Fund Administrator

Exceed Human Resource Consultants; Stellenbosch; On-site; ZAR 250 000 - 350 000; Full time

Job summary

A recruitment consultancy is seeking a candidate for a role in fund operations in Stellenbosch. The successful applicant will oversee cash management, portfolio reconciliation, and ensure fund compliance. Candidates with a BCom degree and relevant industry experience will be preferred. This role offers the opportunity to work within a dynamic financial services environment.

Qualifications

• 2 - 3 years industry experience in Financial Services: Fund operations or Asset Management operations.
• Experience in collective investment scheme and portfolio administration.
• FAIS, FICA and Regulatory Compliance experience.

Responsibilities

• Monitor and instruct on cash levels in Settlement and Call accounts.
• Reconcile funds cash and call accounts.
• Process corporate action instructions.
• Assist in the compilation of monthly and ad-hoc client reports.
• Monitor and report fund compliance against regulatory guidelines.

Skills

Cash Management

Portfolio Reconciliation

Corporate Actions Processing

Client Reporting

FAIS and FICA Compliance

Education

BCom degree or equivalent

Job description

Reference:

10714 NB

Consultant:

NineBroodryk

Job Description:

• Cash Management
  • Monitor and instruct on cash levels in Settlement and Call accounts with banks and funds
  • Monitor and report on fund flows (inflows/outflows/transactions)
  • Monitor and manage fund liquidity
  • Ensure fund compliance at all times against specific criteria
  • Assist with the opening/closing of accounts for existing/new mandates with existing/new bank
  • Maintain active accounts & relationship with bank counterparties
• Portfolio Reconciliation
  • Reconcile funds cash and call accounts
  • Liaise with and direct fund administrators in reconciliation corrective action for:
  • Daily FX margin adjustment
  • Daily Cash Balance Reconciliations
  • Daily Portfolio Reconciliation
• Administrator Reporting
  • Liaise with and direct broker and bank counterparties in reconciliation
  • Broker / bank confirmations
  • Asset valuations
• Corporate Actions Processing
  • Process corporate action instructions
  • Query Resolution
  • Data Management
  • Update data files for uploading
  • Data sourcing & verification
• Trade and General Portfolio Administration
  • Set-up (instrument static), capture and maintain all trade instructions and facilitate authorisations from all required parties.
  • Execute trades (all instrument types) & cash transfer instructions ensuring best and timely execution
  • Monitor, check and confirm execution of trade instructions, with fund administrators and brokers
  • Compile instruction for sign-off where applicable
  • Monitor, manage and control all transactions processed and liaise with portfolio managers to ensure successful trade cycle completion
  • Update operational calendars
  • Feedback to portfolio managers
  • Resolve ad hoc and daily queries
• Client Reporting (monthly and ad-hoc)
  • Assist in the compilation of monthly Minimum Disclosure Documents (MDD’s)
  • Assist in the compilation of monthly and ad-hoc client reports
  • Assist in compilation of monthly and ad-hoc fund presentations
  • Compile graphs, tables & other information as required.
• Compliance
  • Monitor and report fund compliance against regulatory and investment guidelines and elevate as necessary
  • Assist in the compilation of compliance daily, monthly and ad-hoc compliance reports
  • Review compliance reports and elevate breaches/near breaches on a daily basis.
  • Assist in the acquisition and compilation and provision of FAIS and FICA related information.

Qualifications:

• BCom degree or equivalent an advantage
• 2 - 3 years industry experience in Financial Services: Fund operations or Asset Management operations an advantage.
• Experience in collective investment scheme and portfolio administration
• FAIS, FICA and Regulatory Compliance experience and insight an advantage

How to Apply:

• Email your comprehensive CV to [e-mail].
• If you are already registered, please forward your CV and the relevant reference number to the consultant with whom you are currently registered in order to avoid duplicity on our system.
• We reserve the right to only conduct interviews with candidates of choice.
• Applicants who have not received feedback within 30 days from the closing date must please accept their application as unsuccessful.