Cape Town: Fund Accountant – Post Investment Monitoring posted by Rory Mackie & Associates

Job Summary

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

Key Responsibilities
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
Covenant tracking:
Design a system to track covenants on loans made including (amongst others):
o identification of covenant requirements,
o requesting financial information from borrowers,
o interpreting the financial information and calculation of ratios, and
o 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
Investor administration:
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:
o Loading FNB payments (manual and file uploads)
o Processing transactions in the loan administration system (contributions, surrenders, broker commissions, adjustments)
o Monthly reporting of portfolio valuations and transactions to clients
o 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
Loan administration:
Assist with borrower queries/reconciliations on an ad hoc basis
Accounting/ management accounting:
Balance sheet reconciliations
Processing of journal entries
Assistance with
o monthly review of income statement and balance sheet,
o VAT returns and
o tax calculation and preparation of tax returns
o invoicing

Experience Required
Relevant experience of at least 2-5 years 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 the 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, and
Strong with digital records
Relevant tertiary qualification with a strong focus on commerce (BCom Accounting, Finance, Investments

Key Competencies
Self-starter who is willing to take on responsibility for a wide array of tasks,
Highly methodical with strong interest in portfolio administration,
Ability to work under pressure with limited supervision,
Positive and enthusiastic attitude,
Accuracy and attention to detail,
Focus on understanding the various systems and records, and performing reconciliations to ensure assets and liabilities are matched,
Ability to process bank reconciliation on a regular basis and resolve any outstanding issues timeously,
Detailed record keeping and ability to follow up with various stake holders to ensure reconciliations are completed on time.

Fund Accountant – Post Investment Monitoring position available in Western Cape, Cape Town. This job position was posted by Rory Mackie & Associates. The job has been posted as a premium ad on 2025-01-18 at 13:01:36 in the Finance Accounting category

Click Go Apply to apply online!

You might also like to look at the available jobs in the same area.

Here are some more related positions

Email Alerts

Click the button below and submit your email to receive email alerts with the latest jobs.
This service is offered by Result Generation
We do not save your information, and your email is the only information we forward to the service.
If you wish to unsubscribe, please click here

Subscribe to Email Alerts

×

Subscribe to Email Alerts.

To receive email alerts with the latest jobs. Please enter your email address to subscribe.

Email:

Subscribe to Email Alerts

Powered by