Jul 12, 2018

Fund Accounting Officer

  • Intelligent Placement
  • Woodstock, Cape Town, South Africa
Full time Accounting

Job Description

Our client based in Woodstock, Cape Town is looking for a Fund Accounting Administrator within their Financial/Investment department. If you have the following behavioural competency and 1 to 4 years post article experience, we look forward to receiving your application.

Behavioural Competency
Outstanding analytical, numerical and reasoning skills.
Good organisational skills.
Discretion when dealing with confidential information.
Strong communications skills in both written and verbal.
Driven and personally motivated to succeed.
Creative, innovative with excellent problem-solving skills.
The ability to meet pressurized deadlines is essential.
Persistent, methodical and detail orientated.
Ability to follow rule, procedure and policies.

Duties include the following, but not limited to:
Working with other colleagues to get the following regular tasks completed:
Responsibility as part of a team for Fund Accounting daily processes, adhering to daily deadlines.
Meeting client deadlines in terms of various service level agreements.
Responding to client queries including liaising with various data provider platforms.
Preparation and assistance with yearend audits and interim financials according to IFRS requirements.
Compliance - regulatory reporting.
Department administrative functions.

Daily pricing:
Extract prices from price feed and update into system
Daily expense and income accruals
Daily monitoring of scrip and cash
Reporting of daily NAVs
Review of trial balance for each fund for accuracy and reasonableness

Reconciliation of all balances to external sources Corporate actions:
Track and record corporate actions
Highlight complex corporate events in advance and be able to implement and understand the accounting aspects of the events

Portfolio trades:
Trade monitor, capture, settlement – equity, money market, CIS trades
FX trade monitoring, execution, capture, settlement
Liaising with brokers, custodian, investment manager to resolve any issues arising from trades

Ensure compliance with client’s mandates and industry standards.
Daily, monthly, quarterly, annual extraction of data for compliance purposes; ability to apply analytical skills to identify problem areas in any data

Preparation and/or review of regular and ad hoc management reports
Daily/quarterly/semi-annual/annual reporting in terms of financial regulator/investment manager/custodian/director requirements
Assist in the provision of information in the preparation of financial statements in terms of IFRS
Preparation and assistance with the annual audit
Performance calculations

Systems integration:
Ensure integration across all systems
Perform system reconciliations on a daily basis

Regularly update of procedure manuals
Willingness to independently maintain up to date knowledge of the industry and applicable legislation
Willing to embrace new systems and procedures
Maintain good relationships with brokers/custodian and set up new relationships and accounts where required.

Must be AGA(SA), Should have completed SAICA Articles.
1-4 Years of Post Article experience
Degree in Commerce/Honours Degree in Commerce
Must have ability to effectively communicate in a business environment in English using written and verbal communication.
Financial Services working experience and working knowledge of Investone, Decalog, Xamin and Tax8 would be an added advantage.
Preference will be given to candidates with Advanced Microsoft Excel skills, and who are familiar with Bloomberg and Reuters Terminal Services.

Salary: Market related

Application Process:
It is imperative that when applying for this position you make use of the reference number otherwise your application will not be considered

Vacancy Reference no: CPT001895/FS 

To apply for the above mentioned position, please e-mail your CV to us

If you don’t hear from us within 3 weeks of your application, please consider your application unsuccessful

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