Fund Accountant - Johannesburg Metropolitan Area
2 days ago
Job description
Are you a detail-oriented finance professional with a passion for the retirement fund industry? We're looking for a skilled
Retirement Fund Accountant
to join our team and play a key role in managing fund operations, ensuring compliance, and delivering high-quality financial reporting. If you thrive in a fast-paced environment, have strong analytical skills, and are committed to excellence, this role is for you.
Education
- Matric (Grade 12) - Essential
- Relevant Accounting Degree or Tertiary Qualification in Commerce/Finance - Essential
- Currently studying towards a Commerce/Finance qualification
Experience
- Minimum of 5 years' experience in Retirement Fund accounting
- Strong knowledge of the retirement fund industry
- Proven Retirement Fund accounting skills
- Experience either within the retirement fund industry or as a Retirement Fund Accountant
- Strong Excel functionality skills
Key Responsibilities
Operational Effectiveness
- Manage bank accounts, ensuring balances are justified and investment/disinvestment instructions are processed timeously
- Perform monthly bank reconciliations for cash, investments, and clearing accounts per fund
- Compile monthly Trustee Cashflow reports
- Ensure timely payment of fees, payroll expenses, and premiums
- Process ad-hoc invoices within 3 days of receipt
- Complete quarterly fund reviews within 45 days of quarter-end for Reserve Bank submission
- Prepare high-quality financial statements at least 2 weeks before audit commencement
- Ensure financial statements are released to clients within 4 months and submitted to FSCA within 6 months post year-end
- Resolve Asset and Liability Matching queries monthly with no significant issues
- Prepare and maintain closure-ready funds with appropriate training and guidance
- Resolve FSCA queries within 30 days of receipt
- Achieve 100% compliance rating on internal audits
- Embrace technological advancements to maximize operational efficiency
- Store all documents on SharePoint or server; avoid saving on desktops
- Adhere strictly to procedures to prevent potential PI claims
- Avoid FSCA penalties during review periods
- Manage individual and audit-related expenses to prevent overruns
Treating Customers Fairly (TCF)
- Deliver duties in alignment with TCF outcomes
- Proactively raise concerns about TCF shortcomings
- Take ownership of any errors or oversights that may impact TCF outcomes
Competencies
- Proficient in Microsoft Office, especially Excel; familiarity with in-house systems is advantageous
- Strong planning and time management skills
- Ability to deliver value-added services
- In-depth knowledge of the Retirement Fund industry
Why Join Alexforbes? ( to include in all job adds)
At Alexforbes, we don't just offer jobs - we build careers. Here's what makes us stand out:
Growth & Development:
- Bursary and Leadership Development Programmes to help you grow professionally.
- E-Learning Forums and continuous learning opportunities.
- Financial Planning Support tailored for staff.
Rewarding Performance:
- Total Rewards Package: Competitive short- and long-term incentives.
- Power Of One: Monetary recognition for outstanding performance.
- Lead Incentives & Referral Bonuses for helping us grow our talent pool.
Comprehensive Benefits:
- Retirement Fund Contributions starting at 13% of CTC.
- Group Risk Cover: Funeral, Dread Disease, and Life Insurance.
- Medical & Gap Cover: 100% of CTC with Discovery/Bonitas (Mandatory unless you are a dependent).
Work-Life Balance:
- Flexible Ways of Work: Hybrid work model to suit your lifestyle.
- Connectivity Benefit: Wi-Fi allowance.
- Employee Wellness & Assistance Programmes to support your wellbeing.
- My Savings Account to help you plan for the future.
Join a company that values its people, invests in their growth, and rewards excellence. Be part of a team that's shaping the future of financial services.
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