FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

Do More Group; South Africa; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading financial services firm in South Africa is seeking a competent Fund Accountant to join their Post Investment Monitoring team. The candidate will manage fund liabilities, perform reconciliations, track covenants, and assist in investor administration. Applicants should have at least 1 year of experience in Fund Accounting and a relevant degree in commerce. Strong interpersonal skills and proficiency in Xero are essential for this role.

Qualifications

• Relevant experience of at least 1 year in a Fund Accounting position.
• Ability to read and interpret balance sheets, income statements, and cash flow statements.
• Understanding unlisted loans is advantageous.

Responsibilities

• Reconciliation of accounting and loan system to ensure accuracy.
• Design a system to track covenants on loans.
• Assist with investor administration requirements.

Skills

Strong reconciliation skills

Strong Excel skills

Interpersonal & communication skills

Understanding FICA requirements

Education

BCom Accounting, Finance, Investments

Tools

Xero

PowerPoint

Word

Job description

Job Description

FUND ACCOUNTANT R 35k - R 30k pm - RONDEBOSCH, CAPE TOWN

Our market leading client is looking for a competent and skilled Fund Accountant to be part of the Post Investment Monitoring team who can ensure, on a regular basis that our fund liabilities are reconciled to our fund assets, track loan covenants and support the PIM team with loan administration, reconciliations and queries and assist with general company accounting.

Key Responsibilities

Reconciliation of assets and liabilities

• Reconciliation of accounting and loan system to ensure assets and liabilities match, including capture of banking transactions in Xero

Covenant tracking

• Design a system to track covenants on loans made, including identification of covenant requirements, requesting financial information from borrowers, interpreting the financial information and calculating ratios, and identification of breaches
• Monthly reporting on status of covenants
• Preparation of quarterly covenant reporting pack to Investment Committee
• Ensure all relevant documents are saved on the loan system in a methodical manner

Investor administration

• Tracking of inflow bank account
• Review FICA documentation obtained for new investors
• Maintain overview of when FICA needs to be renewed
• Assist with handling queries efficiently to ensure resolution of both internal and external client queries (in conjunction with the PIM team)
• Assist with investor administration requirements, if necessary, including loading FNB payments (manual and file uploads), processing transactions in the loan administration system (contributions, surrenders, broker commissions, adjustments), monthly reporting of portfolio valuations and transactions to clients, monthly reporting to IFAs
• Assist in process of updating FICA for all existing investors
• Supporting the management and co-ordination of team deliverables relating to projects
• Maintain control over saving of investor documentation

Loan administration

• Assist with borrower queries/reconciliations on an ad hoc basis

Accounting / management accounting

• Balance sheet reconciliations
• Processing of journal entries
• Assistance with monthly review of income statement and balance sheet, VAT returns, tax calculation and preparation of tax returns, invoicing

Requirements

• Relevant tertiary qualification with a strong focus on commerce (BCom Accounting, Finance, Investments)
• Relevant experience of at least 1 year in a Fund Accounting position gained in fund services / asset management
• Relevant exposure to investment reporting systems
• Strong reconciliation skills
• Rely on a working knowledge of business accounting (preferably Xero) and fund accounting
• Understand unlisted loans (although our loan set up is quite simple)
• Ability to read and interpret key financial statements: balance sheets, income statements, and cash flow statements and calculate key financial ratios tied to covenants.
• Understanding FICA requirements in relation to new and current investors
• Have strong Excel skills
• Enjoy and leverage off strong interpersonal & communication (written and oral) skills, Ability to work independently
• Be proficient in PowerPoint, Excel, Word, and digital workspaces
• Strong with digital records