Fund Scheme Accountant

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The position is based in the OMFIA Savings & Income Products Reconciliation team.  This team is responsible for maintaining the bank and asset reconciliations and related reporting for the Savings and Income products. The span of responsibility will be from the receipt of the investment instructions from the administration system, monitoring all controls and resolving all exceptions, through to completion of all reconciliations. There is a range of investment fund types, including Unit Trusts, Money Markets and Life Funds.

Role Description & Key Result Areas:

Control monitoring, Reconciliations and Reporting, which may include, but not be limited to, the following:

•  Responsible to monitor controls that ensure that all trade order instructions are processed and that the required market instruction has been actioned
•  Responsible to monitor controls that ensure that all investment instructions are accompanied by the correct money movement
•  Responsible for resolving all instruction order differences timeously
•  Responsible for monitoring assets held at mancos against liability balances and analyzing variances
•  Responsible for agreeing bank and asset transactions with Trade order instructions received from the administration system.
•  Monitoring all other relevant controls
•  Performance of daily bank and asset reconciliations
•  Liaison with external and internal auditors, as required, including preparation of audit schedules and working papers
•  Preparation of asset and bank reconciliation packs on a monthly basis
•  Preparation of monthly/quarterly financial packs management and board meetings as required
•  Preparation of statutory returns as required
•  Review of asset and bank reconciliations
•  Responsible for new, complex and varied reconciliations with little input required.
•  Responsible for defining, testing and documenting process and control changes when required

Relationship Building
•  Assist with building and maintaining a unified and sound team.
•  Assist with building working relationships across lines of business and with 3rd parties to achieve service excellence and effective resolution of problems.

Personal Effectiveness
•  Delivery through own efforts and through others
•  Collaborates effectively with others to achieve personal results.
•  Accepts and lives the company values.
•  Strong analytical skills, comfortable with understanding 
•  Comfortable with ambiguity and independently developing effective ways of work 
 

Role Requirement
•  Tertiary qualification or Bachelor of Commerce/equivalent degree required, with a good understanding of accounting principles
•  Minimum 3 years’ experience in a similar role required
•  Computer literacy – MS Office and Advanced Excel required
•  LISP and/or Financial services background
•  Advantage: Working knowledge of the Digiata Suite of applications
•  Advantage: Experience in reporting from Oracle Ledgers
•  Strong analytical skills with the ability to quantify the effects of missed trades quickly and correctly.
 

Competencies
•  Strategic
•  Innovation
•  Customer First
•  Leading with Influence
•  Collaboration
•  Execution
•  Personal Mastery
 

Working Model: Hybrid working (with a requirement to attend office in person 3 days a week. As this is part of a critical initiative, there may be a requirement in future for this role to be fully in office.

Skills

Competencies

Education

Closing Date

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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