Unitisation Accountant at Momentum

The incumbent is responsible for the Unitisation of all funds administered by Momentum Retirement Administrators.

Responsibilities and work outputs

• Unit price calculation and update Member Administration System
• Daily investment and disinvestments to and from Asset managers
• Import daily cash flows from the administration system
• Import market values from stadium and maintain growth variances
• Internal transfers of cash between bank accounts
• Rebalancing of funds within predefined rules
• Maintain percentages on system between funds and sub-funds
• Daily reconciliation of outstanding cash flows
•  Releasing of transition products
• Cash flow reporting
• Liaise with Investment Consultants of all Funds
• Compile asset-liability matching reports and totals for unitised funds
• Maintain the structure of new funds on the unitisation system
• Reconciliations at financial year ends
• Calculate factors and convert to unit prices for bonus declarations and smoothed bonuses
• Ensure correct update of Inet & Bond Exchange price feeds
• Maintain provision for asset manager fees, performance fees, and provision for interest calculations

Competencies required

• Target driven
• Attention to detail
• Interpreting Data
• Resilient

Requirements and Experience 

• B Com Accounting / financial markets degree or equivalent qualification
• 4 years relevant experience\
• Knowledge of retirement fund industry, stock exchange, and financial markets
• Knowledge of Unitisation system and Microsoft applications
• Knowledge of client support service
• Mathematical degree will be an advantage