Fund Accounting Administrator
CAPE TOWN
R 29 000
Job Summary
• The core function of this position is to perform fund accounting, daily valuation, and determination of NAV and daily pricing of both segregated and pooled portfolios.
Job Description
Working with other colleagues to get the following regular tasks completed
• Responsibility as part of a team for Fund Accounting daily processes, adhering to daily deadlines.
• Meeting client deadlines in terms of various service level agreements.
• Responding to client queries including liaising with various data provider platforms.
• Preparation and assistance with yearend audits and interim financials according to IFRS requirements
• Compliance - regulatory reporting.
• Department administrative functions
Daily pricing
• Extract prices from price feed and update into system
• Daily expense and income accruals
• Daily monitoring of scrip and cash
• Reporting of daily NAVs
• Review of trial balance for each fund for accuracy and reasonableness
Reconciliation of all balances to external sources Corporate actions
• Track and record corporate actions
• Highlight complex corporate events in advance and be able to implement and understand the accounting aspects of the events
• Portfolio trades
• Trade monitor, capture, settlement – equity, money market, CIS trades
• FX trade monitoring, execution, capture, settlement
• Liaising with brokers, custodian, investment manager to resolve any issues arising from trades
Compliance
• Ensure compliance with client’s mandates and industry standards.
• Daily, monthly, quarterly, annual extraction of data for compliance purposes; ability to apply analytical skills to identify problem areas in any data
Reporting
• Preparation and/or review of regular and ad hoc management reports
• Daily/quarterly/semi-annual/annual reporting in terms of financial regulator/investment manager/custodian/director requirements
• Assist in the provision of information in the preparation of financial statements in terms of IFRS
• Preparation and assistance with the annual audit
• Performance calculations
Systems integration
• Ensure integration across all systems
• Perform system reconciliations on a daily basis
General
• Regularly update of procedure manuals
• Willingness to independently maintain up to date knowledge of the industry and applicable legislation
• Willing to embrace new systems and procedures
• Maintain good relationships with brokers/custodian and set up new relationships and accounts where required.
Reporting Structure
• Reports to Investment Administration Supervisor.

Qualification Requirement
• Degree in Commerce
• Honours Degree in Commerce
Minimum Experience in years & Skills
• Must have ability to effectively communicate in a business environment in English using written and verbal communication.
• Financial Services working experience and working knowledge of Investone, Decalog, Xamin and Tax8 would be an added advantage.
• Preference will be given to candidates with Advanced Microsoft Excel skills, and who are familiar with Bloomberg and Reuters Terminal Services.
Competencies (Attribute & proficiencies, soft-skills)
• Outstanding analytical, numerical and reasoning skills.
• Good organisational skills.
• Discretion when dealing with confidential information.
• Strong communications skills in both written and verbal.
• Driven and personally motivated to succeed.
• Creative, innovative with excellent problem solving skills.
• The ability to meet pressurized deadlines is essential.
• Persistent, methodical and detail orientated.
• Self-disciplined.
• Ability to follow rule, procedure and policies.