Job Description

Job Summary

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 SLA's.

• 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 KPA's.

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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