Roles and Responsibilities of the Deposits Administrator
- Manages daily activities of the operational deposit support function by providing real time support in terms of customer/ deposit information needed by the Liability Generation team.
- Daily monitoring of maturing Investments and timely notifying Account/Relationship managers
- Management of all correspondence with customers
- Monitor dedicated bank accounts on a daily basis for inflows from customers
- Ensure customer files are created on Mambu for accurate capture of deposits
- Liaise with the Liability Generation team to obtain relevant parameters for new deposit inflows
- Compare parameters with existing deposit pricing grid for consistency. Document and file exceptional approvals for deposits obtained outside the pricing grid
- Update deposit schedule with relevant parameters – principal, deposit type, tenor, rate, value date and maturity date
- Printing customer investment letters and ensure signing by the relevant parties
- Follow up with customer deposit maturity notifications with the relevant relationship *officers
- Implementing customer’s liquidation instructions.
- Liaising with Finance for funding (where available funds in the account is not sufficient to offset matured obligations)
- Ensure all related reconciling items in the dedicated deposit bank statements are cleared at close of business every day
- Perform a daily reconciliation between current and previous day schedules. The difference between both schedules should be a net total of current day transactions.
- Perform a comparison between accrued interest balance on Excel Schedule and Mambu on a daily basis.
- Perform a daily reconciliation between the deposit schedule and GL on a daily basis. All differences must be cleared
- Prepare deposit report for ALCO reporting on a weekly basis
- Take an active part in providing insights and suggestions on trends in the deposit balance
- Engage in market intelligence on rates offered by other MFBs, Commercial Bank and Asset Managers
- Keeping records of all rate waivers by Management
- Other duties as advised by Supervisor
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