Operations Manager – Unit Trusts

A financial services organisation servicing large investment companies in South Africa based in the northern suburbs is looking for an Operations Manager – Unit Trusts to execute, verify and distribute NAV calculations and distributions, controls for Local and International Units Trusts.

DUTIES:

  • Manage a NAV team
  • Reviewing all daily, monthly and ad hoc work done by team
  • Performing accurate and timely daily NAV calculations
  • Identify, investigate and solving of NAV price movement variances
  • Manual calculation of performance fees
  • Processing and reconciliation of cash flows, subscriptions and redemptions
  • Distribution / dissemination of daily NAV prices
  • Calculation and dissemination of Income distributions and month end fees
  • Timely reporting to management, clients and auditors
  • Developing, training and objective setting for your team
  • Ensuring that compliance with company policy and procedures, Client Service Level agreements and internal controls are followed by your team.
  • Continuously evaluating processes, risks and controls in your area and implementing improvements were necessary
  • Working closely alongside Project and Change teams to participate in business efficiency and new system implementation projects as required.

 

REQUIREMENTS:

  • Good knowledge of operations and financial environment as well as NAV experience essential
  • High Attention to detail
  • Very driven and motivated
  • Strong problem solving skills
  • Control oriented and risk aware
  • Advanced understanding of Ms Office suite Fundamentals able to link them together using tools and functions to build applications/UDTs for various business related purposes an advantage.
  • Good knowledge of HiPortfolio an advantage
  • Accounting related degree or professional qualification an advantage but not a pre-requisite
  • A minimum of 5 years’ experience as a manager required
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