Role Purpose
The purpose of the Investment Accountant Intern role is to provide support to the Investment Accounting team through accurate monitoring, reconciliation, and reporting of investment data across multiple portfolios. This role aims to build foundational experience in investment accounting, financial markets, and reporting processes while contributing to the smooth functioning of the organisation's investment operations.
Requirements
Bachelors of Commerce (Accounting/Finance/Investments).
Knowledge of financial markets and instruments desirable.
Knowledge of relevant accounting principles.
Knowledge of relevant accounting system desirable.
1-2 years' relevant experience essential.
Experience in the financial services industry desirable.
Duties & Responsibilities
Daily Investment Monitoring & NAV Support
Monitor, identify, and investigate discrepancies and unusual variances in market prices and movements per asset manager on Benchmark Verifier to ensure accurate market values for daily NAV calculations.
Keep abreast of financial markets daily to detect and correct unusual movements in time.
Assist with finalising daily net asset values per asset manager on Benchmark Verifier and follow up on any discrepancies.
Liaise with investment consultants and the unitisation provider regarding daily cash flows and unit price reconciliations.
Prepare and submit daily cash flows to the Unitisation department for unit price calculations.
Trial Balance & System Processes
Assist with verifying and finalising the import of each Portfolio Manager's Trial Balance from Benchmark Verifier into Benchmark Unitiser.
Finalise the monthly trial balance per asset manager on Benchmark Verifier and follow up on any discrepancies.
Assist with finalising the trial balance per fund on Benchmark Unitiser for import into Great Plains.
Reconciliations & Controls
Assist with data reconciliation, including inter-fund transfers and cash flows.
Learn to perform monthly balance checks of balance sheet and trial balance items to ensure accounting accuracy.
Ensure correctness of market values and follow up discrepancies with investment consultants.
Maintain financial control procedures and ensure compliance with IAS and internal policies.
Identify and report overdrawn bank accounts and claim interest from asset managers/custodians.
Reporting & Financial Statements Support
Provide accurate and timely consolidated financial reports for all funds on a monthly basis to Fund Accounting.
Learn how to compile investment notes for inclusion in financial statements for all funds.
Liaise with investment consultants for inclusion of investment notes in financial statements to ensure regulatory compliance.
Assist with Fund Accounting tasks, including daily/monthly ledger reconciliations, working papers, and AFS preparation.
Regulatory & Stakeholder Reporting
Assist with compiling and coordinating monthly and quarterly investment reports according to SLAs.
Assist with quarterly SARB reporting and C48 submissions.
Assist with compiling quarterly Regulation 28 reports.
Liaise with asset managers, custodians, investment consultants, and SARB where required.
Provide support to internal and external auditors on an interim basis.
Competencies
Accountability.
Administration skills.
Critical thinking.
Numerical & Analytical skills.
Planning and organising.
Team player.
Problem-solving skills.
Attention to detail.
Microsoft Excel skills.
Closing Date
2026/03/10