Job Description

FUND ACCOUNTANT

QUALIFICATIONS AND EXPERIENCE
A relevant post graduate qualification CA(SA) Essential
1-3 years post articles experience both in public and private sector.
IFRS 9 experience and government grants accounting.
Experience dealing with internal and external stakeholders
Relationship building skills stakeholder management skills.
SAP & Caseware Skills.

Daily Tasks
Acting as checker, releaser for payments (AP process)
Acting as poster for all Fund related transactions into the SAP system
Calculating expected returns for funds in line with the funds department and maintaining the same in SAP.
Assisting with ad-hoc tasks as requested
Review and posting the ZC journals and Kofax payments
Review payment proposals
Finance support to fund managers

Monthly Tasks
Cash updates to Fund Managers including inflows, disbursements, commitments (Monthly Dashboard)
Finance support to fund managers
Updating or reviewing of the interest on company as well as on each Fund.
Reconciliations of Cash balances of for 3rd party funds
Review and posting the ZC journals and Funds payments
Reporting on 3rd party funds and cash balances for the company

Quarterly Tasks
Recording of any IMC adjustments (ECL) to Funds that extend loans (MCEP, RCF, TVCP etc.) as ECL runs are completed
Quarterly financials update (Quarterly dashboard) for fund reporting by fund managers to relevant departments
Monitoring of all collateral relating to Funds that disburse loans

Annual Tasks
Annual preparation of financials in accordance with relevant accounting framework
Managing the external audit of each of the funds (and liaising with loans, FAV, CSG, Risk departments) for necessary input
Keeping all loan related funds up to date in terms of IFRS 9, day 1 calculations low rate loans, loan modification etc.
Preparing the annual cash balance confirmations for the Audit
Manage the impairment and fair value of financial instruments

SALARY: Market related

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