Purpose of role:

The role will require the incumbent to review SEBs accounting records, operational data, and financial records to ensure their financial records are accurate and in line with generally accepted accounting principles and FSCA requirements. They inspect the accounts of the Funds, identifying issues and making recommendations for resolution. S/he will also contribute toward risk management measures and cost savings.

Operational requirements :

• To ensure collating, checking and analyzing data and examining funds accounts and financial control systems.
• To further gauge levels of financial risk within the Fund Accounting Business Units and ensure that financial reports and records are accurate and reliable.
• Develop and maintain systems of internal controls to safeguard financial assets of the funds and oversee programs, the coordination and activities of independent auditors ensuring that all financial reports and records are accurate and reliable.
• To manage a portfolio of Funds, ensuring that the audits of the Funds run smoothly and deadlines are met.
• Implementing and maintaining standard operating procedures relating to audits throughout the Fund Accounting department
• Coaching and training junior staff on engagements directing them per the SEB methodology and the Pension Funds Act.
• Ensure compliance with regulatory requirements through adherence to policies, procedures and guidelines.
• Stay abreast of the latest industry developments and changes in legislation and statutory requirements to ensure compliance and timeous implementation of requirements.
• Organising and facilitating the planning meetings to ensure team coherence and understanding of the client service objectives, risk areas, the clients business, the relevant deliverables, and their deadlines.
• Reviewing audit teams work before assigning to the Snr Manager Fund Accounting for review.
• Review various data analytics tools, which can be utilized audits to produce quality, work faster at the same time fulfilling the audit imperatives for the year.
• Planning the audit work-Preliminary analysis of the trail balance, understanding the entity and environment, budgeting, determining materiality and reading minutes to identify significant matters to be noted during the audit and to understand the Fund.
• Understanding the clients business processes, controls and identifying weaknesses in the system and making recommendations
• Ensuring the client adheres to the Pension Funds Act and the regulations per the Financial Sector Conduct Authority and other regulatory bodies.
• Ensuring that the investments were invested within the prescribed investment strategy and that the administrator has invested the monies per the client mandates and testing the investments to ensure that all risks identified have been appropriately addressed.
• Ensuring that all audit queries have been adequately cleared by the team members.
• Standardising audit working papers.
• Establish audit objectives and assist in the development of the audit program, including time estimates, plan of work, and steps necessary to collect data and document findings.
• Develop audit tests that maximize the efficiency and effectiveness of the audit process, ensuring a high degree of assurance.
• Perform audits in accordance with professional and Company standards.
• Assist in ensuring adequate audit planning occurs to obtain an underlying understanding of the business process, ensuring a high degree of assurance.
• Participate in planning special projects to meet the needs of management.
• Participate in coordinating and performing audit assignments, reviewing the efficiency and effectiveness of departmental operations, the adequacy of internal controls, and verifying compliance with regulatory and contractual requirements.
• Execute audit work to assess the adequacy of the Accounting/Finance control environment supporting the identified business processes and their related risks.
• Review the reliability and integrity of Accounting/Finance processes and the internal control systems used to report such information.
• Review various internal controls established to ensure compliance with applicable policies, plans, procedures, laws, and regulations.

RECORD KEEPING AND FILING

• Ensure all documentation relating to funds are saved in the member profile on the system.
• Ensure appropriate notes are recorded in the member profile on the system.
• Full fund administration system filing.

REPORTING

• Prepare, analyse and present ad hoc reports as and when requested.
• Prepare, analyse and present an accurate report for Trustees meetings.
• Have the ability to report at Trustee meetings.

QUERY RESOLUTION

• Provide assistance to Employers or service providers where necessary.

INNOVATIVE & TEAM PLAYER

• Be able to work independently with minimal supervision.
• Build and maintain supportive relationships both internally and externally.

RELATIONSHIP MANAGEMENT

• Build and maintain positive relationships with all clients and service providers.
• Build and maintain supportive relationships with teams internally.
• Ensure that all communication sent internally and externally is dealt with professionally.

TIME MANAGEMENT

• Devote all your time, attention and abilities during working hours to the discharge of your duties.
• Meet production standards in terms of quantity and quality.
• Manage work outflow timeously.

Qualifications:

• BCompt Accounting with completed articles
• MBA Preferable
• 10 years experience in a similar position
• Employee Benefit Administration experience

Account Required Packages

• Everest
• Caseware

Organizational Values:

• Ensure adherence to all organizational objectives.
• Devote the whole of your time, attention and abilities during working hours to discharge of your duties with strict accuracy.
• Use your best endeavours to properly conduct, improve, extend, develop, promote, protect and preserve the business interest, reputation and goodwill of the company.
• Any other duties as determined by the business needs and to participate in all organisational events as required.

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