Supervisor - Funds Services

TMF Group; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

TMF Group in Cape Town is seeking a Fund Accountant for Alternative Funds to manage tax and audit processes and deliver client reporting with accuracy.

You will coordinate audits, prepare quarterly and annual financial statements, and oversee calculations for distributions, capital calls, and carried interest, interfacing with auditors and tax accountants and supporting client relationships.

Qualifications

• Bachelor’s degree in accounting is required or preferred.
• ACCA/CA/CIMA qualification with at least 2 years post-qualification experience as a reviewer.
• Good knowledge of IFRS and related GAAPs.
• Experience with fund accounting for Alternative Funds is advantageous.

Responsibilities

• Manage tax and audit processes and provide information to auditors and tax accountants.
• Project manage audits and tax processes and oversee client product delivery.
• Prepare quarterly management accounts and annual financial statements.
• Handle distribution, capital calls, and carried interest calculations.
• Maintain investor registers and ensure timely client reporting and deliverables.
• Lead client meetings and maintain relationships with stakeholders.

Education

Bachelor’s degree in accounting

ACCA / CA / CIMA qualified with post-qualification experience

Tools

Investran

Yardi

Job description

Disclaimer

We never ask for payment as part of our selection process, and we always contact candidates via our corporate accounts and platforms. If you are approached for payment, this is likely to be fraudulent. Please check to see whether the role you are interested in is posted on our career website.

About TMF

TMF Group is a leading provider of administrative services, helping clients invest and operate safely around the world.

As we’re a global company with 11,000+ colleagues based in over 125 offices across 87 jurisdictions, we actively seek out people with the talent and potential to flourish at TMF Group, whatever their background, and offer job opportunities to the broadest spectrum of people. Once on board we nurture and promote talented individuals, making sure that senior positions are open to all.

Discover the role

TMF Fund Services is an independent alternative fund administrator with over two decades of experience in providing an extensive range of services, coupled with a very personal approach. We combine our technology, expertise and global infrastructure to deliver a customized package of services to our clients. These include: Fund Administration, Investor Services, Portfolio & Managed Account Services, Depositary and Corporate Services.

Key Responsibilities

• Managetax and audit processes
• Provide necessary information to auditors and tax accountants for completion of audits and tax returns within scheduled time frames
• Project manage the audit and tax process
• Ownership of client product delivery, managing both internal and external timelines
• Reviewof accurate:
• Quarterly management fee calculations
• Management accounts
• Annual financial statements in accordance with applicable financial reporting framework
• Distribution calculations and distribution letters
• Capital callcalculations andcapital callletters
• Carried interest and waterfall calculations
• Equalization calculations
• Investor registers
• Payments
• Any other deliverables as agreed in administration agreement
• Managerelationships
• Provide exceptional client service experience
• Act as a primary client contact,withresponsibilityfor responding to client questions and requests
• Leading regular scheduled meetings with clients
• Interfacing and enhancing relationships with various stakeholders such valuations, treasury, investor relations, custodians, and management company teamsamong other.
• Manage, train, and assist manager with developingFund/Senior Fund accountants
• This includes onboardingandenforcing company policiesamong other.
• Act as point of support for team membersand may be required to prepare at times.
• Read and understandvarious agreements, including the Service Level Agreements to determine how the provisions impacts the operations and reporting deliverables.
• Assist manager with projects and other ad hoc tasks

Key Requirements

• Bachelor’s degree, preferably in accounting
• At least3-5years’ experiencein Fund accounting for Alternative Funds (Private Equity, Real Estate, Private Debt)with at least2years’experienceasareviewer or
• Aqualified accountantideally ACCA, CA,or CIMA with at least 2 years post qualifying experience as a reviewer preferably in financial services
• Good knowledge of IFRS and ideally other GAAPs
• Knowledge of Investran and/or Yardi– this would be considered as advantage
• Familiarity with tax-efficient European fund structures and related investment vehicles and regulatory requirements – this would be considered as advantage
• Other characteristics: accurate, self-motivated and able to work both independently and as part of a team, deadline driven and able to maintain a portfolio of clients

What’s In It For You

• An exciting opportunity in an international company
• Professional development opportunities as well as extensive individual further training opportunities, supported by our TMF Business Academy
• A career within an ever evolving market
• Flat hierarchies with direct contact to management and international exchange

We’re looking forward to getting to know you!