Senior Fund Accountant - UK Fund Accounting

Wealth Enhancement Group; Cape Town; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading firm in fund administration seeks a Senior Fund Accountant to ensure accurate UK fund valuations. The role requires strong accounting skills and a background in asset management. Ideal candidates will possess a BCom or similar degree, as well as proven experience in fund accounting. This position offers an opportunity for professional development and the chance to be part of a dynamic team.

Qualifications

• At least 24 months experience in asset management portfolio administration.
• Proven competence with systems integration.
• Understanding of offshore investment products.

Responsibilities

• Ensure accurate fund valuations and accounting.
• Communicate and resolve fund accounting queries.
• Play a key role in project implementation of new funds.

Skills

Fund Accounting

Asset Management

Accounting

Economics

Investments

Excel

Education

BCom or similar

Tools

InvestOne

NX Manager

Xceptor

Job description

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

Description

The role of the Senior Fund Accountant – UK Fund Accounting will be to perform and provide assurance on UK fund valuations as produced by the UK Fund Accounting Team. The main responsibilities of the role include the management, administration and accounting. The role will necessitate quality standards to be adhered to and will require of the individual to provide ad-hoc supervisory fund valuation review to support the Team Leader – UK Fund Accounting as and when needed.

Job specification

• Ensure accurate calculations of fund valuations and accounting by monitoring cash and scrip reconciliations, expense accruals and exception reporting;
• Communicate and respond to queries originating from internal Fund Services operational teams and/or external from clients, assist team leader/s and managers in resolving all fund accounting queries;
• Ensure material NAV errors are identified, escalated to Team Leader and appropriately remediated;
• Perform review checks within the team (in the absence of the team leader);
• Document and continuously update operational processes, ensure fund valuation checklists are followed and implement controls to reduce valuation error risks;
• Manage Cherwell’s logged to the UK Fund accounting team, and resolve open items;
• Play a key role as part of project implementation of new funds to facilitate a smooth operational handover and monitor daily operational controls and checks to mitigate risk;
• Play a key role in cross training end to end operational functions within the UK Fund Accounting team, this will include, fund accounting, trade integration, corporate actions, custody reconciliations and fund reporting.

Skills Required:

• A BCom or similar, accounting, economics or investments background is preferred;
• The relevant experience includes at least 24 months experience in asset management portfolio administration and pricing of offshore funds;
• Proven competence and an aptitude for working with systems and its integration;
• Knowledge and experience with the use of InvestOne, NX Manager & Xceptor is an advantage;
• Computer literate with an excellent working knowledge of MS office & IT packages (particularly Excel);
• A strong all-round understanding and proven track record of experience in fund accounting and the trade life cycle as part of back office administration;
• Experience with offshore investment products (various fund types including Unit Trusts, Multi-Manager, Segregated Portfolios, ETF’s, Pooled products) will be an advantage; and detailed understanding of funds and fee structures.

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.