Overview
NAV Specialist Jobs in City of Cape Town, Western Cape, South Africa at M&G Investments Southern Africa
Title: NAV Specialist
Company: M&G Investments Southern Africa
Location: City of Cape Town, Western Cape, South Africa
Overview
M&G Investments is looking for a NAV Specialist to join our fast-paced, industry-leading team. The successful candidate will be responsible for the accurate and timely calculation and oversight of fund Net Asset Values, working closely with internal teams and external service providers to ensure integrity of valuations and pricing.
The role requires strong attention to detail, sound judgement, and the ability to investigate and resolve discrepancies within a regulated financial services environment. Responsibilities will include monitoring fund accounting processes, reviewing outputs, and ensuring adherence to controls, policies, and deadlines.
Key Responsibilities
Fund Accounting & NAV Production
- Produce, validate, and disseminate daily NAVs for unit trust and pooled funds (Life, CIS).
- Process expenses, adjustments, and cash flows accurately and on time.
- Liaise with transfer agencies and trustees regarding NAV creations, distributions, and oversight.
- Ensure valuation methodologies and income accruals are consistently applied.
Corporate Actions & Tax Processing
- Monitor, interpret, and process corporate event notifications from custodians/exchanges.
- Manage elective event instructions accurately via electronic systems or manual processes.
- Prepare and submit tax documentation, including CGT, WHT, FATCA, CRS, and Section 24J reporting.
- Follow up on withholding tax reclaims with relevant tax authorities.
- Assist with ad hoc tax projects and implementation of new legislation.
Governance & Assurance
- Ensure compliance with CISCA, ASISA, and internal controls.
- Support external and internal audits with timely and accurate information.
- Maintain NAV-related error logs and oversee remediation processes.
- Contribute to operational risk management and mitigation frameworks.
- Participate in ASISA working groups, ensuring adoption of industry best practices.
Process Improvement & Collaboration
- Identify and implement process improvements, automation, and efficiency initiatives.
- Partner with IT and operations teams to optimise NAV systems and workflows.
- Support cross-departmental initiatives to ensure end-to-end accuracy in fund operations.
Attributes, Qualifications, Skills & Experience
- Bachelor’s degree in Finance, Accounting, Economics, or related field.
- CA(SA) advantageous (particularly with financial services exposure).
- 6–8 years in a fund accounting or NAV oversight role within asset management, financial services, or fund administration.
- Strong exposure to corporate actions processing, valuation methodologies, and transactional tax.
- In-depth knowledge of financial instruments (equities, fixed income, derivatives, FX), including trading mechanics, valuation methodologies, and income accruals/entitlements.
- Experience working with NAV/Fund Accounting systems (e.g., Multifonds, HiPortfolio, Charles River, Investran, or similar platforms).
- Expertise in NAV production, reconciliation, and fund accounting principles.
- Advanced Excel skills (macros, pivot tables, formulas); ability to automate processes.
- Strong understanding of CISCA legislation and ASISA standards.
- Familiarity with tax and regulatory frameworks (CGT, FATCA, CRS, WHT).
- Ability to draft CIS Annual Financial Statements.
- Knowledge of operational controls, risk management, and error remediation processes.
Competencies & Personal Attributes
- Drive Operational Excellence
- Problem Solving & Critical Thinking
- Information Monitoring & Analytical Rigour
- Adaptability & Resilience
- Collaboration & Relationship Building
- Results Driven
- Organisational Awareness & Integrity