Manager - Offshore Hedge Fund Accounting
Apex Group
- Cape Town, Western Cape
- Permanent
- Full-time
- Show thoughtful leadership in the practices and processes ofaccounting for offshore investmentfunds;
- Demonstrate a deep understanding of fund valuationsfor offshore open-ended investmentfunds;
- Motivate staff and identifytraining and developmentneeds;
- Ensure accurate calculation offund valuationsthroughoversight reviewsof cash and scrip reconciliations, expense accruals andreporting;
- Ensure inaccuraciesin fund valuations andNAV errors are identified, administeredinternally and communicated to clients and appropriatelyremediated;
- Perform valuation quality assurance reviews on a regular basis to ensure consistent quality of product outputbetweenteams;
- Ensurefund valuationsare administered in line withfund legal documentation,administrator policies andTCF principles
- Setting up and maintaining a production schedule that provides for all Offshore Fund Accountingteamsfund valuationdeliverables;
- Plan the team member allocations to ensure all valuation activities and deliverablesforOffshore Fund Accounting teamsmeet SLAtimelines;
- Manage the Offshore Fund Accountingdailyoutput in accordance with daily/weekly/monthly valuations productionschedule;
- Monitor service deliveryofOffshore Fund Accounting teamstoSLAsand client expectations to ensure timely and accurate NAV calculationsare delivered and client queriesaddressed;
- Actively manage issues and risks to resolution for all escalated mattersinOffshore Fund Accountingteamin a timely and efficient manager, keeping theSenior Manager Offshore Fund Accountinginformed at alltimes;
- Co-coordinate and review all processes, checklists and controls pertaining to Offshore Fund Accounting teamsto ensure accuracy and completenessof processes and controls followed.
- Review operational processes periodically to ensurea smooth operation,adherence toqualitystandards and to identify processgaps and documentationrequiringupdates;
- Engage with senior specialists to identify,designand implement process efficiencies through automation of processes.
- Coordinate performance management of each team member,thatincludessettingupKPIsthatalignswithjob descriptions,focus onstaff development andprovideperformancefeedback;
- Participate and lead trainingto teams with the assistance of senior specialists (where needed)to allow knowledge share within theteams;
- Meet with other jurisdictions oversight managers monthly to discuss operational open items and client satisfaction feedback where operating model includes delegation of services to the South African office.
- Provide mentorship and motivation to staff to drive ahigh-performanceoutputsfrom teams.
- Review SLA to ensure terms of agreements are adhered to with external and internalclients;
- Establish and maintain key relationships, particularly with internal counterparts in other functional units,across offices inthe same and inother jurisdictions.
- Establish and maintain strong relationships with external clients toensure good client satisfaction levels are maintained.
- Drive and coordinate high-performancefrom the teamsand collaboratewith other operational team managersto enable effective delivery and resolution of all matters.
- Hold team leaders accountable for delivery and results.
- Ensuring that appropriateoperationalcontrols are in place to mitigate risk.
- Log and review incidents to ensure appropriate corrective actions are recorded and implemented to mitigate risk from reoccurring.
- Drivecontinuous improvement projects in yourareawith assistance from allocated seniorspecialists;
- Assess opportunities for improved efficiencies and reduced overhead in existing processes, including new technologies andtools;
- Assess implications of operational controls within the domain on the ISAE 3402.
- Managedelivery of all inputs required from offshore fund accounting teamas part ofclient onboarding and implementation process to ensure a smooth go-live transition.
- Manageallocation ofappropriate resources to support client-implementationand go-live transition.
- Implement checks and controlswith assistance of senior specialist afteroperational take-on of new clientsto mitigate risk.
- Provide management assistance on business related projects that can include but are not limited to system migrations, client take-ons, process improvements as well as the integration of business processes between offices.
- A relevant tertiary business qualification (minimum B.Comor equivalent);
- At least7years experience in Asset Management portfolio administration andpricing;
- Minimum of 3 years in a management role in Asset Management portfolio administration andpricing;
- Strong all-round understanding and experience of fund accounting processes within back officeadministration;
- Good knowledge of exchange traded and OTC derivatives as well as other asset classese.g.Equities, Fixed Interest and FX;
- Confident & enthusiastic, and have a structured approach towork;
- Strong communication skills (written & verbal);
- Ability to work in a pressurized environment on a regularbasis;
- A can-do attitude and ability to make decisions assertively.
- Individual need to be self-motivated,conscientiousandhard-working to meet tight deadlines and committed to deliver work of a high standard.
- Essential that the candidate is reliable and flexible as far as working hours areconcerned;
- Knowledge and experience ofPaxusisessential;
- Knowledge of and experience with reporting standards which include IFRS will be beneficial; and
- An advanced level of experience in using Excelisneeded..