Job Description

Closing Date 2025/05/16
Reference Number MMH250429-1
Job Title Multi-Manager Unitization Implementation Specialist
Position Type Permanent
Role Family Investments
Cluster Group Finance
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion/ Cape Town
IntroductionMomentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.We are dedicated to rehumanising every interaction with our clients, stakeholders, communities, and society. At the heart of this commitment is our understanding that we are a business with heart. By infusing genuine care into every action and word, we demonstrate our unwavering value for our communities, stakeholders, and society.Visit us at www.momentummetropolitan.co.zaDisclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.
Role PurposeThis position is located within the Momentum Group Investment Services based Centurion Head Office or Cape Town Parc du Cap office. The successful candidate will perform specialized Multi-Manager Unitization Implementations activities within the Group Investment Services (GIS). This will include, but not be limited to:

• Portfolio structure implementation, cash flow management oversight and specialized fund transition activities.
• Specialized oversight and analysis of daily NAV and price monitoring. This would also include ad hoc unit price rebuilds, Impact assessment and client product performance validation.
• Perform Policyholder fee accrual calculation review and oversight including but not limited to accruals such as Management fees:

• Capital Gains Taxes in accordance with Schedule 8 of the Income Tax Act
• Other allowable asset-based taxes such as Dividend Withholding Tax and Real Estate
• Investment Trusts Income Tax

• Perform business process impact of strategic new client onboarding and portfolio initiatives and redesign of existing processes as required,
• Collaborate with GIS Management team as well as other functional areas to design, implement and monitor all relevant processes within an appropriate risk control framework.

Requirements

• Bcom degree or qualification
• A minimum of 5 xe2x80x93 7 yearsxe2x80x99 experience in the Investment Operations environment, especially multi-manager investment administration environment or Asset management
• Knowledge of Unitization systems such as Interlink or any Multi manager and Pooled fund administration would be advantageous,
• Knowledge of Investment Administration systems such as InvestOne, HiPort, Eagle One AIMS, SMAC, etc would be advantageous,
• Knowledge of Asset based taxes such as Capital Gains Tax and Dividend Withholding Tax would be advantageous,
• Knowledge of budgeting processes and variance analysis would be advantageous,
• Ability to work without supervision but also able to collaborate with team members and senior management,
• Good communication skills
• Project management skills will be beneficial
• Technical aptitude
• Detail orientated
• Be able and willing to work on specialized projects on planned weekends

Duties & Responsibilities

• Coordinate client/portfolio take-on and disinvestment activities through implementation of take-on templates and management of all static data within the unitization system and internal GIS systems
• Perform Daily NAV Oversight function including in-depth investigation and analysis into Policy holder product pricing queries including, but not limited to: Derivation of prices in conjunction with relevant pricing inputs
• Daily oversight of cash flow management activities implemented in unitization system which include rebalancing, switches and structure changes.
• Provide technical advice and expertise regarding portfolio structure construction and fee implementation within GIS Unitization systems.
• Ensure asset allocation views are implemented and aligned to client/portfolio resolutions received and instructed by mandate owners and Momentum Investments team.
• Understanding of asset-based taxes, CGT, REIT, and DWT calculations within unitization space
• Performs specialized projects and duties relating to Portfolio transitions, structure change and amalgamations.
• Management of all clients, portfolio, and Fund Manager Fees, including processing, attribution, variance checks and detailed reporting on all fees
• Perform quarterly system access management reviews to determine accuracy of access granted relevant to all userxe2x80x99s current job responsibilities and supports proper segregation of duties within their division
• Monitor and resolve any data integrity issues within all unitization systems
• Continuously review and update operational processes to reduce risk and improve efficiency.
• Co-ordinate / assist with various strategic initiatives within Group Investment Service.
• Maintain detailed documentation of all processes within the Specialized Investment Operations team
• Perform incident analysis and incorporate findings into process improvement
• Share and transfer product, process, and systems knowledge to colleagues.

Competencies

• Analytical thinker
• An attention to detail and a dedication to technical excellence
• Excellent verbal and written communication skills
• Drive for results
• Able to manage stress, pressure and competing demands
• Strong desire to add value and make a difference
• Self-starter - can run independently with complex projects

PolicyWe 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 Group