Role Overview The Senior Fund Accountant is responsible for the fund accounting function of the SALT Umbrella Provident / Pension Funds. The senior Fund Accountant also assists on all operational matters as they relate to the management of the Fund Accounting portfolio. Areas of Responsibilities Operational Banking Set up payments on banking, extract bank statements 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. Prepare monthly investment reconciliations. Ensure accurate loading of daily unit prices Ensure accurate loading of cashflow unit prices Ensuring Investments are balanced accurately (ALM). SARS Submission of monthly EMP201 and Bi annual 501 recons SARS queries and resolution 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/s. Liaising with the actuary for the timeous valuation of the fund/s. Implementing recommendations from the valuator. Legislative Provide oversight 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. Monitor the performance of Compliance operational activities within Salt EB to minimise compliance risk through adherence to policies, procedures, and guidelines and in accordance with regulatory requirements. Working closely with the management to ensure that all key risks are identified and are adequately communicated to the relevant business owners. Reporting Preparing monthly management accounts, cashflow statements and investment recons. 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. SARB and C48 reporting Ensure that quarterly Reg 28 compliance reporting is accurate Communicate to management with regard to any fraudulent activities and misrepresentation of information. Customer Ensure adherence to customer and service provider SLAs. People Assist administrators with accounting issues. Education & Qualifications Com. Accounting Degree or similar qualification. Essential Knowledge, skills and Experience At least 3 years experience in a similar role 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.
