Prepare the monthly asset holdings report and send it to custodian on monthly basis.
Responsible for all the Fund’s investment accounting by ensuring all records systems are maintained in accordance with generally accepted auditing standards, the standards of the Abu Dhabi Audit Authority and International Financial Reporting Standards.
Responsible for ensuring adequate controls are installed and that substantiating documentation is approved and available such that all transactions may pass independent and governmental audits.
Oversee the management of foreign subsidiary companies ensuring the accurate and timely production of tax reporting and payments to the relevant overseas tax authorities.
Monitor and report on foreign withholding tax amounts recoverable from foreign tax authorities.
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