Fund Accountant - Fund Services - Institutional Client Services _ Cape Town

Recruiter:

Guardian Recruiting

Job Ref:

CPT000460/Tam

Date posted:

Tuesday, November 22, 2022

Location:

Capetown, South Africa

JOB SUMMARY:
To collate, calculate, process, investigate and check fund information in order to produce the Net Asset Values for the specific Funds which Our Client administers within defined deadlines and regulatory requirements

JOB DESCRIPTION:

Job Profile
Prepare, monitor, and capture cash movements (cash management), investment trades and update transactions on the accounting system to ensure an accurate and timely delivery of the NAV
Prepare and perform weekly/daily cash and stock reconciliations including proper investigation of all outstanding issues to ensure a timely resolution of any reconciling differences and no NAV errors occur
Monitor daily/monthly asset pricing and pricing sources for corporate actions to ensure securities are updated and valued correctly on the accounting system and no asset pricing errors occur in the valuation
Perform and check weekly/daily expense and accrual calculations to ensure that they are reflected correctly in the Net Asset value calculation
Prepare and produce an accurate NAV to ensure Reviewers discover no errors on work reviewed resulting in the timely delivery of the NAV’s
Proactively investigate queries with dealers; brokers; custodians; auditors and clients to ensure a timely resolution of all queries. Where applicable to communicate and escalate potential issues in a prompt and effective manner
Understand and implement company policies and procedures; client service level agreements and internal controls to ensure compliance thereof and no Custodian or external audit findings occur as a result of them not being applied
Monitor and perform weekly/monthly compliance checks to ensure all scheme particulars are adhered to and no concern is raised in Compliance’s reviews and reports.
Prepare and send out all valuation e-mails to a pre-defined distribution list to ensure all parties have been timely informed of the NAV
Prepare and complete all quarterly statutory returns to ensure specific funds regulatory requirements are fulfilled.
Accurately update and maintain the relevant sections in the delivery matrix to ensure all parties are aware of what has been completed and Oversight can promptly review the NAV where required
Monitor client mailboxes on a daily basis by resolving queries where possible or escalating where required
Assist supervisors during audits by providing supporting documents, reconciliations, and reports to auditors where required
Maintain investor registers and ensure only authorized changes are made and that these are done in a timely manner.
Subject to client approvals, respond to any investor queries that may arise
Prepare drawdown and distribution notices where requested from the General Partner
Prepare capital account statements

Minimum Requirements
Excellent numeracy skills
High level of accuracy and excellent attention to detail
Works well under pressure
Strong problem-solving abilities
A relevant tertiary qualification including Accounting; Finance; Investments
Completed 3 year SAICA/SAIPA articles
Relevant experience in a similar role in financial services

Kindly note that by submitting your application for this career opportunity you agree that Guardian Recruiting may use your application for the purpose of the recruitment and selection of the said position and this information may be shared with the relevant stakeholders in the business.

Please note that only shortlisted candidates will be contacted.

Should you not have heard back within a two-week period, please assume that your application was unsuccessful.
All job postings are in accordance with our Client's BEE requirements

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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