Job Description

Role Overview:

The Senior Fund Accountant provides both operational and programmatic support to the Fund Accounting team. The incumbent will provide technical support and training to the Fund Accountant/s. They will report to the Fund Accounting Manager and assist on all operational matters as they relate to the management of the Fund Accounting portfolio.

Areas of Responsibilities Key Activities:

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.

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 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 minimised.
• Manage 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 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.

Qualifications:

B.Com. Accounting Degree or similar qualification

Essential Knowledge, skills and Experience

• At least 5 yearsxe2x80x99 experience in Retirement funds.
• Evidence of managing a small xe2x80x93 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.

Salt Employee Benefits