Job Description

Introduction
Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk 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 organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses.
Visit us at www.momentummetropolitan.co.za



Role Purpose The team is responsible for all middle office, financial reporting, valuation oversight as well as all Product control functions for trades and instruments booked and managed on the Murex trading platform by the portfolio managers of the Liability Driven Investments trading desk, which specializes in fixed income and derivative trading. This role will provide support to Senior Analysts in the team.



Requirements

• Newly qualified CA up to 2+ year post qualification Experience, (studying towards CFA advantageous and preferably with audit experience in Financial Services)
• Or Bcom Accounting with at least 2-5 years of Financial Services reporting experience within an investment banking and/or insurance environment or within auditing of financial services
• Industry related experience, with steadfast resolve and personal integrity
• Ability to diagnose problems quickly and have foresight into potential issues
• Sound knowledge and understanding of Financial Reporting including External Audit facilitation and clearance of a fixed income trading desk.
• Sound knowledge and understanding of financial instruments valuation and reporting including derivatives and fixed income instruments.
• Ability to apply knowledge of International Financial Reporting Standards (IFRS) and risk management principles.
• Good working understanding and knowledge of the Murex Trading platform advantageous.

Duties & Responsibilities
Financial Accounting & Reporting

• Perform day to day investment accounting for the fixed income and derivative investment balance sheet, including but not limited to general ledger preparation, tax calculations, reconciling and confirming intercompany loan balances and performance of month-end reconciliations.
• Analyze root causes of accounting discrepancies and provide corrective actions.
• Perform portfolio analysis and reporting for critical decision-making process.
• Generate routine and ad-hoc reports for front office and other stakeholders.
• Respond to accounting and reporting related inquiries in a timely fashion.
• Prepare quarterly portfolio accounts - (Product level management accounts used for product profitability analysis and as inputs into the actuarial valuation process).
• Responsible for the facilitation and clearance of the annual statutory external audits.
• Responsible for tax related general ledger and downstream reporting to Group tax and other internal stakeholders

Profit and Loss reporting, Risk Attribution reporting

• Responsible for the daily reporting and analysis of Profit and Loss (P/L) based on trading activities. This requires extensive liaison with the Trading desks, the Market Risk Management and the operations teams, as well as in depth understanding of fixed income and derivative financial instruments.
• Prepare and deliver the daily P/L attribution to Front Office;
• Performing reconciliations between the daily risk / P/L attribution and source inputs;
• Reconcile the P/L attribution report to the ledger for both Assets and Liabilities;

Provide commentary and explanation of all attributable P/L movements, in relation to market data movements and/or cash flows.

• Analysis of P/L movements and unexplained attributions and adjusting where necessary in Excel and checking results in Microsoft Power BI

Securities Valuations Oversight

• Work in compliance with company policies and procedures.
• Review reports relating to valuations and market data, including investigating and resolving exceptions;
• Review, monitor and resolve any static data errors identified as part of the reporting and monitoring functions;
• Stay up to date on current market developments and industry best practices;

Murex trade platform admin Responsible for the creation of all fixed income instruments managed on the Murex trading platform, including the following:

• Loading and maintenance of instrument static data on Murex, including creating new counterparties, instruments and portfolios.
• Assist in resolving trade discrepancies caused from trade failures, breaks, etc.
• Coordinate with front office and other support teams to address trade and system related enquiries and issues.
• Coordinate with Back Office to resolve any pre- and post-trade and settlement issues.
• Creation and maintenance of security static on the trading system;
• Investigating and correcting post settlement issues
• Creating and maintenance of issuers/counterparties
• Coordinate with front office and other support teams to address trade and system related enquiries and issues
• Perform routine and ad-hoc reporting to business units

Competencies

• Drive and Assertiveness
• Coping with pressure and setbacks
• Strategic Thinking and Business Orientation
• Critical and Analytical Thinking
• Attention to Detail
• Working with people
• Adapting & responding to change
• Impact and influence