Fund / Scheme Accountant at Old Mutual

Job Description

This role is responsible for general accounting services for specific funds. The incumbent is individually accountable for achieving results through own efforts.
Key focus of the role:

• We are looking for a Fund Accountant to join the OMIS Fund Accounting team, specifically dealing with Retirement Funds, within Old Mutual Investment Administrators (Pty) Ltd (OMIA).  The team is responsible for maintaining the accounting records and related financial reporting for various retirement fund products.  The accountant’s role is to ensure accuracy, validity and completeness of the products’ accounting records and related reporting.
• The team is also responsible for administering the bank and assets of various products.  The role is responsible for administration of the various assets and completion of reconciliations.

Role Description & Key Result Areas:

• Management accounting services and systems:
• Ensure that the ledgers are accurately and timeously produced. Ensure that all financial accounting transactions are accurately reflected in the ledgers.
• Maintenance and reconciliation of ledgers, addressing technical issues and problems arising.
• Preparation of monthly/quarterly financial packs including trial balances for the products, management and regulatory reporting and financial statements (where required).
• Preparation of statutory returns and reconciliations.
• Review of the bank reconciliations
• Responsible for review and clearing of items on balance sheet reconciliations.
• Preparation and co-ordination of expense payments, income and expense position and audit work papers.
• Responsible for new, complex and varied reconciliations with little input required.
• Responsible for testing account mapping and various inputs to all projects (where required).
• Prepare annual financial statements in accordance with Regulatory Reporting Requirements for Retirement Funds in South Africa.
• Liaise with auditors and preparations of audit working papers.
• Preparation of monthly and year end journals.
• Prepares and/or monitors PAYE, Dividend and Income Tax compliance within business units on a monthly basis and reviews all statutory PAYE & Dividend Tax returns. (where applicable)
• Reporting, planning, analyse and interpret performance to management:
• Responsible for regular reporting on ledgers.
• Responsible for assets under management and analyzing the variances.
• Responsible for fund income and expense position.
• Responsible for quarterly exchange control and other statutory reporting.
• Responsible for tax payments and reconciliations – PAYE 
• Relationship building
• Assist with building and maintaining a unified and sound team.
• Assist with building working relationships across lines of business and with 3rd parties to achieve service excellence and effective resolution of problems.
• Personal Effectiveness
• Delivery through own efforts and through others
• Collaborates effectively with others to achieve personal results.
• Accepts and lives the company values.
• Strong analytical skills

Role Requirement

• Tertiary qualification or BCom/equivalent degree required
• Minimum 3 years accounting experience required
• Computer literacy – MS Office and Advanced Excel required
• Advantage - Working knowledge of the OMIA/OMIS business model and related systems infrastructures.
• Advantage – Retirement Funds, LISP or Financial services background
• Advantage – Caseware
• Advantage – Regulation 28 of the Pension Fund Act

Competencies

• Strategic
• Innovation
• Customer First
• Leading with Influence
• Collaboration
• Execution
• Personal Mastery