Senior Multi-Manager Operations Specialist Job Title Senior Multi-Manager Operations Specialist
Position Type Permanent
Role Family Investments
Cluster Group Finance
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Cape Town/Gauteng
Introduction Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.
We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses. Visit us at www.momentummetropolitan.co.za
Role Purpose This position is located within the Group Investment Services department in Group Finance. This role is open to candidates who reside in either Cape Town or Centurion and surrounds.
Requirements An appropriate commerce degree or qualificationA minimum of 7 – 10 years experience in the Investment environment especially single and / or multi-manager administration reportingKnowledge of Interlink or any pooled fund administration would be advantageousKnowledge of Investment Administration systems such as AIMS, SMAC, InvestOne, HiPort, EagleOne etc would be advantageousKnowledge of Asset based taxes such as Capital Gains Tax and Dividend Withholding Tax would be advantageousKnowledge of budgeting processes and variance analysis would be advantageous Duties & Responsibilities The successful candidate will be responsible for:
All daily technical investment administration and unitization activities within the Group Investment Technical Operations team. This will include, but not be limited to:
Portfolio structure construction implementation including rebalancing, cash flow monitoring,Perform business process impact of strategic new client and portfolio initiatives and redesign of existing processes as required,Policyholder fee accrual calculation review and oversight including but not limited to accruals such as - Management fees - Capital Gains Taxes in accordance with Schedule 8 of the Income Tax Act- Other allowable asset based taxes such as Dividend Withholding Tax and Real Estate Investment Trusts Income TaxSpecialist oversight and analysis of daily gross as well as net of accrual unit prices and fund build-ups. This would also include ad hoc performance of unit price rebuilds and client communicationIn-depth understanding of corporate actions and the impact of it on policyholder pricing especially for net pricing purposes, maintaining an update and appropriate fund pricing policy and ensuring compliance to industry best practice as well as all MMI Group policies,Collaborate with GIS Management team as well as other functional areas to design, implement and monitor all relevant processes within an appropriate risk control framework.Technical Implementation Operations Daily coordination and processing of investment rebalancing's switches and blending instructionsDaily monitoring of all cash flows processed in unitization system and escalation of cash liquidity and portfolio target weights breaches with Momentum Investments ImplementationPerform oversight of all transactions traded with outsourced service provider being Apex and resolve any escalationsEnsure asset allocation views are implemented and aligned according to client/portfolio resolutions received and instructed by mandate owners and Momentum InvestmentsDetailed understanding of asset-based taxes, CGT, REIT, and DWT calculations within unitization spaceProvide technical advice and expertise regarding portfolio structure construction and fee implementation within GIS Unitization system.Management of all clients, portfolio, and Fund Manager Fees, including processing, attribution, and variance checksPerform detailed reporting on all fees through compiling fee schedules, instructing transfers of proceed to cooperate account and distribution of signed-off schedules to relevant internal stake holdersPerform monthly fee sweeping process on GIS fee reinvestment portfoliosCo-ordinate / assist with various strategic initiatives within Group Investment Service.Performs special projects and duties relating to Portfolio transitionsSupporting and co-ordination of client/portfolio take-on and disinvestment activities through designing and implementation of take-on templates and management of all static data within the unitization system.Investigate and resolve investment operations cash and unit recon breaks queried by the recon teams and escalate impacted portfolios when requiredProvide support to GIS Banking process through designing and implementation of banking modelMaintain detailed documentation of all processes within the Implementation teamContinually review and update operational processes to reduce risk and improve efficiency.Maintain depository of all portfolio codes used in all unitization databases (Code Allocation Sheet)Maintain depository of all portfolio fees loaded in all unitization databases (Fee Master)Regularly perform system maintenance and rationalize all reporting groups and pricing groupsMonitor and resolve any data integrity issues within all unitization systemsPerform quarterly system access management reviews to determine accuracy of access granted relevant to all user's current job responsibilities and supports proper segregation of duties within their divisionCollaborate and work with other teams to deliver required service levels.Ensure all assigned client queries are resolved within the stipulated turnaround timesPerform incident analysis and incorporate findings into process improvementMaintain a broad and consistent knowledge of investment management landscapeTechnical Pricing In depth investigation and analysis into Policy holder product pricing queries including, but not limited to: Derivation of prices in conjunction with relevant pricing inputsPerform ad hoc price analysis and/or portfolio build ups to prices that are reported to be incorrect by clients and/or internal stakeholdersWrite, test, and update pricing models where necessaryEmploy best practice methods and standards with respect to Policy holder product pricing verificationEnsure that pricing related issues are communicated, and action plans put in place to correct themPerform incident analysis and incorporate findings into process improvementEnsure effective financial management, control, and corporate governanceTake accountability for the management of business-related risksShare and transfer product, process, and systems knowledge to colleagues. Ability to work without supervision but also able to collaborate with team members and senior management#J-18808-Ljbffr
