Senior Fund Accountant - Fund Services

JTC Group; Cape Town; Hybrid; ZAR 400,000 - 600,000; Full time

Job summary

JTC Group is looking for an experienced professional in Cape Town to manage fund administration. The role includes collating, calculating, and verifying fund information while ensuring compliance with accounting standards.

You will prepare financial statements, manage audits, and oversee team compliance within regulatory deadlines. Applicants should have a relevant qualification with 2-5 years of experience in the field.

Qualifications

• Minimum of 2 to 5 years experience in investment fund administration or a related field.
• Strong analytical skills to process financial data accurately.

Responsibilities

• Collate and calculate fund information accurately and within deadlines.
• Prepare and perform cash and stock reconciliations to avoid valuation errors.
• Monitor asset pricing to ensure correct valuation.

Skills

Accounting knowledge

Investment product knowledge

Numeracy skills

Attention to detail

Education

Tertiary qualification in Accounting, Finance, or Investments

Job description

Employment Type

Permanent

Department

Fund Services

Division

Institutional Client Services

Workplace Structure

Hybrid

Role Overview

To collate, calculate, process, investigate and check fund information including being a B signatory to produce and sign off the Accounts / Net Asset Valuations (NAV) of the specific Funds/Entities which JTC administers within defined deadlines and regulatory requirements. To produce financial statements and other financial related information for client entities accurately and on a timely basis, in accordance with the most relevant accounting standards and client-driven requirements.

Main Responsibilities And Duties

• Prepare, monitor and capture cash movements, investment trades and update transactions in InvestOne/Investran to ensure an accurate and timely delivery of the Accounts / NAV.
• Prepare and perform weekly / monthly cash and stock reconciliations, including proper investigation of all outstanding issues to ensure a timely resolution of any reconciling differences and avoid valuation errors.
• Monitor asset pricing and pricing sources for corporate actions to ensure securities are updated and valued correctly on InvestOne/Investran and to prevent asset pricing errors within the Accounts / NAV.
• Perform and check expense and accrual calculations to ensure they are reflected correctly in the Accounts / NAV.
• Prepare and produce an accurate NAV to ensure checkers or supervisors discover no errors on work reviewed, resulting in timely delivery of the Accounts / NAV.
• Proactively investigate queries with dealers, brokers, custodians, auditors and clients to ensure a timely resolution of all queries, and where applicable, communicate and elevate potential issues promptly and effectively.
• Understand and implement company policies and procedures, client service level agreements and internal controls to ensure compliance and avoid custodian and external audit findings.
• Prepare and send out all valuation e-mails to a pre-defined distribution list to ensure all parties are informed in a timely manner.
• Produce financial statements for a portfolio of clients in accordance with applicable financial standards, ensuring the accounts are produced within regulatory deadlines and client-agreed deadlines.
• Project‑manage the client audit process internally according to an agreed timetable to guarantee all parties deliver as scheduled and keep the manager or supervisor informed of any obstacles or delays.
• Attend pre- and post-audit meetings to discuss audit planning, comments, recommendations and any post-audit adjustments to valuations.
• Prepare and complete all monthly/quarterly KPI spreadsheets and/or statutory returns to fulfill specific fund regulatory requirements.
• Accurately update and maintain the relevant sections in the delivery matrix to keep all parties aware of completed tasks and allow oversight to review the NAV promptly.
• Prepare and complete all sundry administrative tasks, including accurate and timely time recording and filing of Accounts / NAV within Viewpoint.
• Coach and supervise other Fund Accountants in the same team to ensure adherence to procedures and provide feedback for yearly reviews.
• Prepare accurate payment instructions and provide them to a checker for authorisation in a timely manner.
• Check and authorise payments (as a B Signatory) to ensure correct amounts are instructed.
• Check and approve valuations (as a B Signatory) to ensure all information and calculations have been correctly collated.

Essential Requirements

• A relevant tertiary qualification, preferably including Accounting, Finance or Investments.
• Good accounting and investment product knowledge.
• Minimum of 2 to 5 years experience in investment fund administration or a related field.
• Excellent numeracy skills.
• Strong attention to detail.