FUND ACCOUNTANT R 35k - R 30k pm - RONDEBOSCH, CAPE TOWNOur market leading client is looking for a competent and skilled Fund Accountant to be part of the Post Investment Monitoring team who can ensure, on a regular basis that our fund liabilities are reconciled to our fund assets, track loan covenants and support the PIM team with loan administration, reconciliations and queries and assist with general company accounting.Key Responsibilities:Reconciliation of assets and liabilities:Reconciliation of accounting and loan system to ensure assets and liabilities match, this includesCapture of banking transactions in XeroCovenant tracking:Design a system to track covenants on loans made including (amongst others):Identification of covenant requirementsRequesting financial information from borrowersInterpreting the financial information and calculation of ratiosIdentification of breachesMonthly reporting on status of covenantsPreparation of quarterly covenant reporting pack to Investment CommitteeEnsure all relevant documents are saved on the loan system in a methodical mannerInvestor administration:Tracking of inflow bank accountReview FICA documentation obtained for new investorsMaintain overview of when FICA needs to be renewedAssist 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 clientsMonthly reporting to IFAsAssist in process of updating FICA for all existing investorsSupporting the management and co-ordination of team deliverables relating to projectsMaintain control over saving of investor documentationLoan administration:Assist with borrower queries/reconciliations on an ad hoc basisAccounting / management accounting:Balance sheet reconciliationsProcessing of journal entriesAssistance with:Monthly review of income statement and balance sheetVAT returnsTax calculation and preparation of tax returnsInvoicingRequirements: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 managementRelevant exposure to investment reporting systemsStrong reconciliation skillsRely on a working knowledge of business accounting (preferably Xero) and fund accountingUnderstand unlisted loans (although our loan setup 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 covenantsUnderstanding FICA requirements in relation to new and current investorsHave strong Excel skillsEnjoy and leverage off strong interpersonal & communication (written and oral) skillsAbility to work independentlyBe proficient in PowerPoint, Excel, Word, and digital workspacesStrong with digital records
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