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 employersLiaise with Data and contributions teamRefund contributions overpaymentRecoveries
Requesting the confirmation of deposit received from the insurerReceive and reconcile recovery amount into the member recordProvide update to the disability team in respect of recoveries received and outstanding workflowsLog a ticket with the system administrator for workflow adjustmentsInitiate refunds if anyBenefit Payments
Local Payments – including payments processed by Admin TeamResponding to benefit payment queriesConfirm benefit paymentsAnnuity Payments
Reconciling Annuity Payment received and Annuity ScheduleProcessing of annuity payments monthlyResponding to annuity payment queriesForeign Payments
Allocating payment to / from the BCI Ledger AccountPreparing supporting documentsObtaining authorisation from Admin TeamAdding Beneficiaries on ForexProcessing payments of ForexTax Payments
Process tax payment for member and staff through SARS eFilingRisk Recon
Process risk payment and risk reconciliations for 3rd partiesUnit Price Loading
Loading daily and monthly Unit Price on EverestOther Payment
Processing of Paid-up paymentsProcessing of Funeral Premiums paid in advanceProcessing of Transfers between the company and Investment ManagersPI Cases
Sending request to the Actuaries for interest calculationsManaging the loading, receiving, reconciling and record updateOther duties
QueriesUpdating Bank Statement for Data TeamInvestment SwitchesMonthly & Quarterly Reconciliations
Quarterly Section 14 In and Out ReconRecoveries ReconBCI Recon suspense accountBCI ReportBenefit ReconWrite-off ReconCredit ControlDebtors ControlGLA Refunds Recoveries ReconLate Payment Interest ReconHousing Loan Guarantee ReconciliationFinancial Year-end
Preparing Audit workbooksResolving audit queriesQualifications
A Bachelor’s degree in accountingCriteria
Five years’ experience in the retirement fund industry or similar environmentKnowledge of the Pension Fund LegislationKnowledge of Everest.net system (will be highly preferable)Exposure to the Financial Advisory Intermediary Services environmentExcellent communication and coordination skillsMust be immediately availableA 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.
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