MAIN ACTIVITIES:
Investment functions
­ Monthly capital reconciliations to Asset Managers’ month-end reports
­ Verifying and reconciling monthly withdrawals/contributions
­ Verifying and reconciling transition transactions
­ Monthly management fee reconciliations
­ Monthly custodian fees reconciliation
­ Monthly reconciliations of investment bank accounts
­ Verifying unitizing agent monthly returns
­ Collating and providing all FICA/account opening documentation
­ Processing and checking information received from unitizing agent in respect of quarterly Regulation 28 reports
­ Processing information received from asset managers for all quarterly report submissions due to the SA Reserve Bank and/or FSB (including timely submission thereof)
­ Compile Schedule IA for the annual financial statements and load AFS onto Magic to the point where it can be submitted to the FSB electronically
­ Reconcile year-end SARB report to Schedule IA
­ Quarterly reconciliation between the unitising agent and asset managers’ market values, for reporting to the BOT
­ Liaise with asset managers/investment advisors as and when required in respect of any new/existing investment transactions
­ Compiling relevant sections of the year-end audit file for review by Manager/Head within the relevant deadlines and according to the required deliverables of Verso and the auditor
­ Forward unsigned Declaration of Interest forms to Asset Managers and service providers bi-annually and save all responses received for reporting to the BOT
Accounting functions
- Daily processing of receipts and payments through the accounting system
­ Daily reporting on outstanding payments
­ Daily loading of payments into the banking system
­ Updating of the contribution register upon receipts of monies from each pay point
­ Monthly reconciliation of bank accounts and all relevant general ledger control accounts
­ Monthly cash flow reporting
­ Monthly investment reconciliations
­ Assume responsibility for monthly and ad-hoc creditor payments
­ Banking account maintenance in terms of signatory amendments and/or new accounts
­ Monthly updating of Fund schedules in respect of administration fees, consulting fees, reinsurance premiums, contributions, in preparation for year-end audit
­ Identifying and communicating any differences between amounts due and amounts paid/received in respect of monthly expenses/income and ensure resolved monthly
­ Compiling relevant sections of year-end audit files for review by Manager/Head within the relevant deadlines and according to the required deliverables of Verso and the auditors
­ Drafting Annual Financial Statements for review by Manager/Head may be required
­ Quarterly reporting to the SA Reserve Bank / FSB as required
­ Any additional tasks as assigned by the Senior Manager: Fund Accounting
­ Be willing and able to assist on tasks of fellow Fund Accountants whenever there is a need as a result of staff being on leave.

3. QUALIFICATIONS:
Matric with strong mathematical and accounting abilities
B Degree / diploma or equivalent

4. SKILLS REQUIRED:
Good verbal and written communication skills
Understanding of accounting principles
Articulate presentation and professionalism
Organised and good time management skills
Client service orientated
Attention to detail/accuracy/pride
Positive attitude and open to change
Proactive – uses initiative (Self-starter - able to self-motivate)
Must be able to work independently and under pressure
Strong work ethic

5. TECHNICAL KNOWLEDGE:
A good understanding of the Employee Benefits industry
Familiarity of accounting principles to the extent of company accounting and or pension fund accounting

6. TECHNOLOGY:
Extensive practical experience on Microsoft office (outlook, word, excel) and a suitable accounting package preferably Accpac.

7. WORKING EXPERIENCE:
Previous accounting experience within the employee benefits industry.
Contactable references