NAV Oversight Director

Rory Mackie & Associates; Cape Town; On-site; ZAR 800,000 - 1,100,000; Full time

Job summary

A financial services company based in Cape Town is seeking a professional to lead their NAV oversight team. The role requires a CA(SA) with a minimum of 5 years' experience in asset management, particularly in fund pricing processes. Candidates with CFA certification and previous management experience are preferred. This position involves developing systems to improve efficiency and supporting the team through mentorship and training.

Qualifications

• Minimum of 5 years' post-articles experience in asset management.
• Experience with fund pricing processes is a distinct advantage.
• Management experience preferred.

Responsibilities

• Lead the NAV oversight team and ensure accurate fund pricing.
• Prepare regulatory and industry reporting for South Africa and the UK.
• Develop and maintain effective systems and procedures.

Skills

Management skills

Analytical skills

Client focus

Regulatory knowledge

Education

CA(SA)

CFA (advantage)

Job description

Responsibilities

• Lead the team responsible for delivery of:
  • Day-to-day NAV oversight including fund pricing, distributions, yields and other related functions
  • Confirm the accuracy and reasonability of daily priced funds and daily yields on constant NAV portfolios
  • Daily review and oversight over cash balances and cash, scrip and NAV reconciliations and assist in resolving reconciliation breaks
  • Calculate and review of income distributions, yields, management fees, performance fees, fund expenses, TERs and transaction costs
• Have oversight of and assisting in the preparation of fund-related regulatory and industry reporting in South Africa and the UK
• Liaise with external service providers to build relationships and monitor their service levels
• Provide operational input into the management of our client’s product suite alongside the product development team
• Maintain relationships with investment teams, client groups and collaborate with other operations functions across the business. Understand, resolve, and respond to queries in an effective manner
• Develop, implement, and maintain effective systems, processes, and procedures to ensure achievements of service standards, reducing risk and improving efficiency. Ongoing maintenance of procedures documentation
• Support the NAV Oversight Team through sharing experience, training, and informal mentorship
• Participate in and report to various governance and oversight forums, committees, and boards

Requirements

• CA(SA) with Asset Management auditing experience essential
• CFA would be an advantage
• A minimum of 5 years’ post-articles experience in the financial services or asset management industry
• Experience in and the understanding of fund pricing processes and the mutual funds industry a distinct advantage
• Having previous management experience would be an advantage

Competencies

• The ability to ‘approach and own’ and continuously look for opportunities to develop
• A client focused and collaborative approach
• Intellectual curiosity
• Ambition, balanced with decency and humanity
• Ability to analyse, interpret and assimilate information
• A strong belief in doing the right thing