Fund Accountant - Fund Services

JTC Group; South Africa; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A leading financial services organization in South Africa is seeking a skilled Fund Services professional to manage and ensure accurate Net Asset Values (NAV) for specific funds. Responsibilities include cash management, reconciliations, and compliance checks. Ideal candidates will have a tertiary qualification in Accounting or Finance, completed 3-year SAICA/SAIPA articles, and relevant experience. This role offers a hybrid work structure.

Qualifications

• Experience in financial services in a similar role.
• Ability to work under pressure.
• Strong analytical skills.

Responsibilities

• Prepare and capture cash movements and investment trades.
• Perform cash and stock reconciliations to resolve issues.
• Monitor daily asset pricing for accuracy on accounting systems.
• Produce accurate NAV to avoid errors.
• Investigate queries with clients and custodians promptly.

Skills

Numeracy skills

Attention to detail

Problem-solving abilities

Education

Relevant tertiary qualification (Accounting, Finance, Investments)

Completed 3-year SAICA/SAIPA articles

Job description

EMPLOYMENT TYPE: Permanent

DEPARTMENT: Fund Services

DIVISION: Institutional Client Services

WORKPLACE STRUCTURE: Hybrid

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.

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 NAVs.
• Proactively investigate queries with dealers; brokers; custodians; auditors and clients to ensure a timely resolution of all queries, and communicate and escalate potential issues in a prompt and effective manner where applicable.
• 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, resolve queries where possible or escalate 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

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