Senior Administrator - Dealing and Settlements

Closing Date 2023/04/28

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;

Duties and Responsibilities

• 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.

Skills and Competencies

• 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.