Investment Accountant MMH250911-5

Join to apply for the Investment Accountant MMH -5 role at Momentum Overview Implement the investment accounting practice within the Operations cluster that contributes to the growth and development of the Momentum Corporate business through quality managed investment accounting services which supports a comprehensive range of fit for purpose and best in class retirement administration products. Requirements BCom Accounting or equivalent. 1 - 5 years’ experience in Investment Accounting. Experience in investment and fund accounting procedures, and the application of unitisation principles. Insurance and or Financial Services Industry experience would be beneficial. Knowledge of financial market and instruments. Completed articles will be advantageous. Responsibilities And Work Outputs Daily monitoring, identification and investigation of discrepancies and unusual variances in market prices and market movements per asset manager on Benchmark Verifier to ensure correct and accurate market values that are provided to investments (Unitization Team) for daily NAV's used in calculating unit prices. Daily approval of Net Asset Values and follow up on discrepancies. Liaise with investment consultants and unitisation provider for daily cash flows and unit price reconciliation. Keep abreast with the financial markets on a daily basis so that unusual movements can be identified and corrected on time. Finalise the daily market values per asset manager on Benchmark Verifier and follow up on any discrepancies. Prepare and submit daily cash-flows to the Unitisation department in order for them to calculate daily unit prices. Timeously allocate the monthly payment of management fees. Verify monthly scrip recon between the holding of the Portfolio/Asset Managers and Custodians on Benchmark Verifier and follow-up on any discrepancies. Verify and finalise the importing of each Portfolio Manager's Trail Balance from Benchmark Verifier into Benchmark Unitiser. Finalise monthly trial balance per asset manager on Benchmark Verifier system and follow-up on any discrepancies. Responsible for reconciliation of data as well as inter-fund transfers and cash flows. Finalise trial balance per Fund on Benchmark Unitiser for import to Great Plains. Provide accurate and timeous consolidated financial reports for all Funds on a monthly basis to Fund Accounting. Ensure correctness of the market values of investments and for follow up discrepancies with investment consultants. Maintain financial control procedures; ensure compliance with the IAS and compliance with all approved policies and procedures. Identify and report overdrawn bank account(s) and claim interest on overdrawn accounts from Asset Manager(s)/Custodian(s). Perform monthly balance checks of balance sheet and trial balance items to ensure accuracy of accounting. Controlling of income and expense accruals to ensure correctness and complete in- and out‑flows. Compile investment notes for inclusion in financial statements for all funds. Perform cash flow management, i.e. drawdowns, repayments and rebalancing, etc. Compile quarterly SARB, C48 and Regulation 28 reports. Compile and coordinate monthly and quarterly investment reporting in line with Service Level Agreements. Apply and utilise systems in a manner that contributes to efficient and effective service delivery and optimised quality. Apply models and techniques which enable tracking, reporting and monitoring of business related information. Contribute to the improvement of current products and services that can potentially lead to higher profitability and improved client service. Develop and maintain productive working relationships with peers and organisational role players to achieve optimal cross process integration. Identify and resolve queries and problems timeously and escape unresolved problems. Partner with practice areas and specialists for input and complete process design and ensure implementation of associated processes and standards. Plan and implement a cycle of short‑term improvements to drive operational objective achievement. Undertake information gathering and analysis of data within set guidelines to provide timely information in area of accountability. Provide authoritative, expertise and advice to 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. Contribute to continuous innovation through the development, sharing and implementation of new ideas and involvement of colleagues and staff. Identify solutions to enhance cost effectiveness and increase operational efficiency. Implement and provide input into governance processes, systems and legislation within area of specialisation. Provide input into the risk identification processes development and communicate recommendations in the appropriate forum. Seniority level Entry level Employment type Full-time Job function Accounting/Auditing and Finance Referrals increase your chances of interviewing at Momentum by 2x Sign in to set job alerts for “Investment Accountant” roles. Centurion, Gauteng, South Africa 2 days ago Johannesburg, Gauteng, South Africa 2 days ago Johannesburg, Gauteng, South Africa 1 week ago Sandton, Gauteng, South Africa 23 hours ago Bryanston, Gauteng, South Africa 1 week ago Johannesburg, Gauteng, South Africa 22 hours ago Johannesburg, Gauteng, South Africa 6 days ago Johannesburg Metropolitan Area 1 week ago City of Johannesburg, Gauteng, South Africa 4 hours ago #J-18808-Ljbffr