Position Summary:
The incumbent will be responsible for the Unitisation of all funds administered by MCAA.
Key Responsibilities:
- Rebalancing of funds within predefined rules
- Import daily cash flows from the administration system
- Maintain percentages on the system between funds and sub-funds
- Daily reconciliation of outstanding cash flows
- Internal transfers of cash between bank accounts
- Calculate factors and convert them to unit prices for bonus declarations and smoothed bonuses
- Liaise with Investment Consultants of all Fund
- Releasing of transition products
- Compile asset-liability matching reports and totals for unitised funds
- Presentation of results (unit prices) and explanation of unit price movements at Investment Committees of Funds
- Import market values from the stadium and maintain growth variances
- Ensure correct update of Inet & Bond Exchange price feeds
- Unit price calculation and update Member Administration System
- Daily investment and disinvestments to and from Asset managers
- Maintain the structure of new funds on the unitisation system
- Cash flow reporting
- Maintain provision for asset management fees, performance fees, and provision for interest calculations
Required Education & Experience:
- Mathematical degree will be an advantage
- Knowledge of the retirement fund industry, stock exchange, and financial markets
- Knowledge of Unitisation system and Microsoft application
- Grade 12 or equivalent
- Knowledge of client support service
- Minimum 3-4 years of relevant experience
- B Com degree or equivalent qualification