Fund Accountant

11 hours ago

Cape Town, South Africa Rory Mackie & Associates Full time

Our client is looking for a competent and skilled Fund Accountant to be part of the Post Investment Monitoring (PIM) team who can ensure, on a regular basis, that their fund liabilities are reconciled to their fund assets, track loan covenants and support the PIM team with loan administration, reconciliations and queries and assist with general company accounting.

Key Responsibilities
Reconciliation of assets and liabilities
• Reconciliation of accounting and loan system to ensure assets and liabilities match, this includes,
• Capture of banking transactions in Xero
Covenant tracking:
• Design a system to track covenants on loans made including (amongst others):
o identification of covenant requirements,
o requesting financial information from borrowers,
o interpreting the financial information and calculation of ratios, and
o identification of breaches
• Monthly reporting on status of covenants
• Preparation of quarterly covenant reporting pack to Investment Committee
• Ensure all relevant documents are saved on the loan system in a methodical manner
Investor administration:
• Tracking of inflow bank account,
• Review FICA documentation obtained for new investors,
• Maintain overview of when FICA needs to be renewed,
• Assist with handling queries efficiently to ensure resolution of both internal and external client queries (in conjunction with the PIM team),
• Assist with investor administration requirements, if necessary, including:
o Loading FNB payments (manual and file uploads)
o Processing transactions in the loan administration system (contributions, surrenders, broker commissions, adjustments)
o Monthly reporting of portfolio valuations and transactions to clients
o Monthly reporting to IFAs
• Assist in process of updating FICA for all existing investors
• Supporting the management and co-ordination of team deliverables relating to projects
• Maintain control over saving of investor documentation
Loan administration:
• Assist with borrower queries/reconciliations on an ad hoc basis
Accounting/ management accounting:
• Balance sheet reconciliations
• Processing of journal entries
• Assistance with
o monthly review of income statement and balance sheet,
o VAT returns and
o tax calculation and preparation of tax returns
o invoicing

Experience Required
• Relevant experience of at least 2-5 years in a Fund Accounting position gained in fund services / asset management
• Relevant exposure to investment reporting systems
• Strong reconciliation skills
• Rely on a working knowledge of business accounting (preferably Xero) and fund accounting
• Understand unlisted loans (although the loan set up is quite simple)
• Ability to read and interpret key financial statements: balance sheets, income statements, and cash flow statements and calculate        key financial ratios tied to covenants.
• Understanding FICA requirements in relation to new and current investors
• Have strong Excel skills
• Enjoy and leverage off strong interpersonal & communication (written and oral) skills
• Ability to work independently
• Be proficient in PowerPoint, Excel, Word, and digital workspaces, and
• Strong with digital records
• Relevant tertiary qualification with a strong focus on commerce (BCom Accounting, Finance, Investments

Key Competencies
• Self-starter who is willing to take on responsibility for a wide array of tasks,
• Highly methodical with strong interest in portfolio administration,
• Ability to work under pressure with limited supervision,
• Positive and enthusiastic attitude,
• Accuracy and attention to detail,
• Focus on understanding the various systems and records, and performing reconciliations to ensure assets and liabilities are                matched,
• Ability to process bank reconciliation on a regular basis and resolve any outstanding issues timeously,
• Detailed record keeping and ability to follow up with various stake holders to ensure reconciliations are completed on time.

 

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