Latest Jobs at JTC Group

PURPOSE OF JOB

• To collate, calculate, process, investigate and check fund information including being a B signatory in order to produce and sign off the Accounts / Net Asset Valuations (NAV) of the specific Funds/Entities which JTC administers within defined deadlines and within regulatory requirements.
• To produce financial statements and other financial related information for client entities accurately and on a timely basis, in accordance with the most relevant accounting standards and client driven requirements.

MAIN RESPONSIBILITIES AND DUTIES

• Prepare, monitor and capture cash movements (cash management), investment trades and update transactions in InvestOne / Investran to ensure an accurate and timely delivery of the Accounts / NAV.
• Prepare and perform weekly / monthly 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 asset pricing and pricing sources for corporate actions to ensure securities are updated and valued correctly on InvestOne / Investran and no asset pricing errors occur within the Accounts / NAV.
• Perform and check expense and accrual calculations to ensure that they are reflected correctly in the Accounts / NAV.
• Prepare and produce an accurate NAV to ensure Checkers or Supervisor discover no errors on work reviewed resulting in the timely delivery of the Accounts / NAV.
• 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 because of them not being applied.
• 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.
• To produce financial statements for portfolio of clients in accordance with the applicable financial standards, and to ensure that the accounts are produced in accordance with the regulatory deadlines and the deadlines agreed with the client.
• To project manage the client audit process internally according to an agreed timetable to ensure all parties are delivering as agreed and the manager or supervisor is informed of any obstacles and/or delays.
• Attend pre and post audit meetings to ensure audit planning, comments and recommendations as well as any post audit adjustments to be made to valuations are discussed.
• Prepare and complete all monthly/quarterly KPI spreadsheets and/or statutory returns to ensure specific funds regulatory requirements are fulfilled.
• Accurately update and maintain the relevant sections in the delivery matrix to ensure all parties are aware of what has been completed and Oversight can promptly review the NAV where required.
• Prepare and complete all sundry administrative tasks, including (but not limited to) accurate / timely time recording and filing of Accounts / NAV within Viewpoint.
• Coach and supervise other Fund Accountants in the same team to ensure all procedures are adhered to and feedback can be provided to the Manager for yearly reviews.
• Prepare accurate payment instructions and provide to checker for authorisation in a timely manner.
• Check and authorise payments (as a B Signatory) to ensure the correct amounts are instructed.
• Check and approve valuations (as a B Signatory) to ensure all information and calculations have been correctly collated.

ESSENTIAL REQUIREMENTS

• A relevant tertiary qualification preferably including Accounting; Finance; Investments.
• Good accounting and investment product knowledge.
• Minimum of 2 to 5 years investment fund administration or related experience.
• Excellent numeracy skills.
• Strong attention to detail.

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PURPOSE OF JOB

Manage the overall service delivery of the Retail Funds accounting team, to ensure the following:

• Responsibility for direct line reports.
• That valuations are performed completely, accurately and within the required client deadlines.
• Valuations/accounts are distributed accurately and on time to all parties.
• That all client queries are responded to and resolved to the satisfaction of the client within a reasonable timeframe.
• That compliance checks and reporting are completed accurately and within the set deadlines.
• Adherence to all agreed controls, policies and procedures.
• Accurate and timeously correspondence with shareholders of underlying funds.
• Accurate and timeously payment of expenses and execution of investments in accordance with investment documentation.
• Being responsible for producing financial statements for all allocated clients in accordance with the most relevant accounting and regulatory standards and client driven requirements.
• Responsible for facilitating the audit process for all clients.
• Responsible for managing the team resources and allocating tasks and monitoring client service levels for reporting purposes.

