Perform Fund and Portfolio administration including trade execution and reporting
Minimum requirements:
- BCom degree or equivalent
- 2- 3 years industry experience requirement- Financial Services: Fund operations, Asset Management operations
- Experience in collective investment scheme and portfolio administration
- Experience in working with auditors
- Compliance experience and insight preferable
Technical software:
- Excel at an advanced level
- Bloomberg AIM would be a distinct advantage
- Morningstar, Fundamental, HIPORT and other fund/portfolio administration systems would be a distinct advantage
Responsibilities:
Portfolio Reconciliation. Reconciling SA domiciled funds and portfolios on Bloomberg AIM making use of the BaseSigma as reconciliation tool. Including but limited to:
- Daily FX margin adjustments
- Daily Cash Balance Recons (BDS/CCMS)
- Daily Portfolio Recons to MAV
- Hand Pricing of Instruments (Weekly & adhoc)
- Report generation & confirmations to CAM
- Processing Cash Transfer Instructions
- Monitoring Mutual Fund Trades on BBG console
- BaseSigma maintenance
- Corporate Action Processing
- Query Resolution
- Update data files for uploading
- Timely distribution. Communicate availability to the CAM/PMs
Trade and General Portfolio Administration. Executing trades (all instrument types) & cash transfer instructions received from the investment team ensuring best and timely execution.
Monitoring compliance with investment guidelines.
Assist with the opening of accounts with newly appointed segregated/sub portfolio managers.
Providing general administration support to Asset Management and Administration Services
- Receive and confirm trades/cash transfer instructions
- Compile instruction for signoff where applicable
- Instruct and ensure receipt
- File and update trade register
- Update operational calendar with relevant pending trades
- Information gathering
- Opening of various accounts and account types
- Follow up with suppliers
- Regular feedback to manager
- Dealing with a daily and adhoc queries
Cash Management
- Monitor cash levels in Current accounts
- Monitor flows (inflows/outflows/transactions)
- Place excess cash in Current accounts on Call with banks
- Withdraw from Call when required so ensure liquidity
- Ensure compliance at all times (Using Credit Rating & Compliance tool)
- Open call accounts with new Banks
- Maintain active accounts & relationship with banks
Calculations & Data Input ; Perform TIC (TER + TC) Calculation Checks and submit via Finswitch, Money Market Rate Calculation and BBG Update:
- Data sourcing & verification
- Populate TER Sheets
- Data verification and checking for reasonability
- Request sign-off
- Publish onto Finswitch