Job Responsibilities
Primary responsibility of the FA is the maintenance of accurate accounting and securities records for each fund administered, ensuring all prescribed controls are adhered to for each fund accounting process (e.g. position reconciliation, asset pricing, security trading, income & expense processing etc.)
Prepare file in accordance with internal control checklist in Newton for items applicable to that particular portfolio.
Keep adequate documentation on file to fully explain and support all items, particularly those, which would be deemed unusual, eg. Past due dividends, larger than usual price movements (when comparing against assets in the same industry class), large gains and losses in FFX's, large div yield, trade cost per unit vs. ending price comparison and overall benchmarking discrepancies.
Complete accurate and legible files within deadlines set by Managers in order to fulfill production requirements
Ensure documentation is completed and signed off as per requirements
The reconciliation of capital flows where appropriate.
The utilization of the WINS-INVEST ONE (reporting)/GTI/ Titan systems to adequately research and resolve issues on portfolios.
Analyses of fund performance to ensure final valuations are accurate
Demonstrate sufficient technical knowledge of various investment instruments and markets (stock exchanges) and there effect on the portfolio's valuation.
Should gain knowledge of the client's structure i.e. its and various types of portfolio's, their deliverables, and some of their specific requirements.
Required Qualifications, Skill
· 5 years or more in Banking / Financial services industry or with accounting firm.
· Experience in an automated processing environment.
· With people management skills
· Good understanding of security types and their accounting treatment
· Awareness of stock market practices & data vendor systems (e.g. Bloomberg)
· Knowledge of the processes of a fund’s Custodian Bank and Investment Manager