Fund Accountant

TMF Group; Cape Town; On-site; ZAR 300 000 - 700 000; Full time

Job summary

An established industry player is seeking a detail-oriented Fund Accountant to join their dynamic team in Cape Town. This role offers an exciting opportunity to work with alternative funds, providing essential services such as fund administration and client support. As part of a global organization, you will have access to professional development opportunities and the chance to enhance your skills through extensive training programs. If you are self-motivated, accurate, and thrive in a fast-paced environment, this position could be the perfect fit for you, allowing you to grow your career in an ever-evolving market.

Benefits

Professional development opportunities

Extensive training opportunities

Flat hierarchies

Direct contact to management

Qualifications

• 2+ years experience in fund accounting for alternative funds.
• Strong knowledge of IFRS and GAAPs is essential.

Responsibilities

• Assist with tax and audit processes, ensuring timely completion.
• Manage client relationships and deliver exceptional service.

Skills

Fund accounting

IFRS

Client service

Tax knowledge

Self-motivated

Education

Bachelor’s degree in accounting

Tools

Investran

Yardi

Job description

We never ask for payment as part of our selection process, and we always contact candidates via our corporate accounts and platforms. If you are approached for payment, this is likely to be fraudulent. Please check to see whether the role you are interested in is posted here, on our website.

About TMF Group

TMF Group is a leading provider of administrative services, helping clients invest and operate safely around the world.

As we’re a global company with 11,000+ colleagues based in over 125 offices across 87 jurisdictions, we actively seek out people with the talent and potential to flourish at TMF Group, whatever their background, and offer job opportunities to the broadest spectrum of people. Once on board we nurture and promote talented individuals, making sure that senior positions are open to all.

Discover the Role

TMF Fund Services is an independent alternative fund administrator with over two decades of experience in providing an extensive range of services, coupled with a very personal approach. We combine our technology, expertise and global infrastructure to deliver a customized package of services to our clients. These include Fund Administration, Investor Services, Portfolio & Managed Account Services, Depositary and Corporate Services.

Key Responsibilities

1. Assist the manager with tax and audit processes
2. Provide necessary information to auditors and tax accountants for completion of audits and tax returns within scheduled time frames
3. Ownership of client product delivery, managing both internal and external timelines
4. Preparation of accurate:
1. Quarterly management fee calculations
2. Management accounts
3. Annual financial statements in accordance with applicable financial reporting framework
4. Distribution calculations and distribution letters
5. Capital call calculations and capital call letters
6. Carried interest and waterfall calculations
7. Equalization calculations
8. Investor registers
9. Payments
10. Any other deliverables as agreed in administration agreement
5. Manage relationships
6. Provide exceptional client service experience
7. Act as a client contact, with responsibility for responding to client questions and requests
8. Interfacing and enhancing relationships with various stakeholders such as valuations, treasury, investor relations, custodians, and management company teams among others.
9. Read and understand various agreements, including the Service Level Agreements to determine how the provisions impact the operations and reporting deliverables.

Key Requirements

1. Bachelor’s degree, preferably in accounting
2. At least 2 years’ experience in Fund accounting for Alternative Funds (Private Equity, Real Estate, Private Debt) or completed SAICA/SAIPA articles
3. Good knowledge of IFRS and ideally other GAAPs
4. Knowledge of Investran and/or Yardi – this would be considered as an advantage
5. Familiarity with tax-efficient European fund structures and related investment vehicles and regulatory requirements – this would be considered as an advantage
6. Other characteristics: accurate, self-motivated and able to work both independently and as part of a team, deadline driven and able to maintain a portfolio of clients

What’s in it for you?

1. An exciting opportunity in an international company
2. Professional development opportunities as well as extensive individual further training opportunities, supported by our TMF Business Academy
3. A career within an ever-evolving market
4. Flat hierarchies with direct contact to management and international exchange

We’re looking forward to getting to know you!

For further information, and to apply, please visit our website via the “Apply” button below.