ROLE DESCRIPTION:

Sygnia is the fastest-growing multi-management company in South Africa. Join this dynamic company by becoming a part of their Employee Benefits Administration team as an Employee Benefits Investment Fund Accountant. 

DUTIES AND DAILY RESPONSIBILITIES:

• Send the daily instructions to Platinum (automated) and manual instructions to the Institutional team/external managers.
• Ensure that transaction prices are received within a day and follow up and/or escalate where prices are not received within a day.
• Monitor that the correct amount is received and linked.
• Upload and/or approve the daily market transactions.
• Assist with internal reporting requests.
• Follow up the daily unallocated items relating to investments and ensure these are linked within 5 business days.
• Prepare Asset Liability Matching (ALM) reconciliations monthly and assist the team in ensuring that ALM reconciling items are resolved promptly and appropriately, preferably by the next month end.
• Ensure that the monthly transaction statements are received within 5 business days after month end and follow up and/or escalate where these are not received within 5 business days.
• Assist the fund accountants with audit preparations and working papers as requested by the fund accountants.
• Record all incidents promptly on the Incident Report
• Correct incidents promptly after obtaining approval for market corrections (where these are required).
• Ensure that all actions agreed upon, for the mitigation of further errors of that nature, have been put in place.
• On an ongoing basis, assess the processes and controls for appropriateness and efficiency.
• Identify improvements to reports/batches and escalate these to the fund accounting manager for escalation to EBTech.
• Manage the EB Investments mailbox to ensure that tasks are addressed within the required timelines and queries are responded to within 2 business days.
• Assist with other tasks pertaining to the investments team when instructed to assist by the Investments Team Leader.
• Request training/assistance promptly where a task is unfamiliar/where uncertain about to how to proceed.

ROLE QUALIFICATIONS AND EXPERIENCE:

• Diploma/Degree Advantageous
• Minimum of 3 years’ experience in Employee Benefits
• Previous experience with umbrella fund administration and/or standalone retirement fund administration
• Working knowledge and experience of Everest (administration system) advantageous

COMPETENCIES REQUIRED:

• Strong attention to detail
• High level of numeracy and accuracy
• Good analytical/ problem-solving skills
• Good inter-personal skills
• Good communication skills, both written and verbal
• Proactive individual, who is willing take responsibility and accountability for allocated tasks
• Excellent organisational skills
• Ability to multi-task
• Ability to work under pressure
• Solid knowledge of the retirement fund industry and legislation