Junior Fund Accountant

Armstrong Appointments; Johannesburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A recruitment agency is looking for a Junior Fund Accountant in Johannesburg. This role encompasses supporting various accounting functions, including financial reporting and reconciliations. Candidates should have a Bachelor’s degree in accounting, a minimum of two years of relevant experience, and knowledge of pension legislation. Familiarity with the Everest.net system and communication skills in multiple RSA languages are preferred. This position offers a pathway to grow within the financial sector.

Qualifications

• Minimum two years’ experience in the retirement fund industry or similar environment.
• Knowledge of Pension Fund Legislation preferred.
• Exposure to Financial Advisory Intermediary Services environment.

Responsibilities

• Assist with Fund’s day-to-day accounting responsibilities.
• Prepare monthly bank and financial reconciliations.
• Manage workflow and meet process deadlines.

Skills

Excellent communication and coordination skills

Conversant in more than one RSA language

Education

Bachelor’s degree in accounting

Tools

Everest.net

Job description

Our client based in Braamfontein is currently seeking the skills of a Junior Fund Accountant

Main job function

The Junior Fund Accountant is responsible for assisting the Associate Manager: Fund Accounting with the Fund’s day-to-day accounting responsibilities assigned to management accounting, financial reporting, and cash flow management. The role also assists with the monthly management of workflow and meeting monthly, quarterly, and annual process deadlines including annual audits.

The Junior Fund Accountant reports on the status of management accounts including contributions, journal entries, benefit payments, benefits reporting, risk and tax payments and reconciliations and annual statutory audits.

Bank Reconciliations

• Assist to prepare monthly Reconciliations

Monthly Contributions

• Allocate contributions to respective employers

Recoveries

• Request the confirmation of deposit received from the insurer
• Receive and reconcile recovery amount into the member record
• Provide an update to the disability team in respect of recoveries received and outstanding workflows

Benefit Payments

• Assist with making local payments
• Assist with benefit payment queries and confirm benefit payments

Annuity Payments

• Reconcile Annuity payment received and Annuity schedule
• Assist with processing of annuity payments monthly
• Respond to annuity payment queries

Foreign Payments

• Allocate payment to/from the Ledger Account
• Prepare supporting documents
• Assist with processing payments of Forex
• Cross border payments

Risk Recon

• Assist with processing risk payment and risk reconciliations for 3rd parties

Unit Price Loading

• Loading daily and monthly Unit Price on Everest

Other Payments

• Assist with processing of Paid-up payments
• Assist with processing of Funeral Premiums paid in advance
• Assist with processing of Transfers

Other duties

• Assist with queries
• Updating Bank Statement for Data Team

Monthly & Quarterly Reconciliations

• Quarterly Section 14 In and Out Recon
• Recoveries Recon
• Recon suspense account
• Report
• Benefit Recon
• Write-off Recon
• Credit Control
• Debtors Control
• Refunds Recoveries Recon
• Late Payment Interest Recon
• Housing Loan Guarantee Reconciliation

Financial Year-end

• Assist with preparing Audit workbooks

Qualifications

• Bachelor’s degree in accounting

Criteria

• Two years’ experience in the retirement fund industry or similar environment
• Knowledge of the Pension Fund Legislation is preferred
• Knowledge of Everest.net system (will be highly preferable)
• Conversant in more than one RSA language
• Exposure to the Financial Advisory Intermediary Services environment
• Excellent communication and coordination skills

A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.