Reference Number MAI230424-1
Job Title Senior Administrator - Dealing and Settlements
Business Unit Fund Services
Department 2 Traditional Funds SA
Team Fund of Fund Dealing and Settlement
Job Type Classification Permanent
Location - Country South Africa
Location - Province Western Cape
Location - Town / City Cape Town
Job Advert Summary The Senior Administrator - Fund of Fund Dealing and Cash Administration will be responsible for performing daily and montly tasks of the Fund of Fund Dealing and Cash Administration desk;This wil include processing and instructing fund of fund trades for a portfolio of complex Clients to the market, capturing/authorising trade and miscellaneous payments on the various banking platforms as well as attending to Client queries.
Minimum Requirements
- To perform the duties of the Fund of Fund Dealing and Cash Administration function as outlined by the operating processes around Fund of Fund Dealing and Cash Administration and off-market trade instructions;
- For cash instructions, prepare and ensure accurate and timely execution and authorisation of:
- Cash related transactions for investor fund of fund subscriptions ;
- Payment of expenses;
- Third party cash transfers;
- All other Cash Administration payments done both manually and on on-line banking platforms;
- For trading transactions, on receipt of appropriate instructions; prepare, capture and confirm trades and trade instructions.
- Ensuring accurate and timely execution and authorization of:
- Unit Trust investments and redemptions through trading platforms;
- Hedge fund of fund subscriptions and redemptions;
- Ensure appropriate follow up for confirmation of transactions;
- Investigate and resolve all Client queries;
- To perform the duties of the fund of fund dealing and settlements function as outlined by the operating processes around fund of fund dealing and settlements and off-market trade instructions. For cash instructions, prepare and ensure accurate and timely execution and authorisation of:
- Cash related transactions for investor fund of fund subscriptions;
- Payment of expenses;
- Third party cash transfers;
- All other Cash Administration payments done both manually and via on-line banking platforms;
- For trading transactions, on receipt of appropriate instructions, prepare, capture and confirm trades and trade instructions. Ensuring accurate and timely execution and authorization of:
- Unit Trust investments and redemptions through trading platforms;
- Hedge fund of fund subscriptions and redemptions;
- Ensure appropriate follow up for confirmation of transactions.
- A tertiary qualification and minimum 3+ years applicable experience or 4 years operational experience;
- Excellent financial services process & product knowledge;
- Excellent knowledge of financial instruments;
- Experience on Fund of Fund Dealing and Cash Administration activities is compulsory;
- Good understanding of cash and trade instruction cycles;
- Good knowledge of systems and systems control environments;
- Good accounting and audit experience;
- Knowledge of risk management processes an advantage;
- Good communication, documentation and presentation skills;
- Be able to think outside the box and adapt to changing requirements;
- Be meticulous and have a high attention to detail;
- Be calm and stay focussed in stressful/high pressured situations.
- Live the Maitland values.
