Investment Unitisation Specialist - Johannesburg, South Africa - Secondments Recruitment

Secondments Recruitment
Secondments Recruitment
Verified Company
Johannesburg, South Africa

2 weeks ago

Thabo Mthembu

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Thabo Mthembu

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Description

Job Advert Summary:


To conduct the unitisation and cash flow management of client/member funds and complete associated reporting so that a reliable defined contribution product is available to members.

Monitor cashflow of Client/Member Funds

  • Check the correct allocation of the clients' cash flows between the Pensioner administration system and valuations provided by Asset managers on the system.
  • Rebalance portfolios based on feedback received from designated sources

Minimum Requirements:

Experience, eduaction and competencies

  • B Comm Degree or Diploma in Economics/Finance (NQF7).
  • 35 years of experience in Investment Administration with exposure to Unitisation.
  • Strong numeric ability.
  • Able to handle large quantities of data, interpreting and analysing data.
  • Knowledge of concepts relating to unitisation.
  • Understand pension fund and investment management industry trends.
  • Good knowledge of Microsoft Excel.
  • Attention to detail.
  • Communicate clearly and politely, both verbally and in writing, to obtain information.
  • Ability to work independently and as part of a team.
  • Leadership
  • Self Mastery
  • Executes with excellence
  • Customer Centric
  • Agile

Duties and Responsibilities:

Monitor cashflow of Client/Member Funds

  • Check the correct allocation of the clients' cash flows between the Pensioner administration system and valuations provided by Asset managers on the system.
  • Rebalance portfolios based on feedback received from designated sources
  • Capture and send cash flow instructions to Asset Managers, following up on queries regarding cash flows directly with them to resolve potential issues.
  • Prepare asset allocation calculations and portfolio rebalances based on feedback received.
  • Perform bank reconciliations weekly and monthly, utilising appropriate system tools to achieve accurate information.
Complete Unitisation process

  • Check unit pricing daily, reconciling information against Asset Manager data, market values and cash flow confirmations to ensure accurate calculations.
  • Calculate pricing on the system, using daily valuations and trades posted on the system by Asset Managers to capture daily market values.
  • Send daily/monthly prices to Investment Administration/Procurement Manager for approval.
  • Check and authorise cash flow instructions and daily unitisation process on the system.
  • Adhere to practices and procedures, including completing evidence on checklists.
Governance, compliance and reporting

  • Adheres to and embeds the Investment Unitisation requirements that are set out by the Pension Fund's Act and the Financial Services Board's circulars on minimum defined contribution requirements for pension funds.
  • Commit to regular update meetings with the Investment Administration/Procurement Manager to give feedback on compliance
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