Specialist | Institutional Fund Operations | Fund Accounting

Allan Gray; Cape Town; On-site; ZAR 480,000 - 600,000; Full time

Job summary

Allan Gray seeks a Fund Accounting Specialist to join the Institutional Operations team on a 12-month contract in Cape Town. The role centers on accurate daily NAV calculations across Unit Trusts, Pooled Products, Mutual Funds and Multi-Manager funds, including income accruals, reconciliations and service fee calculations.

The successful candidate will perform NAV validation, maintain control standards, and support the end-to-end NAV production process with a focus on accuracy and timely market

Qualifications

• Finance degree (BSc or BComm) with at least 1 year mathematics, statistics or accounting.
• Recent graduates welcome; 1-2 years Fund Accounting experience advantageous.
• Contract role for 12 months focused on NAV calculation and verification.

Responsibilities

• Calculate and review daily NAVs for Unit Trusts, Pooled Products, Mutual Funds, Multi-Manager products.
• Perform independent NAV verification and validation checks.
• Understand valuation of local and offshore securities.
• Accurately allocate fund and class expenses including performance fees.
• Understand corporate actions and their impact on NAV.
• Optimize reconciliations and investigate variances.
• Process Asset Transfers across Structured Products.
• Manage fund-related payments and meet deadlines.
• Prepare Fund Trial Balances and NAV analysis.
• Assist audit queries and income distribution processes.

Skills

Analytical thinking

Accounting focus

Time management

Stakeholder engagement

Education

BSc or BComm

Job description

Job Summary

Position within Institutional Operations - Fund Accounting Team as a Fund Accounting Specialist. This is a contract for 12 months. The primary focus of the role is the accurate calculation and oversight of daily Net Asset Values (NAVs) across a range of investment portfolios, including Unit Trusts, Pooled Products, Mutual Funds, and Multi-Manager funds. This includes the calculation of daily income and expense accruals, cash and scrip reconciliations, maintenance of cash positions and margin accounts, as well as the accurate calculation of service fees and benchmark-related metrics. The role also involves performing NAV validation and verification checks, ensuring that all movements are within defined tolerance levels and are appropriately investigated and resolved. The incumbent is responsible for the end-to-end NAV production process, including both calculation and the timely dissemination of NAVs to the market. A strong focus is placed on accuracy, control, and operational efficiency, ensuring that all processes supporting NAV calculation are executed to a high standard and in line with established procedures and deadlines.

Job Responsibilities

The key functions included are:

• Calculate and review daily Net Asset Values (NAVs) for Unit Trusts, Pooled Products, Mutual Funds, Multi-Manager products, and Bermuda funds.
• Perform independent NAV verification and validation checks, ensuring accuracy and timely dissemination of NAVs to the market.
• Develop a strong understanding of the valuation of local and offshore securities, including fixed income instruments and complex assets.
• Accurate calculation and allocation of fund and class expenses including performance fees.
• Understanding of corporate actions and the impact on fund NAV.
• Optimization of reconciliations, Exception handling, Investigation of significant variances and effective resolution of reconciliation breaks and ad hoc challenges.
• Accurate processing of Asset Transfers across all Structured Products
• Manage and execute fund-related payments, ensuring accuracy and adherence to deadlines.
• Advanced understanding of the composition of fund holdings, fund benchmarks and performance fees
• Preparing Fund Trial Balances and Nav analysis
• Advanced understanding of unit transactions impact on income and capital prices
• Attending to audit and ad hoc queries
• Sound understanding of Income Distribution processes including the allocation of income per taxable income categories

Key Attributes and Competencies

• Highly analytical with a strong accounting focus and problem-solving mindset
• Critical Attention to detail
• Deadline driven and excellent time management skills
• Strong organisational and planning skills, with the ability to work efficiently and methodically
• Self-motivated, resilient, and results-oriented, with a proactive approach to challenges
• Strong interpersonal skills, with a people-oriented approach to collaboration
• Strong team focus and team player
• Works well under pressure, maintaining quality and control standards.
• Excellent stakeholder engagement and relationship-building skills, both internally and externally.

Experience And Education

• Appropriate finance qualification: BSc or BComm, with at least 1-year mathematics, statistics or accounting.
• Recent graduate applicants are welcome; 1-2 years' experience in Fund Accounting would be advantageous.

Location and Closing Date

Cape Town

15 October 2026