Investment Administrator (contract role)

Candidate Connect; Durban; On-site; ZAR 200,000 - 300,000; Full time

Job summary

An investment management firm in Durban is looking for an Investment Administrator for a 9-month contract. The ideal candidate should have 1-3 years of relevant experience within an Asset Manager or a 3rd party administrator. Responsibilities include daily processing, monthly processing, and client reporting. Strong numerical and communication skills are essential for this role.

Qualifications

• 1-3 years of Investment Administration experience in an Asset Manager or 3rd party administrator.
• Experience in Unit Trusts / Retirement Funds preferred.

Responsibilities

• Check all forms and supporting documentation received according to relevant checklists.
• Capture and process new application forms within daily turnaround times.
• Monitor bank reconciliation and follow up on outstanding funds.
• Draft correspondence for clients not compliant with Regulation 28.

Skills

Excellent numerical skills

Good communication skills

Detail-oriented

People person

Job description

Overview

Great opportunity to join an Asset Manager in Durban as an Investment Administrator for a 9-month contract role.

The ideal candidate would have 1-3 years Investment Administration experience, within an Asset Manager or a 3rd party administrator. Experience in Unit Trusts / Retirement Funds would be preferable. This person should have excellent numerical skills and great attention to detail; be a people person with good communication skills and take pride in producing a high standard of work at all times.

Responsibilities

Daily processing:

• Checking all forms and supporting documentation have been received according to the relevant checklists
• Capturing and processing new complete application forms within the daily turnaround times
• Capturing and processing switch and/or repurchase instructions within the daily turnaround times
• Following up with the Client Relationship Team for outstanding requirements on incomplete application forms and instructions
• Monitoring the bank reconciliation and following up on any outstanding funds
• Checking client signatures have been verified and all supporting documentation has been received and processed
• Calculating the profit and loss on any back-dated transactions

Monthly Processing:

• Checking and balancing the Debit Order process.
• Identifying rejected monthly income payments and debit orders and informing the Client Relationship Team.
• Checking Monthly Distribution and Early Income Payment Reports to ensure all clients’ required monthly incomes have been met.
• Balancing the Payments Schedule of all Financial Advisors' commission before commission payments are made.

Reporting:

• Sample Checking of the Daily Reporting and Welcome packs for clients and Financial Advisors.
• Drafting and sending correspondence to clients who are not compliant with Regulation 28 and monitoring these clients to ensure their asset allocations are changed / switched to be compliant within the legislated timelines
• Generating, checking and emailing retirement letters to clients invested in the retirement funds
• Checking tax statements such as IT3b, IT3c, IRP5, IT3a and Contribution Certificates.

You understand and accept that, by applying for this role, you authorise Candidate Connect to obtain your personal information and utilise said information for recruitment purposes for this role. Your information will be stored on our database. Should you wish for us to remove any personal information from our database, please contact us at [e-mail]. Your data will not be used for any unsolicited marketing purposes, and will not be transferred to any third parties without your direct consent.

Please note that if you do not receive a response from us within 2 weeks of your application, please consider it as unsuccessful for this particular role – thank you.