Investment Administration Specialist at RisCura

Purpose of Job

Fund Pricing and Valuation

• Daily calculation of the net asset value (NAV) of the retirement fund.
• Ensure accurate pricing of fund units based on market data and investment holdings.
• Monitor and adjust for market fluctuations, accruals, and derivatives.

Cashflow Management

• Monitor and process contributions into the fund (from Employee Benefits Administrator).
• Manage withdrawals, benefit payments, and disbursements from the fund.
• Ensure cash movements are properly recorded and reconciled.

Trade Instruction and Execution

• Process and submit trade instructions for portfolio rebalancing or investment adjustments.
• Work with asset managers to execute investment/disinvestment instructions in the fund.
• Reconcile trade settlements and ensure proper documentation.

Reconciliation and Reporting

• Regularly reconcile the fund’s holdings, transactions, and cash positions with asset managers and custodians.
• Prepare reports on fund performance, cash flows, and investment positions for consultants and other stakeholders.
• Ensure all fund data is accurate and up-to-date for auditing and regulatory purposes.

Compliance and Regulatory Requirements

• Ensure that all fund operations adhere to local pension fund regulations.
• Assist in preparing reports and filings required by regulatory bodies.
• Stay updated on regulatory changes and ensure the fund's operations remain compliant.

Client/EBA Communication

• Answer queries from Employee Benefits Administrators about contributions, balances, and withdrawals.
• Assist with the distribution of cashflow statements, fund performance updates, or any changes to the fund.

Fund Administration

• Manage the overall administration of the retirement fund, including maintaining accurate records of fund participants.
• Work closely with trustees, actuaries, auditors, and other professionals involved in the management of the fund.

Risk Management

• Monitor operational risks related to fund processes, including transaction errors, pricing mistakes, and liquidity risks.
• Implement controls to mitigate such risks and ensure timely corrective actions when issues arise.

Other Key Relationships

• Administration Team members.
• Internal teams such as Client Servicing, Transition, Trade Rebalancing and Fund Accounting.
• External stakeholder relationships, such as Employee Benefits Administrators and Asset Managers.
• Systems development team and external systems development companies.