FUND ACCOUNTANT - R 35k - R 30k pm - RONDEBOSCH

• Reconciliation of accounting and loan system to ensure assets and liabilities
  match, this includes
  
  
• Capture of banking transactions in Xero
  
  

• Design a system to track covenants on loans made including (amongst others):
  
  

• identification of covenant requirements,
  
  
• requesting financial information from borrowers,
  
  
• interpreting the financial information and calculation of ratios, and
  
  
• identification of breaches
  
  

• Monthly reporting on status of covenants
  
  
• Preparation of quarterly covenant reporting pack to Investment Committee
  
  
• Ensure all relevant documents are saved on the loan system in a methodical
  manner
  
  

• Tracking of inflow bank account,
  
  
• Review FICA documentation obtained for new investors,
  
  
• Maintain overview of when FICA needs to be renewed,
  
  
• Assist with handling queries efficiently to ensure resolution of both internal and
  external client queries (in conjunction with the PIM team),
  
  
• Assist with investor administration requirements, if necessary, including:
  

• Loading FNB payments (manual and file uploads)
  
  
• Processing transactions in the loan administration system (contributions,
  surrenders, broker commissions, adjustments)
  
  
• Monthly reporting of portfolio valuations and transactions to clients
  
  
• Monthly reporting to IFAs
  
  

• Assist in process of updating FICA for all existing investors
  
• Supporting the management and co -ordination of team deliverables relating to
  projects
  
• Maintain control over saving of investor documentation
  
  

4. Loan administration

• Assist with borrower queries/reconciliations on an ad hoc basis
  
  

• Balance sheet reconciliations
  
  
• Processing of journal entries
  
  
• Assistance with:
  

• monthly review of income statement and balance sheet,
  
  
• VAT returns and
  
  
• tax calculation and preparation of tax returns
  
  
• invoicing
  

Requirements

• Relevant tertiary qualification with a strong focus on commerce (BCom Accounting,
  Finance, Investments)
  
• Relevant experience of at least 1 year in a Fund Accounting position gained in
  fund services / asset management
  
• Relevant exposure to investment reporting systems
  
• Strong reconciliation skills
  
• Rely on a working knowledge of business accounting (preferably Xero) and fund
  accounting
  
• Understand unlisted loans (although our loan set up is quite simple)
  
• Ability to read and interpret key financial statements: balance sheets, income
  statements, and cash flow statements and calculate key financial ratios tied to
  covenants.
  
• Understanding FICA requirements in relation to new and current investors
  
• Have strong Excel skills
  
• Enjoy and leverage off strong interpersonal & communication (written and oral) skills, Ability to work independently
  
• Be proficient in PowerPoint, Excel, Word, and digital workspaces
  
• Strong with digital records