South Africa Job Openings
Sanlam
Fund Reconciliation Administrator
FULL TIME
September 11, 2024
What will you do?
Sanlam Private Wealth crafts customised investment portfolios for high net worth private clients, charitable institutions, trusts and corporate entities.
With assets under management and administration of more than R151 billion, we offer a comprehensive and integrated suite of wealth management solutions. These include equity, retirement and offshore investment portfolios, fiduciary and tax services, an equity-backed finance offering, a global stockbroking service and derivatives trading.
At Sanlam Private Wealth, our clients are at the core of everything we do. For this reason, we employ people with passion – individuals who thrive in an entrepreneurial, high-energy environment.
Sanlam Private Wealth is part of the Sanlam Investments Group, a leading investment and wealth management business in South Africa, Sub-Saharan Africa, Australia and Europe.
What will make you successful in this role?
- Performing and daily monitoring of all fund-related reconciliations (including cash and units held with Fund Distributors)
- Liaising with other offshore operations divisions and business to resolve fund reconciliation breaks
- Engagement with vendors and external parties to resolve fund related queries / recon breaks
- Review of all fund-related reconciliations and control activities
- Repatriation of income from offshore and the associated accounts facilitation of all related processes
- Compiling daily and ad hoc periodic reports for review by management on fund recon items
- Processing of the required entries and taking the required action to clear fund recon items in a timely manner
- Communicating recon breaks / fund issues that may impact trading and client reporting to other operations divisions and business
- Responding to queries from business regarding fund recon queries
- Performing and reporting on the Allfunds bank reconciliation, as well as cash accounts with offshore Fund Administrators
Qualification
- Tertiary qualification in Business, Finance or Economics
Knowledge and Skills
KNOWLEDGE AND SKILLS
- Financial Service / Fund Administration experience preferred
- Deep understanding of international financial markets with a particular focus on unitized instruments
- Detailed understanding of the Private Client business and the stock-broking environment
Knowledge and Skills
Processing transactions and conduct simple calculations
Record keeping, filing and maintenance of databases
Script handling and compliance monitoring
Portfolio management query handling with clients
Reporting and Administration
Personal Attributes
Business insight - Contributing independently
Plans and aligns - Contributing independently
Interpersonal savvy - Contributing independently
Optimises work processes - Contributing independently
Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as Mi Way and the Group Office – the group provides many opportunities for growth and development.
Core Competencies
Collaborates - Contributing independently
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Being resilient - Contributing independently
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.
- To be considered for the above opportunity please upload your detailed CV on or before 18 September 2024.
- Please note that if you are not contacted within two weeks after the closing date your application has been unsuccessful.
Our commitment to transformation
The Sanlam Group is committed to transformation and embracing diversity, and our employment equity plan and targets will be considered as part of the recruitment process. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.
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