Purpose of the Job:

•  To maintain a portfolio of funds by producing Asset & Liability Matching as well as other risk mitigating functions and reporting

Overview:

Education

• Matric (Grade 12 Accounting & Pure Mathematics Symbol B or higher)
• Relevant tertiary qualification

Experience

• 1-year experience in a working environment
• Strong mathematical skills – Compulsory
• Computer literate in MS Office Suite (Advanced MS Excel requirement) – Essential

Key responsibilities

• Analysing 100+ participating employer’s Assets to Liabilities per procedure (Numbers based on complexity and size)
• Identifying, reporting and resolving of all highly significant issues monthly
• Realigning Investment Managers assets to system fund credits and making recommendations for corrective action – completing the required documentation for second review and ensuring successful completion
• Analysis and monitoring of cash levels, determining corrective action and taking the necessary action to invest or disinvest
• Ensuring successful deduction of investment fees across all portfolios and taking appropriate corrective action
• Calculation and analysis of investments mismatches between system and investment manager and corrective action taken
• Monitor of provision accounts and assets linked to scheme bank account and corrective action taken where required
• Ensuring that portfolios in use are according to investment mandate and corrective action taken where required
• Monitoring of the funding level of the participating employer to ensure that is within the tolerance level as set by the trustees and escalating where necessary, determining corrective action and providing recommendations to senior for action.
• Preparation of Quarterly Reserve Bank Reporting
• Calculation of API commission and arranging payment to Independent Field Advisors.
• Ensuring timely actioning of investment / disinvestment instruction per procedure
• Producing of quality Electronic Financial assessments for Management Committee meetings
• Preparation of transfer schedules within agreed time frames
• Ensuring the overall administration of the funds is at a high standard and reporting on deviations.
• Timely and accurate updating of controls

Skills required

• Willing to study in order to familiarize themselves with the industry.
• Strong excel skills
• Financial calculations
• Strong analytical skills
• Strong aptitude for problem solving and ability to identify patterns
• Ability to keep tight controls