Resume

Management Iv Administration Manager

Location:

Johannesburg, Gauteng, South Africa

Posted:

January 21, 2022

Contact this candidate

Resume:

Collen Molokwane's Resume

Personal Details

Phone Number +27-060-***-**** +27-071-***-****

Email adpzpe@r.postjobfree.com

Location Midrand (Noordwyk), Gauteng (South Africa)

Nationality South Africa (ID: 850**********)

Age 36 (14 Feb 1985)

EE/AA Status African Male

Career Summary

Company

Position

Duration

Momentum Retirement Administrators( MMI Holdings)

Investment and Fund Accountant

Dec 2011 – Sep 2019

Metropolitan

Fund Administrator

Jun 2010 – Nov 2011

Road Freight Administrators (RFA)

Fund Administrator

Mar 2009 – May 2010

Ikapadata

Team leader – Field Auditors

Sept 2021 – Dec 2021

Skills

Current

Extensive

Investment Accountant 2 to 8 years

Exposure

Private Equities and Hedge Funds

Collective Investments: Money Market Portfolios: Bonds: International Trades:

Pooled fund: Equity funds: Property Funds

Achievements

Class Representative in 2002

Attained interschool certificate for top learner of the year 2002

Attained a certificate for Participating in Masakhane Games 2002

Awarded for achieving (4 distinctions) Business Information Systems 2004-

2007

Certificate in Life skills and Cancelling from Love Life 2002

Attained a certificate in advanced Excel - 2013

Performance Management and Awareness course (Momentum) -2012

Training and Development in Investment -2013

Solid

Internal Auditing/Administration and Finance 1 to 2 years

Employment

Dec 2011– Sep 2019 Investment Accountant (Momentum Retirement Administrators (MMI Holdings)

Permanent Skilled Level position in the Investment Accountant (Accounting) sector

Exposure

Private Equities and Hedge Funds

Collective Investments: Money Market Portfolios: Bonds: International Trades:

Pooled fund: Equity funds: Property Funds

• 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.

• Keep abreast with the financial markets on a daily basis so that unusual

movements can be identified and corrected in 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.

• Monthly/quarterly calculation and 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

and follow up on any discrepancies

• 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.

• 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 account(s) from Asset Manager(s)/Custodian(s).

• Perform monthly balance checks of balance sheet and trial balance items

to ensure accuracy of accounting.

• Controlling income and expense accruals to ensure correct and complete

in- and out-flows.

• Reconciliation of inter fund transfers between investment accounting and

fund accounting

• 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 report to submit to the FSB

• Liaise with and provide internal and external auditors on an interim basis.

• Liaise with asset managers, custodian, investment consultants and SARB.

Financial yearend reporting and regulation 28 report to submit to the FSB.

• Preparing FINANCIALS for fund accounting purpose

• Preparing the K48 reporting for the

Reason for Leaving: Studies

Jun 2010– Nov 2011 Administration Collection Contributions (Metropolitan)

Johannesburg Metro, Gauteng (South Africa)

Thirteen Cheque, Housing Subsidy, Medical Aid Fringe Benefit, Pension Fund

Permanent Skilled Level position in the Administration (Admin, Office & Support) sector

• Calculating late interest payment and making necessary correspondence on the LPI's. • Invoicing Clients regarding late payment • Monthly exception reporting • Disinvesting and investing contributions on the different Market portfolios • Reconciling all necessary payments on the contributions account • Credit control- monitor payments of the monthly Pension fund contributions from the clients • Processing contributions on the system- month end. • Verify data on the withdrawal form. • Obtain outstanding data from clients • Apply directive for tax • Follow up claims with the underwriters • General queries and correspondence • Reconciling contributions • Auditing defaults payments • Auditing amounts as per auditor • Following up clients regarding late payments. • Load the new member into the admin system • Upload contribution on the admin system

Reason for Leaving: Promotion within the industry

Mar 2009– May 2010 Fund Administrator (Road Freight Administrators (RFA)

North East Gauteng, Gauteng (South Africa)

Temporary Skilled Level position in the Administration (Admin, Office & Support) sector

• Credit control- monitor payments of the monthly Pension fund contributions from the clients • Processing contributions on the system- month end. • Verify data on the withdrawal form. • Obtain outstanding data from clients • Apply directive for tax • Follow up claims with the underwriters • General queries and correspondence • Reconciling contributions • Auditing defaults payments • Auditing amounts as per auditor • Following up clients regarding late payments. • Load the new member into the admin system • Upload contribution on the admin system

Reason for Leaving: Permanent Position

Jun 2008– Mar 2009 Trainee Admin Assistance (Game Store (Vaal Mall))

Johannesburg Metro, Gauteng (South Africa)

Temporary Junior Level position

Skills obtained (Auditing and Management) Adhering to the professional and regulatory matters ;( Quality assurance, Ethics and Independence, Professionalism, Confidentiality and Integrity) • Performing substantive audit procedures and a test of control in document evaluation. • Adhering to standards, policies and procedures as a basis for management planning and evaluation documents stock and achieving. • Identifying the relationship between Bank deposit slip and cashier copy • Compilation and communication of audit adjustment. • Standards and standards procedures governing the acquisition of self-departmental audit and administration documents • Adding credibility to information provided by others (for example by expressing an audit opinion) • Performing audit in mass discount cashier's daily reconciliation. • Validating guarantee against discount vouchers(Return to store/Return stock/Underwriting damages) and Performing substantive test in the following;(New money redeemed report, cashier copy)

Reason for Leaving: Seeking for a permanent position

Education

Dec 2008 B-Tech Internal Auditing

Degree at Vaal University Technology (University)

Gauteng (South Africa)

Internal Auditing Iv,Financial Accounting Iv,Financial Management Iv,Advance Communication Iv,Cost Accounting Iii,Business Statistics,Information System Auditing, Research And Methodology,Taxation Ii

Dec 2007 Diploma In Internal Auditing

Diploma at Vaal University Technology (University)

Gauteng (South Africa)

Majors:Internal Auditing Iii,Financial Accounting Iii,Cost Accounting Iii,Business Statistics Ii,Business Information System,Taxation

Dec 2006 National Higher Certificate In Accountancy

Certificate at Vaal University Technology (University)

Gauteng (South Africa)

Internal Auditing Ii,Financial Accounting Ii,Communication Ii,Cost Accountingii,Business Information System,Taxation Ii,Economics Ii,Enterprenuerial Management

Languages

Current

Sotho-Southern–Read, Write, Speak

Zulu–Read, Write, Speak

Afrikaans–Read, Write

English–Read, Write, Speak

References

Nonkululeko Seloba

Research analyst IKAPADATA

Cell: 073-***-****

Email: adpzpe@r.postjobfree.com

Vuyani Magula