ETF Operations Associate – CA(SA)/CIS – Investment Management - (12-month FTC)

Rory Mackie & Associates; Cape Town; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Rory Mackie & Associates seeks a Fund Accounting professional to oversee ETF-related services from third-party administrators across global fund ranges, working with the incoming ETF Operations Director to design scalable processes.

Responsibilities include stabilising cash movements for ETF flows, establishing AMETF rebate calculations, onboarding new market makers, and overseeing iNAV/PCF and intraday NAV validation while collaborating with Compliance and external admins to embed controls in a

Qualifications

• ETF administration experience or CIS operations experience.
• Reconciliations or asset management auditing experience.
• Comfort in a fluid environment where you help define the process, not just follow it.

Responsibilities

• Build and stabilise the cash movement process for ETF flows (inflows/outflows/distributions).
• Establish monthly AMETF rebate calculations as a repeatable process.
• Support onboarding of new market maker relationships as ETFs launch.
• Assist with daily S&P iNAV/PCF and pricing oversight and validate intraday NAV/files.
• Work with Fund Accounting, Compliance and external administrators to embed controls into the operating model.
• Document processes and procedures for handover into BAU.
• Review related invoices, assist with budgets, and analyze variances.

Skills

ETF operations

Fund accounting

Reconciliations

Asset management auditing

Education

CA(SA) or equivalent

Job description

About the team:

This role sits within Fund Accounting and is responsible for monitoring and providing oversight of all fund accounting related services from third-party administrators across our client’s global fund ranges. This role is central to building the operational foundation for that growth, working closely with the incoming ETF Operations Director to design and embed the processes that will support the range as it scales.

Responsibilities:

• Build and stabilise the cash movement process related to ETF flows — inflows, outflows and distributions
• Establish Actively Managed Exchange Traded Fund (AMETF) rebate calculations as a repeatable, controlled monthly process
• Support onboarding of new market maker relationships as further ETFs launch
• Assist with daily S&P iNAV/PCF and Pricing oversight and validating intraday NAV and portfolio composition files
• Work closely with Fund Accounting, Compliance and external administrators to embed controls into a new operating model
• Document processes and procedures as the operating model is built, ready to hand over into business-as-usual
• Responsible for the review of related invoices, preparation of budgets, and analysis of variances

Requirments:

• CA(SA) or equivalent professional qualification, or demonstrable hands‑on experience in ETF or CIS operations
• Experience with CIS or ETF administration, reconciliations, or asset management auditing experience
• Comfort working in a fluid, still‑forming environment where you’re helping define the process, not just following one

Some of the attributes we look for in a person are:

• Ability to recognise and embrace change
• The ability to ‘approach and own’ and continuously look for opportunities to develop
• Intellectual curiosity
• A client focused and collaborative approach