Unitisation Accountant

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.