Manager - Fund Accounting

In brief

Overview The role of Manager - Fund Accounting at Salt Employee Benefits involves managing and overseeing the entire Fund Accounting portfolio. This includes areas such as Treasury, Accounting, Investments, Audits, Valuations, Compliance, and Reporting. The primary objective is to ensure accurate financial records, effective cash flow management, timely reporting, and strict adherence to regulatory requirements. The Manager reports to the Senior Finance Manager and is responsible for providing operational support to the Fund Accounting team, maintaining strong stakeholder relationships, and delivering high-quality service within specified deadlines. The role also encompasses taking ownership of delegated projects, supporting cross-functional collaboration, and contributing to the overall efficiency and effectiveness of the Fund Accounting function. What you will do * **Operational:** * Manage treasury, including forecasting and daily investment/disinvestment management. * Review and set up users' online banking access. * Check and approve payments. * Ensure bank statements are updated and bank reconciliations are done accurately and on time. * Monitor fund cashflows and forecast cash requirements in line with each fund’s policies. * Prepare investment and disinvestment instructions and oversee daily, weekly, and monthly cashflow reporting. * Oversee and enhance the relationship with the fund/s bankers. * **Accounting:** * Oversee and manage existing system controls and introduce new enhancements to streamline workflow and mitigate risk factors. * Prepare, maintain, and implement standard operating procedures (SOPs). * Develop, implement, and manage effective financial controls. * Prepare fund accounts in accordance with each fund’s accounting policies and rules, and implement any changes. * Ensure adherence to the Service Level Agreement (SLA) of the fund/s. * Check all monthly reconciliations (Accounts Receivable & Accounts Payable). * Prepare and review monthly general ledger (GL) working papers and reconciliations; identify, report, and resolve accounting issues. * Ensure that all systems in the department are in a working condition. * **Investments:** * Liaise with fund managers, brokers, and custodians to communicate information and resolve issues on a timely basis. * Monitor and control investment/disinvestment with the respective Investment Managers. * Ensure accurate daily and monthly pricing, including the loading of daily unit prices. * Review and address unpriced cashflows with the relevant fund managers, brokers, and custodians. * Ensure Investments are balanced accurately (ALM). * **Audit:** * Plan and coordinate audits to ensure the audit function is executed on a timely and efficient basis. * Check audit files and working papers for submission to the auditors. * Prepare and review the annual financial statements. * Provide responses on audit requirements ensuring all audit issues are resolved, and all compliance issues are met. * Implement audit action plans and recommendations from the auditors. * Electronically submit financial statements to the FSCA. * Handle FSCA queries relating to the annual financial statements and audit submissions. * **Valuation:** * Prepare member data for fund valuations. * Liaise with the actuary for the timeous valuation of the fund/s. * Implement recommendations from the valuator. * **Compliance and Reporting:** * Ensure adherence to applicable regulatory requirements of the FSCA, SARS, and SARB; ensure accurate SARB and C48 reporting and quarterly Regulation 28 compliance reporting. * Provide oversight and play a leadership role in the Compliance Management function to ensure that: the company compliance framework and policies are properly embedded and implemented in the business; there is regular reporting on compliance breaches and progress on mitigation and management plans; administrative penalties as a result of compliance breaches are minimised. * Manage the performance of Compliance operational activities within Salt EB to minimise compliance risk through adherence to policies, procedures, and guidelines and in accordance with regulatory requirements. * Work closely with senior Management to ensure that all key risks are identified and are adequately communicated to the relevant business owners. * **Reporting:** * Prepare and review monthly management accounts, cashflow statements, and investment reconciliations for each fund. * Draft the annual budget for the fund/s and monthly track the fund/s income and expenses against the budget. * Provide relevant information for the preparation of fund/s board packs. Oversee the production of monthly management reports (internal). * Ensure that monthly compliance reporting is accurate, of a high standard, and properly reviewed (internal). * Communicate to management about any fraudulent activities and misrepresentation of information. * **Customer:** * Attend Board and Subcommittee meetings. * Ensure adherence to customer and service provider SLAs. * **People:** * Develop a high performing team by embedding formal performance development and informal coaching. Implement talent acquisition, engagement, and recognition processes in line with this. * Assist administrators with accounting issues. * Ensure effective team management and coordination of financial activities at all levels. * **Headcount & Retention:** * Manage team leave and timekeeping (RTW). * **Training & Development:** * Ensure all team members understand and adhere to processes. * **Succession planning.** * **Innovation, Learning and Growth:** * Ensure that functions and processes are aligned within the department. * Improve the internal controls to address any weaknesses that may arise. * Prepare training manuals used in the fund accountant department. * Authorize and coordinate staff leave. * Prepare and assess staff KPAs. Requirements (from the original advert) * Bachelor’s degree in accounting/finance * Advanced Excel * Communication (Written and Verbal) * English (Business writing and email etiquette) * Stakeholder management (CRM) * Accuracy and attention to detail * Judgement and Decision Making * Working under pressure and deadline driven * Organizational skills / Planning and prioritizing * Interpersonal skills * Settings goals * Cross team collaboration * Innovation * Great time management * Analysis of data * Judgement/Decision making * Innovation * Negotiation and Conflict Management * Networking * Persuasion, Prospecting * Research * Minimum Bachelor’s Degree in Accounting, Finance, or a related field from an accredited institution. * Honours/Postgraduate Diploma in Accounting (advantageous) * SAIPA/ CIMA/ AGA(SA) – SAICA (advantageous) * Relevant experience in Pension Funds (+5 years), relevant experience in large Funds arrangements (Umbrella) or in audit of Pension Funds. Who should apply The ideal candidate is an analytical and detail-oriented professional with strong problem-solving skills, capable of identifying opportunities for process improvement. They should possess excellent written and verbal communication skills in English, including business writing and email etiquette, along with proficiency in stakeholder management. Essential traits include accuracy, attention to detail, sound judgment, and decision-making abilities. The role requires someone who can work effectively under pressure, meet deadlines, and demonstrate strong organizational, planning, and prioritizing skills. Furthermore, the successful applicant will have strong interpersonal skills, be adept at setting goals, fostering cross-team collaboration, and driving innovation. Great time management, data analysis capabilities, negotiation, conflict management, networking, persuasion, prospecting, and research skills are also key attributes for this position. Deadline Not specified Reference Original posting: https://www.myjobmag.co.za/job/manager-fund-accounting-salt-employee-benefits Source: myjobmag

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At a glance

• At least 2 years of experience.

• Microsoft Excel

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