Cape Town: NAV Oversight Director posted by Rory Mackie & Associates

Responsibilities:

• Lead the team responsible for delivery of:
  • Day-to-day NAV oversight including fund pricing, distributions, yields and other related functions
  • Confirm the accuracy and reasonability of daily priced funds and daily yields on constant NAV portfolios
  • Daily review and oversight over cash balances and cash, scrip and NAV reconciliations and assist in resolving reconciliation breaks
  • Calculate and review of income distributions, yields, management fees, performance fees, fund expenses, TERs and transaction costs
• Have oversight of and assisting in the preparation of fund-related regulatory and industry reporting in South Africa and the UK
• Liaise with external service providers to build relationships and monitor their service levels
• Provide operational input into the management of our clients product suite alongside the product development team
• Maintain relationships with investment teams, client groups and collaborate with other operations functions across the business. Understand, resolve, and respond to queries in an effective manner
• Develop, implement, and maintain effective systems, processes, and procedures to ensure achievements of service standards, reducing risk and improving efficiency. Ongoing maintenance of procedures documentation
• Support the NAV Oversight Team through sharing experience, training, and informal mentorship
• Participate in and report to various governance and oversight forums, committees, and boards

Requirements:

• CA(SA) with Asset Management auditing experience essential
• CFA would be an advantage
• A minimum of 5 years post-articles experience in the financial services or asset management industry
• Experience in and the understanding of fund pricing processes and the mutual funds industry a distinct advantage
• Having previous management experience would be an advantage

Competencies:

• The ability to approach and own and continuously look for opportunities to develop
• A client focused and collaborative approach
• Intellectual curiosity
• Ambition, balanced with decency and humanity
• Ability to analyse, interpret and assimilate information
• A strong belief in doing the right thing