Fund Accountant – DOFUNDACCOUNTANT

Our client based in Braamfontein, Gauteng are currently seeking the skills of a temp Fund Accountant who is immediately available

Main job function 

The Fund Accountant is responsible for the Fund’s day-to-day accounting responsibilities assigned to management accounting, financial reporting, and cash flow management.  The Fund accountant is also responsible for the monthly management of workflow and meeting monthly, quarterly, and annual process deadlines including annual audits.

The Fund Accountant reports to the Fund Accountant Manager on the status of management accounts including contributions, journal entries, benefit payments, benefits reporting, risk and tax payments and reconciliations and annual statutory audits.

 

Bank Reconciliations

• Prepare monthly Reconciliations

Monthly Contributions

• Allocate contributions to respective employers
• Liaise with Data and contributions team
• Refund contributions overpayment

Recoveries

• Requesting the confirmation of deposit received from the insurer
• Receive and reconcile recovery amount into the member record
• Provide update to the disability team in respect of recoveries received and outstanding workflows
• Log a ticket with the system administrator for workflow adjustments
• Initiate refunds if any

Benefit Payments

• Local Payments – including payments processed by Admin Team
• Responding to benefit payment queries
• Confirm benefit payments

Annuity Payments

• Reconciling Annuity Payment received and Annuity Schedule
• Processing of annuity payments monthly
• Responding to annuity payment queries

Foreign Payments

• Allocating payment to/from the BCI Ledger Account
• Preparing supporting documents
• Obtaining authorisation from Admin Team
• Adding Beneficiaries on Forex
• Processing payments of Forex

 

Tax Payments

• Process tax payment for member and staff through SARS eFiling

Risk Recon

• Process risk payment and risk reconciliations for 3^rd parties

Unit Price Loading

• Loading daily and monthly Unit Price on Everest

Other Payment

• Processing of Paid-up payments
• Processing of Funeral Premiums paid in advance
• Processing of Transfers between the company and Investment Managers

PI Cases

• Sending request to the Actuaries for interest calculations
• Managing the loading, receiving, reconciling and record update

Other duties

• Queries
• Updating Bank Statement for Data Team
• Investment Switches

Monthly & Quarterly Reconciliations

• Quarterly Section 14 In and Out Recon
• Recoveries Recon
• BCI Recon suspense account
• BCI Report
• Benefit Recon
• Write-off Recon
• Credit Control
• Debtors Control
• GLA Refunds Recoveries Recon
• Late Payment Interest Recon
• Housing Loan Guarantee Reconciliation

Financial Year-end

• Preparing Audit workbooks
• Resolving audit queries

 Qualifications 

• A Bachelor’s degree in accounting

  

Criteria 

• Five years’ experience in the retirement fund industry or similar environment
• Knowledge of the Pension Fund Legislation
• Knowledge of Everest.net system (will be highly preferable)
• Exposure to the Financial Advisory Intermediary Services environment
• Excellent communication and coordination skills
• Must be immediately available

 

 A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.