Senior Fund Accountant -SA CIS Fund Accounting

Apex Group Ltd (UK Branch); Cape Town; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A global financial services company in Cape Town seeks a Senior Fund Accountant to manage fund valuations and mentor junior accountants. Candidates should have 1-2 years of fund accounting experience and a BCom or similar. The role involves updating systems, generating valuation files, and improving processes. This position offers an opportunity to work within a dynamic team in the finance industry.

Qualifications

• 1-2 years' experience as a fund accountant is required.
• Background in accounting, economics, or investments.
• Experience with investment products is an advantage.

Responsibilities

• Update Apex systems with daily prices and verify them.
• Mentor junior fund accountants and review their valuations.
• Generate and distribute daily valuation files.
• Calculate and distribute income and TER to clients.
• Improve processes and present recommendations.
• Maintain process documentation.
• Respond to internal and client queries.
• Perform quality assurance reviews on valuations.
• Manage production schedule in the leader's absence.
• Assist with project implementation and risk controls.
• Coordinate induction for new joiners.

Skills

Fund accounting

Asset management portfolio administration

Investment product knowledge

MS Office proficiency

Systems knowledge (Invest One)

Education

BCom or similar

Tools

Excel

Job description

Overview

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide. Your career with us should reflect your energy and passion. That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience. Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you.

Role Summary

Senior Fund Accountant - SA (CIS) Fund Accounting manage, to perform fund valuations within the Institutional Funds space. The Senior Fund Accountant will be required to administer the funds efficiently, accurately and within daily deadlines as well as setting up and ensuring checklists and standards are adhered to.

Responsibilities

• The main responsibilities of the role will be to: Update the Apex systems with all the daily prices and the verification of these prices.
• Provide mentorship and guidance to junior fund accountants, and review all fund valuations prepared by them and ensuring the accurate calculation of fund valuations.
• Generation and distribution of daily valuation files.
• Responsibility for income distribution and TER calculations and providing them to clients timeously.
• Reviewing all processes to assess continuous improvement and automation opportunities, and presenting recommendations to management.
• Maintaining and continuously updating the process of documentation.
• Communicating and responding to queries internally and from the client, assisting team leaders and managers in resolving such queries.
• Dealing with client queries and audit queries.
• Communicating and answering any queries on the funds from the team.
• Performing valuation quality assurance reviews and ensuring consistent quality of output.
• Management and oversight of production schedule and client deliveries in the team leader’s absence.
• Assisting with implementation of projects, checks and controls to mitigate risk.
• Coordination of the induction program for new joiners.

Qualifications

• The successful candidate will have a minimum of 1-2 years’ experience as a fund accountant.
• A BCom or similar, accounting, economics or investments background.
• Experience in Asset Management portfolio administration and pricing.
• Experience with investment products (including Unit Trusts, Multi-Manager, Segregated Portfolios, ETF’s, pooled products) either locally or internationally is an advantage.
• IT and systems skills and knowledge.
• A good working knowledge of systems or an aptitude for working with systems, specifically Invest One.
• An excellent working knowledge of MS Office & IT packages (particularly Excel).

Disclaimer

Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.