Product Specialist at Coronation Fund Managers

Job Description    

• This role will mainly entail NAV oversight, fund accounting duties and review of all related reporting for our pooled and mutual fund products. This includes SA Unit Trusts, Pooled Life portfolios and Hedge funds.
• The person in this role will mainly be responsible for reviewing the correctness of the daily pricing and asset management operations, as well as reviewing all reporting relating to our pooled and mutual fund products.

Duties and Responsibilities    

• Verification of NAV pricing
• Review price calculations.
• Review instrument valuations.
• Review of fund performance.
• Verification of Money Market Yield pricing
• Review yield calculations.
• Review instrument valuations and income accruals.
• Review of fund performance.
• Verification of income distribution data for distributing funds
• Verification of expense data
• Review service fee/management fee calculations.
• Review performance fee calculations.
• Review bank, custodian, trustee charges.
• Review audit fee charges.
• Review administration fees.
• Review any other ad hoc expenses.
• Review of Total Expense Ratio and Transaction Cost calculation and reporting.
• Compliance monitoring
• Handle interest/market claims for funds.
• Monitor compliance in accordance with mandate and regulatory limits.
• Cash management and cash flow processing
• Responsible for electronic fund transfer process to third and other parties
• Review and monitor reconciliations
• Review and resolve bank recon items.
• Review and resolve scrip recon items.
• Review and monitor fund accounting/reporting
• General administration and daily operations
• Monitor outsourced administration.
• Liaison with Administrator on all fund accounting matters.
• Handling of ad hoc pricing queries.
• Liaison and provision of pricing and fund data to service providers.
• Liaison with trustees on all matters on CIS funds.
• Review of CGT calculations on disposal of instruments in certain foreign markets.
• Coordination of asset transitions.
• Annual audit coordination
• Coordination of pre and post audit meetings.
• Annual planning of audit schedule.
• Liaison with auditors on all audit matters.
• Audit fee monitoring and management.
• Regulatory and accounting reporting
• Review and provide Regulation 28 reporting and Regulation 30 reporting. 
• Review and provide SARB reporting (client and regulator).
• Provide reporting to industry regulators and bodies (ASISA, FSCA).
• Management reporting
• Provision of management reporting and statistics.
• Review and preparation of data used in presentations.
• Regular review of pricing standards/best practice
• Continuous review of ASISA standards and guidelines and application thereof.
• Coordination of product events
• Coordination of launch of new products.
• Coordination of merger of products.
• Coordination of closure of products.
• Coordination of correction of pricing errors on any products.
• Coordination of fee or mandate changes on products.
• Providing support and coverage to our offshore division on our foreign mutual funds
• Ad hoc participation in projects

Ideal Experience    

• Minimum 5 years Asset management administration and/or pooled and mutual fund pricing experience

Ideal Qualifications    

• Commerce degree (strong in accounting)

Most Important Attribute    

• Strong attention to detail
• Strong numeracy skills
• Team player
• Ability to meet deadlines
• Problem solver
• Proactive and able to use initiative

Systems Knowledge    

• MSOffice – Advanced Excel skills an advantage
• Any portfolio management systems like InvestONE, Hi-Portfolio

Deadline:31st March,2026