Fund Accountant - Retirement Fund Administration

Fund Accountant - Retirement Fund Administration

Location:

(Location)

Type of Employment:

Full-time

About Us

At NMG Benefits, we are driven by a simple yet powerful philosophy: Finding a Better Way. This commitment shapes everything we do, from consulting to crafting innovative solutions for brighter financial futures.

Our expertise spans consulting, actuarial, and administration services in healthcare and retirement fund environments, enhanced by personalised financial planning for individuals. This comprehensive approach enables us to deliver seamless, end-to-end solutions tailored to the needs of employers and their employees.

We encourage our clients to view employee benefits through an actuarial lens, fostering policies that drive productivity, loyalty, and engagement. Our focus is on protecting the financial security of employees while ensuring the long-term stability of the organisations they serve—building enduring and successful partnerships.

At NMG, our leadership and team recognize the privilege and trust placed in us to safeguard our clients' financial wellbeing. We are proud to be the trusted advisors of over 50 blue-chip South African companies, guiding their strategies with insights that inspire confidence and results.

Role Overview

The incumbent will be responsible for the monthly and quarterly management of accounts, annual financial statements, and controlling costs. The Fund Accountant will support the Manager of Accounts to meet service level agreements and deadlines.

Responsibilities

1. Monthly Accounting Work
   • Upload bank statements into the admin system
   • Prepare monthly and quarterly management accounts
   • Manage and meet deadlines for monthly, quarterly, and annual processes
   • Prepare monthly ALMs on all management accounts
   • Prepare quarterly SARB reports
   • Ensure the timeous payment of fund invoices
   • Prepare annual financial statements for active and termination funds
   • Prepare annual audit files on stand-alone funds, including financial statements and working papers for umbrella funds
   • Assist with annual Regulation 28 reports
   • Resolve queries related to audit, actuarial, and trustee matters within stipulated turnaround times
   • Adhere to processes and procedures within the fund accounting team
   • Maintain and adhere to annual planners
2. Cost Control
   • Avoid audit overruns

Note: Based on experience, additional tasks may be allocated as required, such as report checking.

Qualifications

• Matric / Grade 12
• BCom or studying towards a BCom degree or relevant accounting diploma/qualification

Experience

• At least 1-5 years' experience in Retirement Fund Accounting (preferred but not mandatory)

Skills Required

• Knowledge of accounting policies, systems, procedures, and GAAP
• Understanding of FSCA and SARB requirements
• Knowledge of segregated investments and disclosure on financial statements
• Effective communication with auditors, consultants, and actuaries
• Understanding organisational policies and effective teamwork
• Strong computer skills, including Excel, PowerPoint, and relevant software