FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

Do More Group; Cape Town; On-site; ZAR 200 000 - 300 000; Full time

Job summary

An established industry player is seeking a skilled Fund Accountant to join their Post Investment Monitoring team in Rondebosch, Cape Town. This exciting role involves reconciling fund assets and liabilities, tracking loan covenants, and supporting investor administration. The ideal candidate will possess a strong background in commerce with a focus on accounting or finance, complemented by at least one year of relevant experience in fund accounting. If you thrive in a dynamic environment and enjoy working with financial data, this opportunity could be the perfect fit for you, allowing you to make a significant impact in a collaborative team setting.

Qualifications

• Minimum 1 year experience in Fund Accounting in fund services or asset management.
• Strong knowledge of business accounting and fund accounting principles.

Responsibilities

• Reconcile assets and liabilities, ensuring accuracy between accounting and loan systems.
• Track loan covenants and assist with investor administration and queries.

Skills

Reconciliation skills

Interpersonal skills

Communication skills

Excel skills

Understanding of FICA requirements

Ability to interpret financial statements

Education

BCom Accounting

Finance degree

Investments qualification

Tools

Xero

PowerPoint

Excel

Word

Job description

FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

Job Description
FUND ACCOUNTANT R 35k - R 30k pm - RONDEBOSCH, CAPE TOWN

Our market leading client is looking for a competent and skilled Fund Accountant to be part of the Post Investment Monitoring team who can ensure, on a regular basis that our fund liabilities are reconciled to our fund assets, track loan covenants and support the PIM team with loan administration, reconciliations and queries and assist with general company accounting.

Key Responsibilities:

1. Reconciliation of assets and liabilities

• Reconciliation of accounting and loan system to ensure assets and liabilities match, this includes
• Capture of banking transactions in Xero

2. Covenant tracking

• Design a system to track covenants on loans made including (amongst others):
• identification of covenant requirements,
• requesting financial information from borrowers,
• interpreting the financial information and calculation of ratios, and
• identification of breaches

• Monthly reporting on status of covenants
• Preparation of quarterly covenant reporting pack to Investment Committee
• Ensure all relevant documents are saved on the loan system in a methodical manner

3. Investor administration

• Tracking of inflow bank account,
• Review FICA documentation obtained for new investors,
• Maintain overview of when FICA needs to be renewed,
• Assist with handling queries efficiently to ensure resolution of both internal and external client queries (in conjunction with the PIM team),
• Assist with investor administration requirements, if necessary, including:

• Loading FNB payments (manual and file uploads)
• Processing transactions in the loan administration system (contributions, surrenders, broker commissions, adjustments)
• Monthly reporting of portfolio valuations and transactions to clients
• Monthly reporting to IFAs

• Assist in process of updating FICA for all existing investors
• Supporting the management and co-ordination of team deliverables relating to projects
• Maintain control over saving of investor documentation

4. Loan administration

• Assist with borrower queries/reconciliations on an ad hoc basis

5. Accounting/ management accounting

• Balance sheet reconciliations
• Processing of journal entries
• Assistance with:

• monthly review of income statement and balance sheet,
• VAT returns and
• tax calculation and preparation of tax returns
• invoicing

Requirements

• Relevant tertiary qualification with a strong focus on commerce (BCom Accounting, Finance, Investments)
• Relevant experience of at least 1 year in a Fund Accounting position gained in fund services / asset management
• Relevant exposure to investment reporting systems
• Strong reconciliation skills
• Rely on a working knowledge of business accounting (preferably Xero) and fund accounting
• Understand unlisted loans (although our loan set up is quite simple)
• Ability to read and interpret key financial statements: balance sheets, income statements, and cash flow statements and calculate key financial ratios tied to covenants.
• Understanding FICA requirements in relation to new and current investors
• Have strong Excel skills
• Enjoy and leverage off strong interpersonal & communication (written and oral) skills, Ability to work independently
• Be proficient in PowerPoint, Excel, Word, and digital workspaces
• Strong with digital records