Perform Fund and Portfolio administration including trade execution and reporting.
Minimum requirements:
- BCom degree or equivalent.
- 2-3 years industry experience in 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 not 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, including:
- 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 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 to ensure liquidity.
- Ensure compliance at all times (Using Credit Rating & Compliance tool).
- Open call accounts with new Banks.
- Maintain active accounts & relationships 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.
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