Devops Engineer

Supportwave; Cape Town; On-site; ZAR 300 000 - 400 000; Full time

Job summary

An established industry player is seeking a Fund Accountant to join their dynamic team in Cape Town. This role offers a fantastic opportunity to develop your skills in fund administration and gain insights into the venture capital and private equity sectors. You will be part of a supportive environment where you can learn from experienced professionals while contributing to essential financial processes. With a focus on building relationships and acquiring technical knowledge, this position is perfect for those looking to make a mark in the finance industry. If you're ready to embark on a rewarding career path, this is the opportunity for you!

Qualifications

• 0-2 years of relevant accounting or fund administration experience.
• BCom Accounting or equivalent qualification is essential.

Responsibilities

• Support fund administration and operational activities.
• Calculate capital call and distribution allocations.
• Ensure accuracy of financial statements.

Skills

Time Management

Prioritization Skills

Fund Administration Knowledge

Accounting Principles

Education

BCom Accounting

Bachelor of Accounting

Honours in Accounting

Tools

Excel

Job description

A trusted and rapidly growing Fund Management company with billions in assets under administration is seeking a Fund Accountant to join their growing team in Cape Town. The company is known for their strong partner relationships and people-first culture, providing exceptional services and experiences to their clients in the venture capital and private equity industry. Their comprehensive fund administration services and tailored technology solutions make them a leader in the industry.

As a Fund Accountant, you will play a crucial role in supporting fund administration and operational activities. You will have the opportunity to learn and develop your skills while working closely with experienced professionals in the industry. Your responsibilities will include acclimating to the office environment, building relationships with peers, and gaining technical knowledge of fund administration processes and systems.

Roles & Responsibilities:

1. Adapt to office policies and procedures.
2. Train and collaborate with colleagues and interns.
3. Expand professional networks within the office.
4. Create a personal development plan with guidance from a fund controller/mentor.
5. Acquire knowledge of venture capital and private equity industry practices.
6. Understand the significance of limited partnership agreements (LPA) in fund administration.
7. Familiarize yourself with fund operations, including cash/banking processes.
8. Navigate the systems to access relevant data.
9. Calculate capital call and distribution allocations.
10. Monitor and reconcile capital call and distribution wires.
11. Prepare capital call and distribution notices.
12. Record general ledger (GL) entries and perform management fee calculations.
13. Calculate fund performance metrics as requested.
14. Ensure the accuracy of financial statements.
15. Utilize software systems and Excel for client reporting and analysis.
16. Assist with client onboarding/migration to reporting databases.
17. Gain familiarity with tax forms such as 1099 and K-1.
18. Assist with audit confirmations and provide documentation.
19. Participate in financial statement footnotes and expense calculations.

Requirements:

1. BCom Accounting or Finance / Bachelor of Accounting / Honours in Accounting
2. Article clerks who want to enter the Fund Management space will also be taken into consideration
3. 0 - 2 years of relevant accounting / fund administration experience
4. Develop time management and prioritization skills.

Salary:

1. R20 000 - R30 000 CTC per month (depending on experience)