Specialist - Security Valuations

Apex Group Ltd (UK Branch); Cape Town; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading global fund administration firm in Cape Town is seeking a Fund Accounting Manager to oversee teams and ensure accurate fund valuations. The ideal candidate must have a B.Com or equivalent, with a minimum of 3 years accounting experience and strong client interaction skills. Competitive remuneration and growth opportunities available.

Benefits

Competitive remuneration

Training and development opportunities

Unique global business opportunity

Qualifications

• Minimum 3 years accounting experience, 6 months fund accounting experience.
• Experience with various fund types locally or internationally.

Responsibilities

• Manage teams of Fund Accountants for fund accounting and administration.
• Deal with client and audit queries.
• Ensure accurate calculation of fund valuations and accounting.
• Document processes and monitor team performance.

Skills

Accounting principles

Team supervision

Problem analysis

Client interaction

Communication skills

Education

B.Com or equivalent

Tools

Excel

InvestOne

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 roughly 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 primary responsibility for this position is to manage teams of Fund Accountants who will perform the accounting and administration of all South African priced funds including Unit Trusts, Priced Pooled, Priced Segregated as well as South African Hedge Funds. The individual will be required to manage staff, assisting with issues coming out of the operations, reviewing staff work and ensuring processes are followed and standards are adhered to. This individual will also oversee projects aimed at improving the processes within Fund Accounting.

Job specification

• Deal with client queries and audit queries.
• Ensure the accurate calculation of Fund valuations, including NAV’s and accounting to TB.
• Communicating and answering any queries on the Funds from the team.
• Manage the output of the team according to the daily production schedule.
• Perform valuation quality assurance reviews and ensure consistent quality of output.
• Document all processes, checklists and controls within the team.
• Monitor and manage the performance of the team as well as individual team members, including setting up KPIs aligned to job description and development of staff.
• Implementation of project checks and controls to mitigate risk.
• Manage staff in taking on new funds allocated.
• Participate and lead training applicable for the team.
• Monitoring and delegating to ensure that reconciliations in fund accounting are clear.

Skills Required

• An accounting qualification (minimum B.Com or equivalent) together with at least 3 years accounting experience and at least 6 months Fund Accounting experience or 24 months plus Fund Accounting experience in asset management portfolio administration and pricing.
• In addition, the individual should have experience with the various fund types either locally or internationally.

IT and Systems Skills and Knowledge

• Advanced level experience in using Excel, InvestOne and other related systems.
• Proven competence and an aptitude for working with systems.

Skills and Abilities

• Detailed understanding of funds and fee structures.
• Previous experience in supervising a team and conducting colleague reviews.
• Previous experience in dealing with clients.
• Previous experience in mentoring junior and new staff.
• Excellent communication skills (both written and verbal).
• Confident, enthusiastic and self‑motivated.
• A track record of achievement.

The ideal candidate will have the following competencies

• Ability to analyse and solve problems.
• Supervise staff.
• Work as part of a team.
• Assist in process improvement.
• Develop and implement policies and procedures.
• Identify problems and delegate effectively.
• Monitor portfolio.
• Produce daily and weekly stats on recon items.
• Establish and manage relationships.
• Liaise with clients and system developers.

Experience

• Managing a team.
• Knowledge of basic investment product knowledge.
• Good understanding of Financial Markets, instruments and systems.

What you will get in return

• A genuinely unique opportunity to be part of an expanding large global business.
• Competitive remuneration commensurate with skills and experience.
• Training and development opportunities.

Additional information

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio‑economic, responsibilities for dependants, physical or mental disability. Any hiring decision are made on the basis of skills, qualifications and experiences.

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

For more information on our commitment to Corporate Social Responsibility (CSR) please https://www.apexgroup.com/corporate-social-responsibility.

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.