Fund Accountant at NMG Benefits

Role Overview

The Incumbent of the role will be responsible for monthly and quarterly management of accounts, annual Financial statements and Controlling costs. Fund Accountant will be supporting the Manager Accounts to meet service level agreements and meeting deadlines.

Duties and Responsibilities

Monthly Accounting Work

• Upload Bank Statements into the admin system
• Monthly and quarterly management accounts
• Managing and meeting deadlines (Monthly, Quarterly and Annual Processes)
• Preparing monthly ALM’s on all management accounts
• Prepare Quarterly SARB reports
• Timeous payment of fund invoices
• Preparation of annual financial statements for active and termination funds

Annual Financial Statements

• Preparation of annual audit file on stand-alone funds/ consolidation and preparation of working papers for umbrella funds, including financial statements
• Assist with annual Regulation 28 Reports
• Meet audit deadlines
• Resolve queries (audit, actuarial and Trustee) within the stipulated turnaround times
• Adhere to processes and procedures within the fund accounting team.
• Annual planners to be always maintained and adhered to

Controlling Costs

• Avoid audit overruns

Note:

Based on years of experience, additional tasks can be allocated as required by the business. This might include the checking of reports.

Qualifications

• Matric/ Grade 12
• BCom or studying towards a BCom degree or a relevant accounting diploma/qualification

Experience

At least 1 - 5 years’ experience in Retirement Fund Accounting is an advantage (depending on role requirements)

Skills Required

• Knowledge of accounting policies, systems, procedures and Generally Accepted Accounting Practice.
• Knowledge of Financial Sector Conduct Authority (FSCA) requirements and involvement.
• Knowledge of The South African Reserve Bank (SARB) requirements and involvement.
• Knowledge of segregated investments and disclosure on Annual Financial Statements
• Ability to correspond/communicate with auditors, consultants and actuaries.
• Understanding the purpose, background and policies of the organization.
• Understanding the roles of other staff members and be an effective team player.
• Communication, listening skills and the ability to relate to people from different cultures and backgrounds.
• Computer skills, including excel skills and the ability to use relevant computer software such as spreadsheets, email diary systems and PowerPoint.
• Planning and Organisational skills.