MAIN RESPONSIBILITIES AND DUTIES

• Plan and monitor resources and resource capacity within an allocated team to ensure that all deliveries are maintained, and service levels upheld.
• Manage and monitor the ongoing training, coaching to ensure the continuous development of staff in the team (this includes the performance management of direct line reports).
• Organise and hold regular meetings with your allocated team and each individual member (one-on-one’s) to ensure regular communication and correspondence.
• Manage all activities within the allocated team in a positive effective way to instil a positive, solution-oriented work environment within the team (this includes managing/monitoring the resolution of all issues and concerns applicable to the relevant team).
• Participate in business improvements across processes, controls and systems to ensure they are effectively implements within the allocated ops team. This includes the monitoring, initiating and participating in any risk reduction/efficiency gaining projects impacting the operational team.
• Project manage where required the take-on/launch of all new funds/clients allocated to ensure operationally the team is ready.
• Investigate, report and implement (Take overall responsibility) the required corrective and/or preventative action for all operational errors and incidents which occurred in the allocated ops team to ensure successful resolution and management of the error or incident.
• Check and authorise payments (as an A Signatory) to ensure the payment has been correctly prepared.
• Check and approve valuations (as an A Signatory) to ensure all the required information has been captured and processed correctly.
• Supervise others to ensure the accuracy, completeness and timeliness in of the team in executing deliverables.
• Reviewing and ensure all documentation are in place for investment purchases and sales / distributions.
• Review of accurate expense and accrual calculations, including management and admin fee calculation.
• Investigating and answering queries with auditors, clients, and any other relevant service provider.
• Monitor/review the production of financial statements for portfolio of clients in accordance with the applicable financial reporting standards.
• To monitor the client audit process internally according to an agreed timetable and regulatory deadlines to ensure all parties are delivering as agreed and resolve/escalate any obstacles and/or delays timely.
• Attend pre and post audit meetings to ensure audit planning, comments, and recommendations as well as any post audit adjustments to be made to valuations are discussed.
• Ensuring compliance with company policy and procedures; client service level agreements and internal controls.
• Review of NAV notices and disseminate to a pre-defined distribution list.
• Note: Although the primary function of a Manager is checking and supervising the above tasks, in certain circumstances a Manager may also be required to perform the above-mentioned activities.
• Coach and supervise other team members (including training and coordinating the training of new team members) to ensure the team functions as a cohesive unit.
• Actively participate in ensuring all processes and procedures are properly documented and adhered to, to ensure no accounting errors occur and the team has latency in place.
• Query and issue resolution within the team (whether it’s Investran or system issues, or client or custodian issues) to ensure no queries or issues result in an error, breach or client dissatisfaction.
• Investigate errors, complete the required JTC error reporting process and implement the required remedial action in order to ensure the error is not repeated.
• Actively and continually identify and report high risk areas and gaps in processes to ensure the identification and escalation of risks and gaps.
• Check statutory returns in order to ensure JTC satisfies the fund regulatory obligations.
• Monitor that the relevant sections in the delivery matrix are accurately updated and maintained to ensure all parties are aware of what has been completed, and Oversight can promptly review the NAV where required.    
• Complete/monitor all sundry administrative tasks, including (but not limited to) accurate / timely time recording and filing of Accounts / NAV within Viewpoint.

ESSENTIAL REQUIREMENTS

• A relevant tertiary qualification, preferably including Accounting; Finance; Investments.
• CA (SA), ACCA or equivalent.
• Minimum of 5 years investment fund administration or related experience, ideally with exposure to traditional, FinTech, Private Equity and Venture Capital space within fund administration.
• Good accounting and investment product knowledge, including retail fund products.
• Exposure / experience in checking and supervising the work of other team members.
• Excellent numeracy skills and attention to detail.
• Exposure / Experience in dealing and interacting with clients, specifically in the Traditional, FinTech, Private Equity and Venture Capital space would be advantageous.
• Good technical knowledge of accounting standards (IFRS/LUX GAAP/US GAAP & Other).
• Exposure to Derivative, Hedge funds, Private equity equalisations and carried interest calculations would be advantageous.