Unitisation Accountant
4 months ago
Cape Town, Saudi Arabia
Momentum
Full time
Role Purpose
- The incumbent is responsible for the Unitisation of all funds administered by Momentum Retirement Administrators.
Requirements
- B Com degree or equivalent qualification.
- 3-4 years relevant experience.
- Knowledge of retirement fund industry, stock exchange and financial markets.
- Knowledge of Unitisation system and Microsoft applications.
- Knowledge of client support services.
- Mathematical degree will be an advantage.
Duties & Responsibilities
INTERNAL PROCESS
- Unit price calculation and update Member Administration System.
- Daily investment and disinvestments to and from Asset managers.
- Import daily cash flows from administration system.
- Import market values from stadium and maintain growth variances.
- Internal transfers of cash between bank accounts.
- Rebalancing of funds within predefined rules.
- Maintain percentages on system between funds and sub-funds.
- Daily reconciliation of outstanding cash flows.
- Releasing of transition products.
- Cash flow reporting.
- Liaise with Investment Consultants of all Funds.
- Compile asset liability matching reports and totals for unitised funds.
- Maintain the structure of new funds on the unitisation system.
- Presentation of results unit pricesand explanation of unit price movements at InvestmentCommittees of Funds.
- Calculate factors and convert to unit prices for bonus declarations and smoothed bonuses.
- Ensure correct update of Inet & Bond Exchange price feeds.
- Maintain provision for asset manager fees, performance fees and provision for interest calculations.
CLIENT
- Resolve client queries within agreed timeframes.
- Provide authoritative, expertise and advice to clients and stakeholders.
- Build and maintain relationships with clients and internal and external stakeholders.
- Deliver on service level agreements made with internal and external stakeholders and clients.
- Make recommendations to improve client service within area of responsibility.
- Participate and contribute to a culture which build rewarding relationships, facilitates feed back and provides exceptional client service.
PEOPLE
- Develop and maintain productive and collaborative working relationships with peers and stakeholders.
- Positively influence and participate in change initiatives.
- Continuously develop own expertise in terms of professional, industry and legislation knowledge.
- Contribute to continuous innovation through the development, sharing and implementation of new ideas.
- Take ownership for driving career development.
FINANCE
- Contribute to identifying solutions to enhance cost-effectiveness and increase operational efficiency within the area.
- Manage financial and other company resources under your control with due respect.
Competencies
- Examining Information: Analysing and processing information, asks probing questions, strives to find solutions to problems.
- Interpreting Data: Interprets data rationally by quantifying issues, applies technology as a means to evaluate data, evaluates information objectively.
- Providing Insights: Is focused on continuously improving things, provides insights by identifying key issues, makes intuitive judgments.
- Meeting Timescales: Is target-focused and meets deadlines, is punctual and keeps to schedule, is reliable in finishing tasks.
- Checking Things: Is meticulous in finding errors, ensures accuracy by being thorough and checking details, produces high quality work by being detailed.
- Upholding Standards: Behaves ethically and justly, is discreet and maintains confidentiality, meets commitments by acting with integrity.
- Producing Output: Is focused on activity and works quickly, keeps busy and maintains productivity, is comfortable multi-tasking to produce output.
- Taking Action: Takes action to make things happen, uses initiative to start things up shows drive and invests personal energy.