Our client based in Braamfontein is currently seeking the skills of a Junior Fund Accountant
Main job function
The Junior Fund Accountant is responsible for assisting the Associate Manager: Fund Accounting with the Fund’s day-to-day accounting responsibilities assigned to management accounting, financial reporting, and cash flow management. The role also assists with the monthly management of workflow and meeting monthly, quarterly, and annual process deadlines including annual audits.
The Junior Fund Accountant reports 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
- Assist to prepare monthly Reconciliations
Monthly Contributions
- Allocate contributions to respective employers
Recoveries
- Request the confirmation of deposit received from the insurer
- Receive and reconcile recovery amount into the member record
- Provide an update to the disability team in respect of recoveries received and outstanding workflows
Benefit Payments
- Assist with making local payments
- Assist with benefit payment queries and confirm benefit payments
Annuity Payments
- Reconcile Annuity payment received and Annuity schedule
- Assist with processing of annuity payments monthly
- Respond to annuity payment queries
Foreign Payments
- Allocate payment to/from the Ledger Account
- Prepare supporting documents
- Assist with processing payments of Forex
- Cross border payments
Risk Recon
- Assist with processing risk payment and risk reconciliations for 3rd parties
Unit Price Loading
- Loading daily and monthly Unit Price on Everest
Other Payments
- Assist with processing of Paid-up payments
- Assist with processing of Funeral Premiums paid in advance
- Assist with processing of Transfers
Other duties
- Assist with queries
- Updating Bank Statement for Data Team
Monthly & Quarterly Reconciliations
- Quarterly Section 14 In and Out Recon
- Recoveries Recon
- Recon suspense account
- Report
- Benefit Recon
- Write-off Recon
- Credit Control
- Debtors Control
- Refunds Recoveries Recon
- Late Payment Interest Recon
- Housing Loan Guarantee Reconciliation
Financial Year-end
- Assist with preparing Audit workbooks
Qualifications
- Bachelor’s degree in accounting
Criteria
- Two years’ experience in the retirement fund industry or similar environment
- Knowledge of the Pension Fund Legislation is preferred
- Knowledge of Everest.net system (will be highly preferable)
- Conversant in more than one RSA language
- Exposure to the Financial Advisory Intermediary Services environment
- Excellent communication and coordination skills
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.
To apply for this job email your details to Debra@armstrongappointments.com