Job Vacancies at Allan Gray Proprietary Limited

Job Description

The candidate will primarily be responsible for calculating the daily Net Asset Value (NAV) of various investment portfolios (Unit Trust, Pooled Products, Mutual Funds and Multi Manager). This includes the daily income and expense accruals, daily cash reconciliations, accurate calculation of service fees and benchmarks, scrip reconciliations and maintaining the cash positions and margin accounts. The candidate will also be responsible for NAV validation checks, verification checks and accepted tolerance levels for movements within the daily NAV. The candidate is responsible for both calculating the daily NAV and disseminating the NAV into the market. The role entails the accurate end-to-end processing required to support the NAV calculation.

Responsibilities

• Calculating the daily NAV of the Unit Trust, Pooled Products, Mutual Funds and Multi Manager Products 
• Daily expense and income accruals 
• Understanding the mechanism of financial instruments within a portfolio 
• Good understating of corporate actions and the impact on the NAV 
• Daily monitoring of cash balances 
• Daily bank reconciliations of funds and investigating any recon breaks timeously 
• Accurate capturing of foreign and local payments to trustees, custodians and third parties 
• Maintaining cash positions and margin accounts. 
• Calculation of derivatives and valuation of them 
• Accurate calculation of monthly service fees 
• Accurate calculation of benchmarks and understanding how the benchmark performance impacts the performance of the funds Understanding of the performance fee calculation 
• Understand the difference between capital and income components 
• Daily NAV verification and validation checks on funds and assessing if price variances are within an accepted tolerance level Disseminating of daily NAV's to the market 
• Understanding the impact of pricing errors and calculating materiality of the error 
• Daily and monthly scrip reconciliations 
• Review outputs of pricing process to identify all exceptions and anomalies and how the system can be enhanced Documenting and enhancing processes 
• Monitoring and performing periodic income distribution calculation and checks 
• Assist with asset transfers across all platforms 
• Preparation and assistance with year-end audits and auditors' requests 
• Communicating and answering any queries on the funds from internal and external stakeholders 
• Meeting client deadlines in terms of various service level agreements with stakeholders

Experience and Qualifications

•  BSc or BCom, with at least 1-year mathematics, statistics or accounting. 
•  2 years' experience at a financial institution
•  UT, Life or Bermuda fund/product knowledge is advantageous.

Competencies

•  Strong Excel skills 
•  High level of attention to detail and accuracy
•  Deadline driven and has good time management skills 
•  Excellent organizational skills 
•  Results Orientated
•  Works well in a pressurized environment
•  Good verbal and written communication skills
•  Self-motivated, determined, and resilient 
•  A 'self-starter': Someone who takes initiative and is proactive 
•  Analytically minded and has the innate ability to problem solve and make decisions when needed
•  The candidate should be able to work well independently, but also contribute positively to the team by being engaged, building relationships, and assisting the team where necessary 
•  The candidate should also take ownership of contributing to their own personal development
•  Should be able to work flexible hours if required to do so

go to method of application »

Purpose of the role

• Based in our Cape Town office at the V&A Waterfront, the purpose of this role is to perform administrative tasks across all teams within the Marketing department (Brand, Content and Digital), including managing the calendar of the head of Marketing.

Role responsibilities

• The role will include, but not be limited to:

Calendar management

•  Organise and arrange meeting logistics
•  Oversee and co-ordinate day-to-day activities and scheduling of appointments and meetings

 
Travel

•  Co-ordinate travel arrangements and itineraries for the department

 
Departmental meetings

•  Schedule monthly department meetings and quarterly team builds

Legislative administration

•  Lodge Allan Gray marketing material with the Financial Sector Conduct Authority (FSCA) on a monthly, quarterly and ad hoc basis
•  Keep an updated record of lodged material

Branded stationery management

•  Order branded stationery for all areas of the business
•  Ensure that branded stationery is up to date across physical and digital platforms
•  Manage gift catalogue orders

Third-party agencies

•  Liaise with third-party agencies on an annual basis for the compilation of B-BBEE certificates

PR administration

•  Studio and crew bookings (for videos, podcasts, etc.)
•  Refreshment bookings for shoots, recordings and internal celebrations
•  Maintain an updated radio interview log 

Financial administration

•  Capture price estimates and invoices on system
•  Ensure that all invoices are processed on time
•  Provide suppliers with purchase order numbers
•  Ensure that suppliers submit invoices on time
•  Prepare quarterly and biannual invoices reports
•  Capture new supplier details on Business Central
•  Complete corporate credit card recons and submit relevant supporting documents to Group Finance
•  Manage the department team builds and strategy budgets 
• Qualifications and experience 
• This is an entry-level role; however, a degree, diploma or other professional qualifications will be advantageous.

go to method of application »

Job Responsibilities

•  Lead and guide the technical vision, leveraging data engineering principles and tools to drive innovation and excellence within the team.
•  Build and maintain software that leverages existing data architecture and tooling (databases, APIs) to allow data analysts to use predictive modeling that delivers business insight
•  Collaborate with senior IT architects to design, build and maintain data infrastructure and pipelines to source, store and analyse internal and external data where required
•  Design clean and simple solutions which are aligned to overall architectural decisions and ensures seamless integration with existing systems.
•  Ensure that elegant, robust and secure code is written and maintained.
•  Interpret requirements and implement technical solutions
•  Improve and optimize the performance of existing systems
•  Contribute and drive technical decisions
•  Ensure that unit, integration and acceptance tests for all components are written
•  Ensure that build automation scripts are written
•  Assist with analysis where required

