Job Description

Closing Date 2024/06/14
Reference Number MMH240510-1
Job Title Unitisation Accountant
Position Type Permanent
Role Family Finance
Cluster Momentum Corporate
Remote Opportunity None of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Cape Town
IntroductionThrough our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards
programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group
enables business and people from all walks of life to achieve their financial goals and life aspirations.
We help people grow their savings, protect what matters to them and invest for the future. We help
companies and organisations care for and reward their employees and members. Through our own
network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan
provides practical financial solutions for people, communities and businesses. Visit us at
www.momentummetropolitan.co.za
Role PurposeThe incumbent is responsible for the Unitisation of all funds administered by Momentum Retirement Administrators.
Requirements

• B Com degree or equivalent qualification.
• 3-4 years relevant experience.
• Knowledge of retirement fund industry, stock exchange and financial markets.
• Knowledge of Unitisation system and Microsoft applications.
• Knowledge of client support services.
• Mathematical degree will be an advantage.

Duties & ResponsibilitiesINTERNAL PROCESS

• Unit price calculation and update Member Administration System.
• Daily investment and disinvestments to and from Asset managers.
• Import daily cash flows from 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.
• Presentation of results (unit prices)and explanation of unit price movements at InvestmentCommittees of Funds.
• 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.

CLIENT

• Resolve client queries within agreed timeframes.
• Provide authoritative, expertise and advice to clients and stakeholders.
• Build and maintain relationships with clients and internal and external stakeholders.
• Deliver on service level agreements made with internal and external stakeholders and clients.
• Make recommendations to improve client service within area of responsibility.
• Participate and contribute to a culture which build rewarding relationships, facilitates feed back and provides exceptional client service.

PEOPLE

• Develop and maintain productive and collaborative working relationships with peers and stakeholders.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry and legislation knowledge.
• Contribute to continuous innovation through the development, sharing and implementation of new ideas.
• Take ownership for driving career development.

FINANCE

• Contribute to identifying solutions to enhance cost-effectiveness and increase operational efficiency within the area.
• Manage financial and other company resources under your control with due respect.

Competencies

• Examining Information: Analysing and processing information, asks probing questions, strives to find solutions to problems.
• Interpreting Data: Interprets data rationally by quantifying issues, applies technology as a means to evaluate data, evaluates information objectively.
• Providing Insights: Is focused on continuously improving things, provides insights by identifying key issues, makes intuitive judgments.
• Meeting Timescales: Is target-focused and meets deadlines, is punctual and keeps to schedule, is reliable in finishing tasks.
• Checking Things: Is meticulous in finding errors, ensures accuracy by being thorough and checking details, produces high quality work by being detailed.
• Upholding Standards: Behaves ethically and justly, is discreet and maintains confidentiality, meets commitments by acting with integrity.
• Producing Output: Is focused on activity and works quickly, keeps busy and maintains productivity, is comfortable multi-tasking to produce output.
• Taking Action: Takes action to make things happen, uses initiative to start things up shows drive and invests personal energy.

PolicyWe are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan