Retail Investment Administrator - Middle Office

SUMMARY:
An asset and investment firm based in Cape Town is looking for Retail Investment Administrator. This is a 12 moths Fixed Term Contract position for a Retail Investment Administrator with a key focus on middle office administration. The role would have a hybrid split between administration and accounting functions which, at a high level would include, the reconstruction of client accounts.

POSITION INFO:

Duties and Responsibilities:

• Working in a LISP environment administration
• An understanding of upfront compliance, laws, and regulations of all instructions to identify whether all business requirements have been met
• An understanding of the business processes to carry out the role
• Producing reconstructions of client accounts where required and processing the administration of corrections
• Liaise between the various departments in ensuring that the incident management process is adhered to within the SLA requirements of the business.
• Responsible for the accurate and complete recording and reporting of all incidents to management
• Investigating and following up on all unallocated deposits in the inflow accounts. This will include communication in the most effective way with external parties to ensure that client monies are identified
• Liaise and collaborate with the finance team and team leads to ensure that monies that should be invested are done within SLA
• Provide administration assistance where required, which may include capturing of instructions
• Provide support to the team leads of the Contractual and Discretionary product teams
• Collaboration between the administration team and the Client Service Team
• Maintain a good internal department relationship to ensure that you get the maximum support collaboration;
• Identify gaps in processes and report this to the Head of Retail Administration and Retail Manager
• Understand and adhere to the appropriate policies, standards, and procedures applicable to the role.

Qualifications:

• BCom or equivalent undergraduate degree /diploma is preferable

Knowlwdge & Experience:

• At least 3-5 years’ experience in the Linked Investment Service Provider (LISP) environment administration is preferable
• Experience in the following Financial Services industries is an advantage:
• LISP
• Collective Investment Schemes
• Retirement Funds
• Linked Life Companies
• Exchange Traded Funds (ETFs)

• A thorough understanding of the regulations around discretionary products, processes and required forms
• A thorough understanding of the S14 and S37 (Directive 135) transfer process and required forms
• A thorough understanding of the benefit process including retirement, death claims and withdrawals
• A good understanding of the tax implications upon retirement / withdrawal
• A good understanding of the regulations governing retirement funds and living annuities
• Strong working knowledge of word processing, and spreadsheets (MSWord, Excel)

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