Team Leader - Segregated Funds at Apex Group

Summary of the position

• The Segregated Fund Accounting Team Leader for managing the team of Fund Accountants responsible for all aspects relating to the delivery for the start of day portfolio and reporting validation; system reconciliation; NAV oversight and daily reporting checks for segregated funds and client query support & resolution. The Team Leader will combine their operational capabilities from all administrational departments into one function, while demonstrating a client focused ethos. The individual will be required to manage staff, assisting with issues coming out of the operations, review of staff work and ensure processes are followed and standards are adhered. This individual will also oversee projects aimed at improving the processes within Segregated Fund Accounting.

Outline of main duties and responsibilities

The Team Leader – Segregated Fund Accounting will be expected to:

• Deal with client queries and audit queries;
• Ensuring the accurate calculation of Fund valuations, including NAV’s and accounting to TB;
• Communicating and answering any queries on the Funds from the team;
• Manage the output of the team according to the daily production schedule;
• Perform valuation quality assurance valuation reviews and ensure consistent quality of output;
• Document all processes, checklists and controls within the team;
• Monitor and manage the performance of the team as well as individual team members, including setting up KPI aligned to job description and development of staff;
• Implementation of projects, checks and controls to mitigate risk;
• Management of staff in taking on new funds allocated;
• Participate and lead training applicable for the team;
• Monitoring and delegating to ensure that recons in fund accounting are clear
• Be responsible for the validation checks of segregated portfolios that are priced through overnight batches;
• Be responsible for the validation, correction and dissemination of revised reporting for portfolios which are priced through overnight batches on the InvestOne platform;
• Deliver high standards of service quality to specific clients in accordance with agreed external and internal Service Level Agreements;
• Maintain and develop strong and trusted relationships within the different operational teams and maintain a high standard of quality output;
• Provide support for the Asset Management Warehouse Reporting and related client queries.
• Support the NAV Oversight and Tax team with all functions and tasks.
• Investigate and resolve exceptions from daily NAV recons, oversight checks and daily EMS exceptions for Segregated Funds.
• Reconcile transitions and ensure all transition offsetting entries are processed for Segregated Funds;
• Develop and maintain strong and trusted relationships with clients;
• Demonstrate technical and interpersonal skills;
• Work closely with managers and senior managers across all operational areas ensuring a seamless end to end operational model;

        Skills and experience required.

• A BCom or similar, accounting, economics or investments background together with 3 years Fund Accounting experience in a senior capacity;
• In addition, the individual should have experience with the various fund types either locally or internationally.
• IT and Systems Skills and Knowledge:
• Advanced level experience in using Excel, InvestOne and other related systems;
• Proven competence and an aptitude for working with systems;
• Detailed understanding of funds and fee structures;
• Previous experience in supervising a team and conducting colleague reviews;
• Previous experience in dealing with clients;
• Previous experience in mentoring of junior and new staff;
• Excellent communication skills (both written and verbal);
• Confident, enthusiastic and self-motivated;
• A track record of achievement;
• Analyse and solve problems;
• Supervise staff and managing a team;
• Work as part of a team;
• Assist in process improvement;
• Develop & implement policies & procedures;
• Identify problems and delegate effectively;
• Monitor portfolio;
• Produce daily and weekly stats on recon items;
• Establish and manage relationships;
• Liaise with clients and system developers;
• Basic investment product knowledge;
• Good understanding of Financial Markets, instruments and systems.

 Reporting structure

• The Segregated Fund Accounting Team Leader reports to the Senior Manager – Segregated Fund Accounting