Graduate Accountant

Snatch | Accounting & Finance Headhunters; Wes-Kaap; On-site; ZAR 350,000 - 500,000; Full time

Job summary

A trusted fund management company in Cape Town is seeking a Fund Accountant to join their team. This full-time position entails supporting fund administration while gaining valuable industry experience. Candidates should have a BCom in Accounting or Finance and 1-2 years of relevant experience. The role involves various accounting responsibilities and client reporting, providing an opportunity to work closely with skilled professionals in a supportive environment.

Qualifications

• 1-2 years of relevant accounting or fund administration experience.
• Article clerks who want to enter the Fund Management space will also be taken into consideration.

Responsibilities

• Support fund administration and operational activities.
• Create a personal development plan with guidance from a fund controller.
• Monitor and reconcile capital call and distribution wire.
• Prepare capital call and distribution notice.
• Record general ledger entries and perform management fee calculation.

Skills

Adapt to office policies

Training and collaboration

Networking

Knowledge of venture capital

Understanding LPA significance

Accounting accuracy

Client reporting

Software systems utilization

Education

BCom Accounting or Finance

Bachelor of Accounting

Honours in Accounting

Tools

Excel

Job description

A trusted and rapidly growing Fund Management company with billions in assets under administration is seeking a Fund Accountant to join their growing team in Cape Town. The company is known for strong partner relationships and a people‑first culture, providing exceptional services and experiences to its clients in the venture capital and private equity industry. Their comprehensive fund administration services and tailored technology solutions make them a leader in the industry.

As a Fund Accountant, you will play a crucial role in supporting fund administration and operational activities. You will have the opportunity to learn and develop your skills while working closely with experienced professionals in the industry. Your responsibilities will include acclimating to the office environment, building relationships with peers, and gaining technical knowledge of fund administration processes and systems.

• Adapt to office policies and procedure
• Train and collaborate with colleagues and intern
• Expand professional networks within the office
• Create a personal development plan with guidance from a fund controller/mentor
• Acquire knowledge of venture capital and private equity industry practice
• Understand the significance of limited partnership agreements (LPA) in fund administration
• Familiarize yourself with fund operations, including cash/banking processes
• Navigate the systems to access relevant data
• Calculate capital call and distribution allocation
• Monitor and reconcile capital call and distribution wire
• Prepare capital call and distribution notice
• Record general ledger (GL) entries and perform management fee calculation
• Calculate fund performance metrics as requested
• Ensure the accuracy of financial statements
• Utilize software systems and Excel for client reporting and analysis
• Assist with client onboarding/migration to reporting database
• Assist with audit confirmations and provide documentation
• Participate in financial statement footnotes and expense calculation

Requirements

• BCom Accounting or Finance / Bachelor of Accounting / Honours in Accounting
• Article clerks who want to enter the Fund Management space will also be taken into consideration
• 1-2 years of relevant accounting or fund administration experience

Seniority level

• Associate

Employment type

• Full‑time

Job function

• Accounting/Auditing and Finance
• Industries: Venture Capital and Private Equity Principals and Investment Management

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Cape Town, Western Cape, South Africa