Fund Manager

Recruiter:

Conova Recruitment

Job Ref:

CPT000103/GR

Date posted:

Friday, June 3, 2022

Location:

Capetown, South Africa

Salary:

700000 Annually

JOB SUMMARY:
Our client, a leader in the Fund Administration space is looking to hire a Fund Manager to join their global team.

JOB DESCRIPTION:

Purpose of job

Manage the overall service delivery of the allocated Funds accounting team, to ensure the following:

That valuations are performed completely, accurately and within the required client deadlines
Valuations/accounts are distributed accurately and on time to all parties.
That all client queries are responded to and resolved to the satisfaction of the client within a reasonable timeframe
That Compliance checks and reporting are completed accurately and within the set deadlines.
Adherence to all agreed controls, policies and procedures
Accurate and timeously correspondence with shareholders of underlying funds, including capital call and distribution notices
Accurate and timeously payment of expenses and execution of investments in accordance with investment documentation

Being responsible for producing financial statements for all allocated clients in accordance with the most relevant accounting and regulatory standards and client driven requirements. Responsible for facilitating the audit process for all clients and responsible for managing the team resources; allocating tasks and monitoring client service levels for reporting purposes.

Key accountabilities:

Plan and monitor resources and resource capacity within an allocated team to ensure that all deliveries are maintained and service levels upheld.
Organise and hold regular meetings with your allocated team and each individual member (one-on-one’s) to ensure regular communication and correspondence.
Manage all activities within the allocated team in an positive effective way to instill a positive, solution oriented work environment within the team (this includes managing/monitoring the resolution of all issues and concerns applicable to the relevant team)
Participate in business improvements across processes, controls and systems to ensure they are effectively implements within the allocated ops team. This includes the monitoring, initiating and participating in any risk reduction/efficiency gaining projects impacting the operational team.
Project manage where required the take-on/launch of all new funds/clients allocated to ensure operationally the team is ready.
Investigate, report and implement (Take overall responsibility) the required corrective and/or preventative action for all operational errors and incidents which occurred in the allocated ops team to ensure successful resolution and management of the error or incident.
Check and authorise payments (as an A Signatory) to ensure the payment has been correctly prepared
Check and approve valuations (as an A Signatory) to ensure all the required information has been captured and processed correctly
Supervise others to ensure the accuracy, completeness and timeliness in of the team in executing deliverables
Reviewing and ensure all documentation are in place for investment purchases and sales / distributions
Reviewing investment transactions and setting-up and capturing of investment transactions on Investran
Monitoring of distributions / sales proceeds receivable and capturing of these on Investran
Reviewing of accurate (pre fair market value and post fair market value) management accounts (including capital statements for investors)
Review (and perform) complex carried interest and waterfall calculations of a variety of Private Equity structures
Review of accurate expense and accrual calculations, including management and admin fee calculation
Investigating and answering queries with auditors, clients and any other relevant service provider
Ensuring compliance with company policy and procedures; client service level agreements and internal controls
Review of call, distribution and NAV notices and disseminate to a pre-defined distribution list
Note: Although the primary function of a Manager is checking and supervising the above tasks, in certain circumstances a Manager may also be required to perform the above mentioned activities.
Coach and supervise other team members (including training and coordinating the training of new team members) to ensure the team functions as a cohesive unit.
Actively participate in ensuring all processes and procedures are properly documented and adhered to, to ensure no accounting errors occur and the team has latency in place.
Query and issue resolution within the team (whether it’s Investran or system issues, or client or custodian issues) to ensure no queries or issues result in an error, breach or client dissatisfaction.
Investigate errors, complete the required error reporting process and implement the required remedial action in order to ensure the error is not repeated.
Actively and continually identify and report high risk areas and gaps in processes to ensure the identification and escalation of risks and gaps.
Participate actively in projects, specifically risk reduction and efficiency gain projects to ensure the successful implementation and completion.
Check statutory returns in order to ensure the company satisfies the fund regulatory obligations.

Role Requirements:

Technical skills

Exposure / experience in checking and supervising the work of other team members
Excellent numeracy skills and attention to detail
Exposure / Experience in dealing and interacting with clients
Good technical knowledge of accounting standards (IFRS/UK GAAP/US GAAP & Other)

Qualifications and Industry Experience

A relevant tertiary qualification, preferably including Accounting; Finance; Investments
CA (SA), ACCA or equivalent
Minimum of 5 investment fund administration or related experience
Good accounting and investment product knowledge

NB! This job is now closed. You can apply for other jobs by uploading your CV.

Similar jobs you might be interested in:

Intern Articled Financial Planner
Location: Pinelands
Salary:
Our client based in Pinelands is seeking an Articled Financial Planner for an Internship position to join their team. This is the ideal opportunity to gain vital experience needed in order to attain your goals of becoming a Certified Financial Planner.
7 days ago

Retirement Fund Consultant
Location: Cape Town
Salary: 450000
You will educate and inform Members, Pensioners and Human Resource Business Partners with information about their pension fund benefits in compliance with the Financial Sector Conduct Authority customer principles.
15 days ago

Associate Director
Location: Cape Town
Salary: 900 000 Annually
Passionate and connected in the private equity fund space? Looking to form part of a growing team and company that has a global footprint? An Associate Director position is open, and our client is ready to hire. Apply today and join this thrilling journey of delivering unparalleled service and making a lasting impact!
Today

Investment Fund Operations Associate (6-month FTC) - Newly Qualified CA(SA)
Location: Cape Town
Salary:
Today

Client Relationship Manager (CRM)
Location: Cape Town
Salary:
4 days ago

Branch Administration Coordinator
Location: Blackheath
Salary: 25000
Does your experience include all round multi-tasking skills in coordinating all administration activity within a branch?Our National client based in Blackheath requires your strong excel and formula skills, ability to do stock counts and work alongside the Branch manager managing customer service, general operations, basic finance, budgeting and reporting. Essential that this person is a team...
5 days ago

Assistant Financial Accountant (Investments)
Location: Cape Town
Salary:
6 days ago

Projects Co-ordinator
Location: Atlantis, Western Cape
Salary: R 14 500 to R 18 500 Per Month
Projects Co-ordinator
7 days ago

General Manager
Location: Atlantis, Western Cape
Salary: R 40 000 to R 45 000 Per Month Provident Fund – after 6 months employment – Employer 8 % & Employee 7.5 %
General manager
7 days ago

PORTFOLIO ADMINISTRATOR
Location: Bellville
Salary: R30k - 32k per month
Perform operations related to a unit trust fund
8 days ago

Fund Manager

Similar jobs you might be interested in:

Create a free job alert for Fund Manager in Capetown