What will you do?
This role is responsible to manage operational activities and processes related to bank reconciliations, broker and fee activities, and to perform reconciliations to the market as confirmed by the Investment Management Company whilst managing risk.
Key Outcomes
The following outcomes will be expected to be achieved by Fund Accountant:
Daily management of bank account.
Processing daily investment and disinvestment instructions timeously.
Compile monthly bank reconciliations and cashflow analysis as per procedure.
Monthly fee reconciliation for broker commission.
Administration fee reconciliations completed timeously.
Dailly commission fees run from Compass.
Exception reporting and investigation for fee anomalies.
Monthly upload of global fees/perform conversions.
General queries i.e. negative fees appearing on daily commission file.
Performing trail commission reconciliations and liaising with offshore MANCOs for quarterly statements.
Perform daily reconciliations for transactions captured on line of business system to those transacted in the market as confirmed by the investment managers.
Identify exceptions or differences and liaise with investment managers and internal business teams to resolve.
Reconcile transactions on the investment manager recon and submit to the line manager for sign-off.
Prepare asset and liability report between client asset and Investment Management Company held by the investment management companies.
Prepare stakeholder reports, i.e. Nomco and Board reports.
Prepare market switches to clear AVL differences.
Request investment management company statements to reconcile.
Qualifications and experience
Diploma in Accounting / Finance Management or equivalent NQF level 5 (essential)
3 - 4 years' experience in reconciliations and finance administration in a LISP environment
Intermediate Microsoft Excel skills
Competencies
Client Focus
Cultivates Innovation
Collaborates
Drives Results
Being Resilient
Adhering to Principles and Values
Highly Analytical
Planning and Organising
Following Instructions and Procedures
Attributes
Positive, enthusiastic attitude
Teamwork
Ability to work under pressure
Honesty, integrity and respectSelf-starter and self confidence
What will make you successful in this role?
Qualification and Experience
Grade 12 with 3 to 5 years related experience.