Senior Fund Accountant – Retirement Funds, Johannesburg

Main Purpose:

Maintain a portfolio of funds by finishing daily, monthly, and quarterly chores, creating yearly financial statements of the highest quality for customers by 4 months of the Fund's year-end, and coordinating and facilitating the filing of financial statements to FSB within 6 months. This position is essential to upholding our continued commitment to excellence in the production of outstanding Annual Financial Statements and the linked procedures that influence its production.

Formal Qualifications:

• Matric (Grade 12) with 5 years or more Retirement Fund accounting experience and studying towards relevant Accounting degree or Relevant Accounting Degree/ Tertiary Qualification

Required Experience:

• Minimum 5 years Industry related experience (Advantageous)
• Computer literate in MS Office Suite ( Advanced MS Excel a must)
• Strong verbal and written communication skills

Operational Effectiveness:

• Successfully complete reports for all Funds for review within portfolio within 45 days of the quarter end to the Reserve Bank
• Produce quality financial statements 2 weeks prior to the commencement of an audit
• Ensure that all financial statements are released to clients within 4 months or per client SLA and signed for submission to the FSB within 6 months after year end.
• Completion of monthly Asset and Liability Matching queries with no highly significant issues
• Maintaining and prepare all funds destined for closure
• Resolving all queries to FSB within the required 30 days from receipt
• Ensure 100% compliance rating on internal audits
• Embrace any technological advancement to gain operational maximum efficiencies
• All processes and document storage for to saved on SharePoint /on server/ on Fundi, no shared documents to be saved on desktop
• Management of bank account justifying the bank account balance and processing all investments and disinvestments instructions timeously
• Compile Trustee cashflows and bank recons as per procedure monthly / as per requirements
• Ensure all fees and premiums are paid monthly and timeously per procedure
• Adhoc Invoices are paid within 3 days of receipt/ or on receipt of disinvestment from market.
• Adherence to procedures to avoid potential PI claims
• Ensure no FSB Penalties lodged within a review period
• Management of individual expenses to avoid overruns
• Manage the audit process to avoid cost overruns
• UA and ALM asset alignments to be completed per instruction
• Clearing of debtors and creditors within required time frames
• Perform complex duties which can include Script lending recons / unsettled trade recon / completion of Schedule IA for Segregated portfolio / derivative liability swop agreement / budget variance reports / reserve account analysis and or any other additional tasks if so required
• Producing monthly / quarterly / bi-annual accounts if so required
• Establish strong, trust based relationships with internal clients, external clients and other teams within AF Administration Services.
• Working collaboratively with other departments to coordinate client interactions and resolutions to their needs.
• Ensuring that the TCF values are top of mind in all dealing with internal and external clients.

Skills Required: 

• Strong Retirement Fund industry knowledge
• Strong oral and Written communication
• Strong risk management skills
• Strong accounting knowledge
• Ability to multi-task
• Ability to anticipate and manage change
• Ability to work under pressure

Cognitive Competencies:

• Analytical Thinking
• Strong decision - making skills
• Strong Problem Solving skills
• Ability to think the bigger picture (Strategic Thinking)