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Sandton: Fund Accountant

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Job Description

Financial reporting and management of the 3rd Party Funds that IDC Manages or Administers. Key functions of the position include: Daily Tasks • Acting as checker, releaser for IDC payments (AP process) • Acting as poster for all Fund related transactions into the SAP system • Calculating expected returns for funds in line with the funds department and maintaining the same in SAP • Assisting with ad-hoc tasks as requested • Prepare or review for posting the journals and duly authorised payments • Review payment proposals • Provide financial support and advice to fund managers Monthly Tasks • Cash updates to Fund Managers including inflows, disbursements, commitments (Monthly Dashboard) • Provide financial support and advice to fund managers • Updating or reviewing of the interest on IDC company as well as on each Fund • Reconciliations of Cash balances of for 3rd party funds • Review and posting the journals and Funds payments • Reporting on 3rd party funds and cash balances for the IDC company Quarterly Tasks •Recording IMC adjustments (ECL) to Funds that extend loans (MCEP, KIPP, CTFLGP etc.) as ECL runs are completed •Quarterly financials update (Quarterly dashboard) for fund reporting by fund managers to relevant departments •Monitoring of all collateral relating to Funds that disburse loans Annual Tasks •Annual preparation of financials in accordance with relevant accounting framework •Managing the external audit of each of the funds (and liaising with loans, FAV, CSG, Risk departments) for necessary input •Keeping all loan related funds up to date in terms of IFRS 9, day 1 calculations, modifications etc. •Preparing the annual cash balance confirmations for the IDC Audit •Manage the impairment and fair value of financial instruments • Degree in Accounting or related field • CA(SA) qualification advantageous • 5 years’ experience in the private or DFI space with strong IFRS experience • Knowledge of public sector regulations and PFMA experience – Desirable • Experience with IFRS 9 and accounting for expected credit losses – Desirable • Experience dealing with internal and external auditors and stakeholder management • Relationship building skills – stakeholder management skills • SAP SAPDM Skills – desirable

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How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Accounting / Finance Jobs in North Johannesburg

North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.

When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.

Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.

The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.

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For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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