JOB OVERVIEW

The Senior Fund Accountant provides both operational and programmatic support to the Fund Accounting team. The Senior Fund Accountant provide technical support and training to the Fund Accountant/s. The Senior Fund Accountant reports to the Fund Accounting Manager and assists on all operational matters as they relate to the management of the Fund Accounting portfolio.

RESPONSIBILITIES

Operational

• Banking
  • Review and set-up of users online banking access.
  • Checking and approving payments.
  • Check that bank statements are updated and bank reconciliations done accurately and on time.
  • Cashflow management of funds and forecasting of cash requirements in line with the funds policy/ies.
  • Oversee and enhance the relationship with the fund/s bankers.

• Accounts
  • 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 fund/s.
  • 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 condition.
• 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.
  • Liaising with the actuary for the timeous valuation of the fund/s.
  • Implementing recommendations from the valuator.
• Valuation
  • Preparation of member data pertain to the the valuation of the fund/s.
  • Liaising with the actuary for the timeous valuation of the fund/s.
  • Implementing recommendations from the valuator.
• 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 minimized.
    • Manage the performance of Compliance operational activities within Salt EB to minimize 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 fund/s and monthly tracking of the fund/s income and expenses against the budget.
  • Provide relevant information for the preparation of fund/s 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.

• Customer
  • Ensure adherence to customer and service provider SLAs.

• People
  • Develop a high performing team by embedding formal performance development and informal coaching. Implement talent acquisition, engagement and recognition process in line with this.
  • Assist administrators with accounting issues.
  • Effective team management and coordination of financial activities at all levels.
  • Headcount & Retention.
  • Timekeeping – Managing teams leave and time keeping (RTW).
  • Training & Development – Making sure all team members understand to adhere to processes.
  • Succession planning.
  • Innovation, Learning and Growth
    • Ensuring that functions and processes are aligned within the department.
    • Improving the internal controls to address any weaknesses that may arise.
    • Prepare training manuals used in the fund accountant department.
    • Authorising and co-ordinating staff leave.
    • Preparing and assessing of staff KPAs.

QUALIFICATIONS

• Com. Accounting Degree or similar qualification.
• Matric (Grade 12) certificate with Mathematics and Accounting.

ESSENTIAL

• At least 5 years experience in Retirement funds.
• Evidence of managing a small medium, but effective team.
• Computer Literate (Microsoft Office, Excel advance, Work).
• Everest knowledge required.
• Caseware knowledge will be an advantage.
• Good communication skill.
• Deadline driven.
• Leadership skills.

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