Associate - Fund Administration (Fund Accounting)

3 weeks ago

Cape Town, South Africa The Catalyst Group Full time

Hello

The world is a mess right now. So, we’re shaking it up even more - in a good way - and specifically in the financial fund management and admin service space. Just the words “finance” and “admin” sound pre-historic. But we’re adding faster thinking, intuitive tech and a great people touch to a field that’s been a bit sluggish of late. In short, Catalyst finds new ways to give clients what they really need, when they need it and in a way that is so simple and obvious - they didn’t even know how much they needed it until they met us.

Catalyst at a glance
- What: A high-tech, people-first, data-driven, digital fund administration firm for hedge and private equity funds.
- Who: Experienced alternative investment professionals taking fund services to a new
- How: A combination of relationship management, best-of-breed technology, integration, digitization and always-on automation.
- And: We’re already a front-runner of solutions in digital assets and alternative fund

The right fit

Fast thinking, top-end tech and phenomenal always-on client service aside, our culture is pretty much everything. Our edge lies in our people. So, when you meet us, you will either feel like you’ve found the home you never knew you were missing, or we rub you up the wrong way. It’s critical that we click.

But enough about us. Let’s talk about you.

Who we are looking for

The job is based in our Cape Town office, in South Africa. You will report to the Associate Director - Fund Administration (Fund Accounting) and your role will be to:

- Support the operations team to calculate the Net Asset Value of your assigned funds, including investor allocations.
- Lead client communications and audit point of contact

What we need from you

On the daily

Acting as a primary point of contact, from a day-to-day service delivery perspective, for the book of clients falling under the team’s supervision:

- Booking of expenses - monitor bank accounts and client communications for expense payments to be booked in the accounting system.
- Trade Capture - Setup of Trade Interface, Complex OTC Instruments using ETL tools.
- Fee calculations and accruals - calculating the management fees and carried interest/performance fees for the funds along with calculating the accruals for the period.
- Pricing & Valuation - Pricing all investments held by the fund, whether through Bloomberg or third party support pricing.
- Reconciliation - Processing the Trade, Positions, PNL and Cash reconciliation, Futures and Forward reconciliation. Including the setup of new reconciliation templates using data management tools.
- Interactions and assistance in the management of new business client implementation process and taking the process to the finish line by rolling the NAV packs when required.
- Manage the year-end audit and financial statement prep process for all assigned funds.
- Supporting the business by primarily focusing on the Setup & Client Onboarding and ongoing with the Client Implementation function and lead the operations team to launch all aspects of System Setups, Interface programming and portfolio reporting for client deliverables. This involves the understanding of the structure, capital activity process, waterfall calculation and other valuation intricacies relating to closed ended funds and open-ended funds.
- Supporting the business to build and meet the target operating model for private equity and hedge funds.
- Training & Development - Training junior staff on Interface Mapping, Workflow/Job, Pricing, Batch Reporting and Custom Reporting

The art of artful thinking
- Provide ad-hoc day-to-day support on requests that come.
- Work with clients on any demand they may have that Catalyst can assist.
- Share insights to enable development of new processes and procedures that will create business efficiency and support delivery of client excellence in service.
- Maintain awareness of industry, regulatory, jurisdictional, and other trends that could affect the business.
- Contribute to the creation, development and implementation of new products and solutions to accommodate changing customer needs.
- Collaborate cross-functionally with operations staff, business users, and implementation managers to achieve desired and elegant solutions.

Skills & Experience
- A Bachelor’s degree in Accounting, Finance, Economics, Business, or similar field
- A minimum of 2-3 years’ professional experience in the Fund Administration industry
- Strong understanding of asset management / wealth management industry with a specific focus on private equity and hedge fund structures and the necessary fund administration requirements
- Innovator & self-starter with high energy and drive.
- Expert level use of Microsoft Office tools, especially Excel
- Fluent in English (writing & speaking)

You’ll get an extra edge if you also:

- Think strategically, balancing the current & future demands of the business.
- Have an innovative/entrepre

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