Fund Accountant at JTC Group

About the job

• We are looking for an enthusiastic individual to join our Fund Administration Team on a temporary contract.

Purpose of job

To collate, calculate, process, investigate and check information in order to produce the accounts / valuations of the specific Fund which JTC administers within defined deadlines and regulatory requirements.
Key Accountabilities

• Review and ensure all documentation is in place for investment purchases, sales or distributions to ensure that there is no delay in the instruction of the Investment.
• Prepare and execute all investment purchase transaction to ensure the Investment deadlines are timely met.
• Set-up and capture all investment transactions on Investran to ensure the investments are correctly reflected within the valuation.
• Monitor and capture distributions / sales proceeds on Investran to ensure the movement are correctly reflected within the specific valuation.
• Prepare accurate quarterly (pre fair market value and post fair market value) accounts  (including capital statements for investors) so that the accounts can be timely reviewed and approved.
• Prepare and perform accurate expense and accrual calculations, including management and admin fee calculations to ensure the expenses are correctly reflected with the accounts
• Prepare, monitor and capture cash movements (cash management) and investment trades to ensure accurate cash and investments movements are reflected within Investran.
• Prepare and perform weekly cash and stock reconciliations including proper investigation of all outstanding issues to ensure a timely resolution of any reconciling differences and no valuation errors occur.
• Monitor daily / monthly asset prices and their pricing sources (for corporate actions) to ensure securities are updated and valued correctly on Investran and no asset pricing errors occur within the valuation.
• Proactively investigate queries with dealers; brokers; custodians; auditors and clients to ensure a timely resolution of all queries. Where applicable to communicate and escalate potential issues in a prompt and effective manner.
• Understand and implement company policies and procedures; client service level agreements and internal controls to ensure compliance thereof and no Custodian and external audit findings occur as a result of them not being applied.
• Monitor and perform regular compliance checks to ensure all scheme particulars are adhered to and no concern is raised in Compliance’s reviews and reports.
• Prepare and send out all valuation e-mails to a pre-defined distribution list to ensure all parties have been timely informed of the Valuation.
• Prepare and complete all quarterly statutory returns to ensure the specific funds regulatory requirements are fulfilled.
• Prepare accurate Call / Distribution notices and send then out to a pre-defined list to ensure the successful instruction thereof within the specific timelines.
• Monitor and capture Called money to ensure the instructed amount has been received. Follow up on any outstanding Call money with the relevant party.
• Prepare and complete all sundry administrative tasks, including filing of quarter end accounts to ensure no negative feedback received from the client or any other external parties
• Accurately update and maintain relevant sections in the KPI spreadsheet to allow for successful tracking and reporting by the Client Solutions team.
• Payments - to set up payments and perform call backs for payments and maintain an accurate and complete payment’s log.
• Preparation of first draft annual financial statements and interim accounts with guidance
• Preparation and circulation of weekly closing bank statements to clients 

Skills and Qualifications

• A relevant tertiary qualification preferably including Accounting; Finance; Investments
• Completed 3 year SAICA/SAIPA articles
• Excellent numeracy skills
• High level of accuracy and excellent attention to detail
• Works well under pressure
• Strong problem solving abilities

If you would like to join Team JTC, where everyone is dedicated to continuously delivering a service beyond our clients’ expectations, please apply online (applications will only be accepted if made through the online portal).