Fund Accountant - Fund Services

JTC Group; Cape Town; Hybrid; ZAR 420,000 - 600,000; Full time

Job summary

JTC Group in Cape Town, South Africa, is seeking a NAV Specialist within Fund Services. The role focuses on collating and processing fund information to produce accurate Net Asset Values for multiple funds under defined deadlines and regulatory requirements.

The ideal candidate holds an accounting/finance qualification, has completed SAICA/SAIPA articles, and brings experience in financial services. This is a hybrid role with a permanent contract and a focus on accuracy and timely reporting.

Qualifications

• Relevant tertiary qualification in accounting, finance or investments.
• Completed 3-year SAICA/SAIPA articles.
• Experience in financial services.
• Excellent numeracy and attention to detail.
• Ability to work under pressure and solve problems.

Responsibilities

• Prepare, monitor and capture cash movements and update transactions to ensure accurate, timely NAV delivery.
• Perform weekly/daily cash and stock reconciliations with investigations of variances.
• Monitor asset pricing and pricing sources for corporate actions to ensure correct valuation.
• Compute weekly/daily expenses and accruals for NAV calculation.
• Prepare and deliver accurate NAV for reviewers, ensuring timely delivery.
• Investigate dealer, broker, custodian, auditor and client queries and escalate as needed.
• Adhere to company policies, SLAs and internal controls to avoid audit findings.
• Perform weekly/monthly compliance checks on scheme particulars.
• Send valuation emails to predefined distribution lists.

Skills

Numeracy skills

Accuracy

Attention to detail

Pressure handling

Problem solving

Education

Accounting/Finance degree

Completed SAICA/SAIPA articles

Job description

PURPOSE OF JOB To collate, calculate, process, investigate and check fund information in order to produce the Net Asset Values for the specific Funds which JTC administers within defined deadlines and regulatory requirements.

EMPLOYMENT TYPE: Permanent

DEPARTMENT: Fund Services

DIVISION: Institutional Client Services

WORKPLACE STRUCTURE: Hybrid

Role Overview

To collate, calculate, process, investigate and check fund information in order to produce the Net Asset Values for the specific Funds which JTC administers within defined deadlines and regulatory requirements.

Main Duties And Responsibilities

• Prepare, monitor and capture cash movements (cash management), investment trades and update transactions on the accounting system to ensure an accurate and timely delivery of the NAV.
• Prepare and perform weekly/daily cash and stock reconciliations including proper investigation of all outstanding issues to ensure a timely resolution of any reconciling differences and no NAV errors occur.
• Monitor daily/monthly asset pricing and pricing sources for corporate actions to ensure securities are updated and valued correctly on the accounting system and no asset pricing errors occur in the valuation.
• Perform and check weekly/daily expense and accrual calculations to ensure that they are reflected correctly in the Net Asset value calculation.
• Prepare and produce an accurate NAV to ensure Reviewers discover no errors on work reviewed resulting in the timely delivery of the NAV’s.
• Proactively investigate queries with dealers; brokers; custodians; auditors and clients to ensure a timely resolution of all queries. Where applicable to communicate and escalate potential issues in a prompt and effective manner.
• Understand and implement company policies and procedures; client service level agreements and internal controls to ensure compliance thereof and no Custodian or external audit findings occur as a result of them not being applied.
• Monitor and perform weekly/monthly compliance checks to ensure all scheme particulars are adhered to and no concern is raised in Compliance’s reviews and reports.
• Prepare and send out all valuation e-mails to a pre-defined distribution list to ensure all parties have been timely informed of the NAV.
• Prepare and complete all quarterly statutory returns to ensure specific funds regulatory requirements are fulfilled.
• Accurately update and maintain the relevant sections in the delivery matrix to ensure all parties are aware of what has been completed and Oversight can promptly review the NAV where required.
• Monitor client mailboxes on a daily basis be resolving queries where possible or escalating where required.
• Assist supervisors during audits by providing supporting documents, reconciliations and reports to auditors where required.
• Maintain investor registers and ensure only authorized changes are made and that these are done in a timely manner.
• Subject to client approvals, respond to any investor queries that may arise.
• Prepare drawdown and distribution notices where requested from the General Partner.
• Prepare capital account statements.

Essential Requirements

• A relevant tertiary qualification including Accounting; Finance; Investments.
• Completed 3-year SAICA/SAIPA articles.
• Relevant experience in a similar role in financial services.
• Excellent numeracy skills.
• High level of accuracy and excellent attention to detail.
• Works well under pressure.
• Strong problem-solving abilities.

OUR COMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.