Financial Reporting Fund Accountant

Ninety One; Cape Town; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading global asset manager in Cape Town is seeking an experienced professional to oversee fund accounting and financial reporting functions. The ideal candidate will have a recent CA qualification and ideally experience in the mutual funds sector. Responsibilities include managing third party administrators and ensuring compliance with regulatory changes. This role offers a dynamic environment to thrive and develop professionally.

Qualifications

• Recent CA qualification with a strong understanding of financial reporting.
• Experience with mutual funds or financial reporting roles is an advantage.

Responsibilities

• Oversee third party fund administrators for financial reporting.
• Review statutory financial reports and project management processes.
• Ensure compliance with regulatory changes in various regions.
• Manage fund Board Papers and monitor associated costs.

Skills

Financial reporting

Fund accounting

Regulatory compliance

Relationship management

Project management

Education

Newly Qualified CA (SA) or equivalent

Job description

About us

Ninety One is an independent, active global asset manager with R3.4 trillion of assets under management. Established in South Africa in 1993 as Investec Asset Management, the firm started offering domestic investments in an emerging market.

Ninety One is an equal opportunities employer.

Our imperative is to attract and retain the best talent by providing a corporate environment where people from varying backgrounds can develop professionally and build a rewarding career.

About the team

The Fund Accounting team is responsible for monitoring and providing oversight over fund accounting related services from third party administrators, for all of the global fund ranges managed by Ninety One. You will be primarily responsible for the oversight over fund accounting and financial reporting and related functions for all of Ninety One's funds, domiciled in various jurisdictions globally, as performed by the third party administrator.

In this role you will:

• Provide oversight of the third party fund administrator responsible for the outsourced fund accounting and financial reporting functions.
• Be responsible for the review of statutory financial reporting and project management of the report & account and audit process, including liaising with the third party administrator, auditors, printers & typesetters for the various fund ranges.
• Keep up to date with regulatory changes in the various regions and project management of implementation thereof into the financial reporting processes.
• Prepare and review fund Board Papers including budgets and monitoring of costs on an ongoing basis.
• Review industry and regulatory reporting across various fund jurisdictions such as Ongoing Charges, Portfolio Turnover Ratios, transaction cost calculations and Cost Transparency Initiative templates.
• Take responsibility for fund accounting accounts payable function, to ensure all fund related costs are correctly calculated and allocated, duly authorised and payments processed.
• Support the business processing product changes, including fund merger and amalgamation activity.
• Maintain relationships with internal stakeholders across the investment, client & operational teams, providing technical assistance and understanding, resolve and respond to queries in an effective manner.
• Assist the business with implementing product changes from a fund accounting perspective.
• Assess and review KPIs and overall services level of the administrator, in terms of the agreed SLAs.
• Develop, implement and maintain effective systems, processes and procedures to ensure service standards are met, reducing risk and improving efficiency.

Qualifications and Experience

• Newly Qualified CA (SA) or equivalent professional qualification.
• Experience at a global auditing firm.
• Experience in the mutual funds industry or a financial reporting role would be beneficial.

Desired Attributes

• The ability to build and maintain meaningful relationships.
• The ability to 'approach and own' and continuously look for opportunities to develop.
• Driven by results.
• Intellectual curiosity.
• Recognise that the engine of career growth is driven by the individual.

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