FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

Job Description
FUND ACCOUNTANT R 35k - R 30k pm - RONDEBOSCH, CAPE TOWN

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

Key Responsibilities:

1. 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

• Design a system to track covenants on loans made including (amongst others):
• identification of covenant requirements,
• requesting financial information from borrowers,
• interpreting the financial information and calculation of ratios, and
• 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

• 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:

• Loading FNB payments (manual and file uploads)
• Processing transactions in the loan administration system (contributions, surrenders, broker commissions, adjustments)
• Monthly reporting of portfolio valuations and transactions to clients
• 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

• Assist with borrower queries/reconciliations on an ad hoc basis

• Balance sheet reconciliations
• Processing of journal entries
• Assistance with:

• monthly review of income statement and balance sheet,
• VAT returns and
• tax calculation and preparation of tax returns
• invoicing

• Relevant tertiary qualification with a strong focus on commerce (BCom Accounting, Finance, Investments)
• Relevant experience of at least 1 year 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 our 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
• Strong with digital records