Fund Accounting Specialist

Are you looking for a new opportunity in Fund Accounting?  My client, based in Bellville is hiring!!!

Responsibilities

• Banking
• Review and set up of users online banking access
• Check that bank statements are updated and bank reconciliations are done accurately and on time
• Cash flow management of funds and forecasting of cash requirements in line with the funds policies
• Oversee and enhance the relationship with the funds bankers
• Oversee and manage existing system controls and introduce new enhancements to streamline workflow and mitigate risk factors
• Preparing and maintaining standard operating procedures
• Development, implementation and management of effective financial controls
• Preparation of fund accounts in line with the fund/s accounting policies and implementation of any changes.
• Ensure adherence to the Service Level Agreement (SLA) of the funds
• Checking all monthly reconciliations (Accounts Receivable & Accounts Payable)
• Preparation and review of monthly working papers reating to ledger accounts (GL)
• Ensuring that all systems in the department are in a working conditios
• Investments
• Liaising with fund managers, brokers, and custodians to communicate information and resolve issues on a timely basis
• Monitor and control investment / disinvestment with the respective Investment Managers
• Ensure accurate loading of daily unit prices
• Ensuring Investments are balanced accurately (ALM)
• Audit
• Planning and coordination of the audits to ensure the audit function is executed on a timely and efficient basis
• Checking of audit files and working papers for submission to the Fund Accounting Manager
• Preparation of the annual financial statements
• Providing responses on audit requirements ensuring all audit issues are resolved, and all compliance issues are met
• Implementing recommendations from the auditors
• Electronic submission of financial statements to the FSCA
• Valuation
• Preparation of member data pertaing to the the valuation of the fund
• Liaising with the actuary for the timeous valuation of the fund
• Implementing recommendations from the valuator to Legislative
• Provide oversight and play a leadership role in the Compliance Management function to ensure that the company compliance framework and policies are properly embedded and implemented in the business
• There is regular reporting on compliance breaches and progress on mitigation and management plans
• Administrative penalties as a result of compliance breaches are minimised
• Manage the performance of Compliance operational activities within to minimise compliance risk through adherence to policies, procedures, and guidelines and in accordance with regulatory requirements
• Working closely with the senior Management to ensure that all key risks are identified and are adequately communicated to the relevant business owners
• Reporting
• Checking monthly management accounts and cashflow statements
• Drafting of the annual budget for the funds and monthly tracking of the funds income and expenses against the budget
• Provide relevant information for the preparation of funds board packs
• Oversee the production of monthly management reports (internal)
• Ensure that monthly compliance reporting is accurate, of a high standard and properly reviewed (internal)
• Communicate to management with regard to any fraudulent activities and misrepresentation of information
• Ensure adherence to customer and service provider SLA's

Requirements:

• BCom Accounting
• 5 Years experience in Retirement Funds
• Advanced Excel

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