NAV Calculation and Fund Operations Oversight
- Calculate and approve the fund's Net Asset Value (NAV) on a regular, accurate, and timely basis
- Revalue the Fund’s portfolio holdings, including illiquid and non-exchange-traded instruments, in accordance with the Fund’s Fair Value methodology and valuation policies.
- Validate prices, valuation inputs, accrual and other data used in NAV calculations; investigate, document and promptly escalate discrepancies.
- Ensure the accurate recognition and calculation of distributable net income attributable to unitholders in accordance with the Fund’s Dividend Distribution Policy, as well as the appropriate recognition of unrealized gains and losses.
- Maintain complete NAV calculation files, supporting documentation, control checklists and calculation histories for each fund.
- Perform daily reconciliations of cash, securities and other balance-sheet items with banks and custodians, monitor fund liquidity and cash flows, and record, verify and process investment transactions, contractual terms, investor subscriptions and redemptions, maintaining accurate contract records and a calendar of key deadlines.
Reporting, Controls and Audit Support
- Ensure fund administration activities are performed in accordance with the PPM, internal policy and procedures and applicable regulatory requirements.
- Coordinate and monitor all corporate actions (including redemptions and dividend distributions) in accordance with the PPM, ensuring timely submission of all required documentation and notifications to relevant internal and external parties.
- Record errors, exceptions and operational incidents, support root-cause analysis and remediation, and recommend improvements to strengthen controls.
- Support internal and external audits by preparing requested documentation, reconciliations and explanations, and contribute to the automation and improvement of NAV, reconciliation and reporting processes.
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration or a related field.
- At least two years of relevant experience in fund administration, banking, accounting, audit or asset management.
- Professional certifications (ACCA, CFA, - in progress or completed) will be considered an additional advantage.
- Good understanding of NAV calculation, financial accounting and investment instruments, particularly loans, bonds, deposits and money-market instruments.
- Knowledge of accrued interest, effective interest rate, amortised cost, fair value, and realised and unrealised gains and losses.
- Advanced Microsoft Excel skills; Bloomberg knowledge will be considered an additional advantage.
- Good command of Georgian and English and the ability to work accurately under daily and monthly deadlines.
TBC processes the personal data of the candidate in order to determine the suitability of the candidate for the vacancy, in accordance with the requirements of the Law of Georgia on Personal Data Protection. Information about the candidate may also be processed to determine the suitability of the candidate for future vacancies. Information about the candidate is stored for a maximum of 3 years. In case you do not want further data processing, want to change or delete data, please follow the link and contact us through the communication channels located at the same link https://tbcbank.ge/en/privacy-policy
TBC shares its information with companies included in the TBC Bank Group PLC. Subsidiary companies also ensure personal data processing in accordance with the law. If you do not wish to share your data with TBC Group companies, please contact us at the same link https://tbcbank.ge/en/privacy-policy
TBC conducts the candidate selection process in compliance with the requirements of the Law on the Elimination of All Forms of Discrimination and the principles of equal treatment, eliminating discrimination on any grounds. If you observe any signs of discriminatory treatment, you can report the incident and be assured that your notification will be followed by appropriate action. At TBC, you can raise your voice through various communication channels and report an incident either anonymously or openly:
- Anonymous web form #1 - https://form.jotform.me/tbcbank/anonymous-hotline
- Anonymous web form #2 - https://app.safecall.co.uk/ka/file-a-report
- Anonymous hotline - 0800 100 268
- Anonymous letter
- Email - the address and detailed information regarding the anonymous reporting of an incident can be found on the website – Anonymous Hotline
We will contact only those candidates who pass the first stage of the selection process and are granted candidate status.