Fund Accountant

TMF Group; South Africa; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A global administrative services provider in Cape Town is seeking an experienced Fund Accountant to manage client product delivery, ensure compliance with financial standards, and provide outstanding client service. The ideal candidate will have a Bachelor's degree in accounting and at least 3 years of experience in fund accounting for alternative funds, with a strong knowledge of IFRS. Opportunities for professional development are supported by the company, and a collaborative work environment is offered.

Benefits

Professional development opportunities

Training from TMF Business Academy

Career growth in an evolving market

Qualifications

• At least 3 years' experience in Fund accounting for Alternative Funds.
• Good knowledge of IFRS and relevant GAAPs.
• Ability to work independently and as part of a team.

Responsibilities

• Assist manager with tax and audit processes.
• Ensure timely preparation of financial statements and calculations.
• Manage client relationships and serves as point of contact.

Skills

Excellent client service

Time management

Team collaboration

Education

Bachelor's degree in accounting

Tools

Investran

Yardi

Job description

Job ID 32647

Location: Cape Town, South Africa

Work Types: Permanent

Categories: Funds

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

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

Key Requirements

• Bachelor's degree, preferably in accounting
• At least 3 years' experience in Fund accounting for Alternative Funds (Private Equity, Real Estate, Private Debt) or completed SAICA/SAIPA articles
• Good knowledge of IFRS and ideally other GAAPs
• Knowledge of Investran and/or Yardi – this would be considered an advantage
• Familiarity with tax‑efficient European fund structures and related investment vehicles and regulatory requirements – this would be considered an advantage
• 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?

An exciting opportunity in an international company

Professional development opportunities as well as extensive individual further training opportunities, supported by our TMF Business Academy

A career within an ever evolving market

Flat hierarchies with direct contact to management and international exchange

Want to know more about a career with TMF Group? Watch this video:

We're looking forward to getting to know you!