Job Description
This role is responsible for managing 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 the Fund Accountant:
- Daily management of bank accounts
- 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 are 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 online 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.
- Request investment management company statements to reconcile.
Education
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
Cultivate Innovation
Collaborates
Drives Results
Being Resilient
Adhering to Principles and Values
Highly Analytical
Adapting and Responding to Change
Planning and Organising
Following Instructions and Procedures
Coping with Pressures and Setbacks
Adhering to Principles and Values
Attributes
Positive, enthusiastic attitude
Teamwork
Ability to work under pressure
Honesty, integrity and respect
Self-starter and self confidence