Requirements

•  5-8 years working experience as a Data Engineer, developer or related software development role
•  Experience in designing, building and maintaining technical solutions
•  Experience in architecting databases and building data pipelines/ETL processes would be advantageous
•  Familiarity with DevOps; continuous integration/deployment workflows and tools (e.g., Gitlab)
•  Strong understanding of software development process
•  Proficiency in modern programming language (Python preferred but not required)
•  Strong interest in working with data
•  Experience in system integration, distributed computing and building enterprise-wide systems
•  Knowledge of professional software engineering practices for the full software development life cycle, including coding standards, code reviews, source control management, build processes and testing

Education

• Degree in Computer Science, Computer Engineering, Information Science or related technical discipline

go to method of application »

Job Description

• Daily allocation of trades to portfolios and trading related administration.

Responsibilities

•  Implementation of portfolio manager investment decisions across the different mandate groups.
•  Monitor client asset allocation and individual security positions relative to given targets and suggest corrective trades to traders.
•  Obtain a detailed knowledge of each client’s investment mandate as well as all regulatory limits applicable to those clients.
•  Monitoring client portfolio controls as contained in investment parameters, internal investment controls and any client specific requests to prevent transgressions. 
•  Monitor client compliance with their individual investment management agreement (PMA), all relevant regulatory limits as well as the Allan Gray internal investment policy.
•  Investigate and resolve any client compliance issues raised by the Investment Guidelines team.
•  Construct new portfolios and rebalance portfolios where big deposits/withdrawals have occurred, or the client has requested a change in mandate.
•  Monitor the settlement of all equity trades daily and investigate any potential settlement issues by liaising with the traders, settlements team and brokers.
•  Upload and check the equity trades for the traders.
•  Prepare Morning Meeting presentation.
•  Compile various reports used in the trading and allocation decisions making process.
•  Prepare ad hoc reports required by Traders and Portfolio Managers 
•  Assist with end of day trade booking and ensure successful integration to the back-office system.

Qualifications and Experience

•  B.Com (Accounting, Actuarial, Economics, Finance, Statistics), B.Bus.Sc (Accounting, Actuarial, Economics,Finance, Quantitative Techniques), B.Econ.Sc (Finance, Actuarial) or similar 
•  Previous experience in back office, middle office or investment operations will be beneficial.

Competencies and Skills

•  High attention to detail 
•  Self-starter
•  Strong numeracy skills 
•  Good communication skills
•  Systematic and organized.
•  Deadline driven.
•  Works well under pressure.
•  Accurate 
•  Microsoft Excel skills 
•  Operate independently as well as within a team.
•  Energetic
•  Ability to prioritise effectively.
•  Working Hours: 07:45am to 17.45pm 

 
Motivation (Attach your answers in PDF format)

•  Motivate why you are the best person for the position.
•  Please describe what you understand under the role Trading allocator.
•  Please state which aspect of the roll enticed you most to apply. 

go to method of application »

Job Summary

• The role requires the candidate to actively manage the control environment and ensure robustness of controls in institutional client operations in order to comply with all regulations pertaining to AML, RMCP, FATCA, and OECD. The role will require reporting on AML statuses and other key operational metrics to always provide management with a view of key metrics. The role also aims to identify training gap in regulatory matters within institutional client operations and ensure processes and corresponding process notes remain up to date.

Job Responsibilities

•  Understand and stay abreast of all legislation impacting the institutional business
•  Collaborating with compliance and ensuring all new legislation, as well as changes to existing legislation and regulations, are understood and implemented successfully across all operational teams and regions
•  Ensuring the control environment is up to date and sufficiently mitigates risks of non-compliance. This requires a review of all controls and ensuring there is clear ownership for each which
•  Collaborating with the D365 point person in client operations on AML related items
•  Reporting on various statuses of compliance such as AML, suspicious transacting reporting, last verified date, FATCA, productivity measures, client service metrics, etc to management
•  Identify and support the training needs of institutional operations teams within agreed timescale
•  Assists in mitigation of compliance risk
•  Manage various financial crime monitoring lists in alignment with financial crime standards and procedures
•  Maintain daily, weekly and monthly statistics for reporting purposes

Experience and Qualifications

•  Relevant business degree (finance, management or law)
•  2 + years relevant AML experience
•  Sound understanding of asset management industry and in particular client operations
•  Knowledge of legislation, regulations and legal principles applicable to the financial services sector
•  Experience in facilitating training and coordinating projects will be beneficial

Competencies

•  Ability to identify key issues that require resolution and prioritisation based on importance and urgency
•  Ability to accept responsibility for all tasks done
•  Attention to detail
•  Strong analytical and problem solving skills
•  Very disciplined and methodical working style
•  Ability to plan and organise
•  Good communication and coordination skills
•  Conscientiousness
•  Self-motivated
•  Good time management skills, ability to manage heavy workload and multiple tasks