Fund Accountant - Fund Services

JTC Group; Milnerton; Hybrid; ZAR 350,000 - 600,000; Full time

Job summary

A leading company in fund services is looking for a meticulous candidate to manage fund information and produce accurate Net Asset Values. The ideal applicant will have a relevant qualification, strong numeracy skills, and proven experience in financial services. This role is crucial for ensuring compliance and delivering timely results within a dynamic work environment.

Qualifications

• Strong problem-solving abilities required.
• High attention to detail and accuracy essential.
• Relevant experience in financial services necessary.

Responsibilities

• Prepare and monitor cash movements and investment trades.
• Perform weekly/daily reconciliations to resolve differences.
• Ensure compliance with company policies and client agreements.

Skills

Numeracy

Attention to detail

Problem-solving

Education

Accounting qualification

Finance qualification

Investments qualification

Completed 3-year SAICA/SAIPA articles

Job description

EMPLOYMENT TYPE: Permanent

DEPARTMENT: Fund Services

DIVISION: Institutional Client Services

WORKPLACE STRUCTURE: Hybrid

ROLE OVERVIEW

PURPOSE OF JOB

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

MAIN DUTIES AND RESPONSIBILITIES

• Prepare, monitor andcapture cash movements (cash management), investment trades and updatetransactions on the accounting system to ensure an accurate and timely deliveryof the NAV.
• Prepare and perform weekly/daily cash and stock reconciliationsincluding proper investigation of all outstanding issuesto ensure a timely resolution of any reconciling differences and no NAV errorsoccur.
• Monitor daily/monthlyasset pricing and pricing sources for corporate actions to ensure securitiesare updated and valued correctly on the accounting system and no asset pricingerrors occur in the valuation.
• Perform and checkweekly/daily expense and accrual calculations to ensure that they are reflectedcorrectly in the Net Asset value calculation.
• Prepareand produce an accurate NAV to ensure Reviewers discover no errors on workreviewed resulting in the timely delivery of the NAV's.
• Proactivelyinvestigate queries with dealers; brokers; custodians; auditors and clients toensure a timely resolution of all queries. Where applicable to communicate andescalate potential issues in a prompt and effective manner.
• Understandand implement company policies and procedures; client service level agreementsand internal controls to ensure compliance thereof and no Custodian or externalaudit findings occur as a result of them not being applied.
• Monitor and performweekly/monthly compliance checks to ensure all scheme particulars are adheredto and no concern is raised in Compliance's reviews and reports.
• Prepare and send outall valuation e-mails to a pre-defined distribution list to ensure all partieshave been timely informed of the NAV.
• Prepareand complete all quarterly statutory returns to ensure specific fundsregulatory requirements are fulfilled.
• Accuratelyupdate and maintain the relevant sections in the delivery matrix to ensure allparties are aware of what has been completed and Oversight can promptly reviewthe NAV where required.
• Monitor clientmailboxes on a daily basis be resolving queries where possible or escalatingwhere required.
• Assistsupervisors during audits by providing supporting documents, reconciliationsand reports to auditors where required.
• Maintain investor registers and ensure onlyauthorized changes are made and that these are done in a timely manner.
• Subject to client approvals, respond to anyinvestor queries that may arise.
• Prepare drawdown and distribution noticeswhere requested from the General Partner.
• Prepare capital account statements.

ESSENTIAL REQUIREMENTS

• Excellent numeracyskills.
• High level of accuracyand excellent attention to detail.
• Works well underpressure.
• Strong problem-solving abilities.
• Arelevant tertiary qualification including Accounting; Finance; Investments.
• Completed3-year SAICA/SAIPA articles.
• Relevantexperience in a similar role in financial services.

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