Investment Unitisation Specialist (Bryanston) at Eskom Communications

Description

1. MONITOR CASHFLOW OF MEMBER/CLIENT FUNDS 

• Check the correct allocation of the clients’ cash flows between the Pensioner administration system and valuations provided by Asset managers on the system.
• Rebalance portfolios based on feedback received from designated sources.
• Capture and send cash flow instructions to Asset Managers, following up on queries regarding cash flows directly with them to resolve potential issues.
• Prepare asset allocation calculations and portfolio rebalances based on feedback received.
• Perform bank reconciliations weekly and monthly, utilising appropriate system tools to achieve accurate information.

2. COMPLETE UNITISATION PROCESS

• Check unit pricing daily, reconciling information against Asset Manager data, market values and cash flow confirmations to ensure accurate calculations.
• Calculate pricing on the system, using daily valuations and trades posted on the system by Asset Managers to capture daily market values.
• Send daily/monthly prices to Investment Administration/Procurement Manager for approval.
• Check and authorise cash flow instructions and daily unitisation process on the system.
• Adhere to practices and procedures, including completing evidence on checklists.

3. COMPILE REPORTED FEEDBACK 

• Analyse Product and Fund returns, validating whether the products have pulled through correctly, confirming accuracy of information.
• Assess information on returns achieved against benchmarks, utilising an understanding of Product performance and financial instruments to provide accurate reports.
• Prepare standard weekly and monthly reports by interpreting and analysing market values and unit prices reflected on the system.
• Provide reported feedback in response to ad hoc queries/requests for information on Investment Unitisation from Management.

4. COLLABORATE WITH EXTERNAL/INTERNAL STAKEHOLDERS 

• Work with relevant internal departments to access information and resolve queries to achieve the required Unitisation process flow.
• Follow up with Asset Managers/Fund Administrator/ System Administrator on information required and/or the resolution of queries related to the Unitisation process.
• Assist with documentation of processes and procedures for the Investment Administration team.
• Participate in internal improvement initiatives within the Investment department to ensure continuous business improvement.

5. GOVERNANCE, COMPLIANCE AND REPORTING

• Adheres to and embeds the Investment Unitisation requirements that are set out by the Pension Fund’s Act and the Financial Services Board’s circulars on minimum defined contribution requirements for pension funds.
• Commit to regular update meetings with the Investment Administration/Procurement Manager to give feedback on compliance.

TECHNICAL COMPETENCY REQUIREMENTS

• Strong numeric ability.
• Able to handle large quantities of data, interpreting and analysing data.
• Knowledge of concepts relating to unitisation.
• Understand pension fund and investment management industry trends.
• Good knowledge of Microsoft Excel.
• Attention to detail.
• Communicate clearly and politely, both verbally and in writing, to obtain information.
• Ability to work independently and as part of a team.

REQUIRED MINIMUM QUALIFICATION

• B Comm Degree or Diploma in Economics/Finance (NQF7).

REQUIRED MINIMUM WORK EXPERIENCE 

• 3-5 years of experience in Investment Administration with exposure to Unitisation