Junior Fund Accountant

Set Consulting; Gauteng; On-site; ZAR 350,000 - 520,000; Full time

Job summary

Set Consulting in South Africa seeks a diligent Fund Accountant to ensure accuracy in fund-related transactions. You will reconcile systems, prepare month-end journals, and analyze data to provide actionable insights.

The role requires a Bachelor’s degree in accounting and 3–5 years’ experience, with strong Excel and MS Office skills. You will collaborate across departments to ensure pay-outs and reporting align with standards.

Qualifications

• Bachelor’s degree in accounting required.
• Minimum 3–5 years work experience.
• Ability to work with big data in a high-pressure environment.
• Strong analytical and diagnostic skills to draw insights.
• Attention to detail and accuracy.
• Proactive and accountable for responsibilities.
• Proficiency in MS Office with Advanced Excel.
• Tech-savvy and quick to learn new systems.

Responsibilities

• Complete reconciliations between the operations system and financial system.
• Prepare month end journals for revenue recognition, expenses, and fund provisions.
• Analyze fund transactions, identify discrepancies and provide insights.
• Prepare month end journals for funds transactions.
• Complete reconciliations of funds between systems within deadlines and rectify errors.
• Identify and correct system and human errors between the two systems.
• Calculate monthly P&L on terminated plans.
• Collaborate with BI, Policy Admin, Creditors and Debtors teams and act accordingly.
• Ensure data integrity by checking data validity.
• Work with actuarial team to align actuarial reports with financials.
• Prepare JV calculations and management accounts and ensure pay-outs per agreement.
• Interpret and explain trends and discrepancies.

Skills

Analytical thinking

Numerical reasoning

Attention to detail

Deadline driven

Team player

Education

Bachelor’s degree in accounting

Tools

Excel

Job description

Successful candidate will play a role in ensuring accuracy and integrity in fund-related transactions and reconciliations. This includes:

Completion of reconciliations between the operations system and financial system.

Preparation of month end journals to reflect accurate accounting for revenue recognition, expense accruals and fund provisions based on business requirements and accounting standards.

Analyse fund related transactions, identify discrepancies and provide actionable insights.

• Preparation of month end journals for funds transactions.
• Complete reconciliations of funds between the operations system and financial system within strict deadlines and rectify errors identified.
• Identify, analyse and correct both system-related and human errors found between the operations and financial system.
• Calculating monthly profit and loss on terminated plans.
• Collaborate and follow up on any matters arising from the Business Intelligence, Policy Admin, Creditors and Debtors departments and action accordingly.
• Scrutinise and maintain data integrity by checking for errors and validity of the data.
• Work with actuarial team to ensure that actuarial reports agree to financial reports.
• Preparation of JV calculations and management accounts and ensuring pay-outs are made as per agreement.
• Ability to interpret and explain trends, discrepancies and inconsistencies.
• Analysis of funds for trends, anomalies, etc.
• The functions and responsibilities listed here may be changed at any time depending upon operational requirements of the employer and including ad hoc tasks.

Qualifications:

• Bachelor’s degree in accounting
• Minimum of 3-5 years work experience
• Ability to work with big data in a high-pressure and performance environment.
• Strong analytical and diagnostics skills to draw insights.
• Well-developed numerical reasoning and interpretation skills.
• Attention to detail and accuracy.
• Inquisitive mind
• Deadline driven and strong sense of urgency.
• Must be able to multi-task and adapt to change.
• Team player with an ability to build and maintain relationships with stakeholders.
• Proactive and takes accountability for responsibilities.
• Agile and resilient.
• Ethical, honest and autonomy.
• Proficiency in MS Office with Advanced Excel skills.
• Must be tech savvy and be able to pick up systems quickly.ed team.