Job Description

Closing Date 2024/03/16
Reference Number MMH230927-2
Job Title Financial Manager: Fund Accounting & Investment Accounting
Position Type Permanent
Role Family Finance
Cluster Momentum Corporate
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Sandton
Introduction

Through our client-facing brandsMetropolitan and Momentum, withMultiply (wellness and rewardsprogramme), and our otherspecialist brands, includingGuardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za
Role Purpose

Manage the financial and investment reporting for funds, and the daily processing function through completeness, accuracy and timeous oversight and engagement of the related treasury and investment support services in line with best practice and financial management principles.
Requirements

• Relevant bachelorxe2x80x99s degree in finance
• Post graduate finance and investments qualification (advantageous)
• 5 + years in a managerial position
• 8 + years experience and knowledge as well as insights into the employee benefits industry and related financial wellness industries
• Key developments in accounting principles incl. International Financial Reporting Standards as well as exposure to unitisation principles and investments
• Knowledge of the regulatory reporting requirements and other FSCA and Reserve Bank requirements
• Understanding of relevant legislation (e.g., Pension Funds Act and Regulations, Income Tax Act, Regulation 28, Divorce Act, Section 13A, Section 37C, etc.)

ATTRIBUTES

• Sense of urgency
• Analytical thinking
• Commercial thinking and business acumen
• Presentation and facilitation skills
• Influencing
• Planning and Organising
• Interpersonal Relationships

Duties & Responsibilities

Manage the fund accounting and investment accounting processing function (Internal and external Processes)

• Plan, document, initiate and manage annual statutory or internal audits as formal business projects by liaising directly with fund auditors, investment managers and business peers to oversee the audit process, audit queries, audit management letters and ensure improvement on the control environment with audit recommendations to eliminate audit overruns and client dissatisfaction.
• Review, critically analyse and present management accounts, statements of cash flow, budgets, SARB and Regulation 28 reports and annual financial statements to clients in line with the client expectations as per the Service Level Agreement.
• Respond to Board of Fund and sub-committee queries.
• Engage with fund valuator and manage valuation requirements.
• Review and sign-off on annual financial statements, management accounts, statement of cash flow, SARB, C48, Regulation 28 and all other financial reporting to clients.
• Maintain a standardised accounting environment and discipline.
• Review and sign off on monthly asset-liability matching procedures for all funds.
• Implementation of all automation initiatives and ensuring ISAE 3402 compliance within all fund accounting principles.
• Respond to regulatory authorities queries and manage on-site visit deliverables timeously.

Enable client centricity within area of responsibility

• Provide expertise and advice to clients and stakeholders
• Build and maintain relationships with clients and stakeholders
• Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
• Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
• Make recommendations to improve client service and fair treatment of clients within area of responsibility
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Present financial reports to clients where required
• Contribute to effective and consistent service delivery and support to all clients in line with the companyxe2x80x99s values and Treating Customers Fairly (TCF) principles.

Effectively lead team

• Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members
• Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth
• Effectively manage performance within the team in order to ensure business objectives are achieved
• Encourage innovation, change agility and collaboration within the team
• Live the MMH values of Accountability, Diversity, Excellence, Integrity, Innovation and Teamwork in all interactions

Manage budget and implement sound financial controls

• Compile and control budgets to minimise expenditure in alignment with tactical delivery plans
• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities
• Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct
• Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

• Business Acumen
• Client Commitment
• Drive for Results
• Leads Change and Innovation
• Collaboration
• Impact and Influence
• Self-awareness and Insight
• Diversity and Inclusiveness

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan