VERSO FINANCIAL SERVICES (PTY) LTD
POSITION: FUND AND INVESTMENT ACCOUNTANT
Posted by Verso Financial Services (Pty) Ltd on 01/09/2017
DESCRIPTION OF POSITION
An opportunity exists to express your passion for exceptional service in the provision of pension fund accounting administration.

MAIN ACTIVITIES
Investment functions
Monthly capital reconciliations to Asset Managers’ month-end reports
Verifying and reconciling monthly withdrawals/contributions
Verifying and reconciling transition transactions
Monthly management fee reconciliations
Monthly custodian fees reconciliation
Monthly reconciliations of investment bank accounts
Verifying Sygnia monthly returns
Collating and providing all FICA/account opening documentation
Processing and checking information received from Sygnia in respect of quarterly Regulation 28 reports
Processing information received from asset managers for all quarterly report submissions due to the SA Reserve Bank and/or FSB (including timely submission thereof)
Compile Schedule IA for the annual financial statements and load AFS onto Magic to the point where it can be submitted to the FSB electronically
Reconcile year-end SARB report to Schedule IA
Quarterly reconciliation between the unitising agent and asset managers’ market values, for reporting to the BOT
Liaise with asset managers/investment advisors as and when required in respect of any new/existing investment transactions
Compiling relevant sections of the year-end audit file for review by Manager/Head within the relevant deadlines and according to the required deliverables of Verso and the auditor
Forward unsigned Declaration of Interest forms to Asset Managers and service providers bi-annually and save all responses received for reporting to the BOT

Accounting functions
Daily processing of receipts and payments through the accounting system
Daily reporting on outstanding payments
Daily loading of payments into the banking system
Updating of the contribution register upon receipts of monies from each pay point
Monthly reconciliation of bank accounts and all relevant general ledger control accounts
Monthly cash flow reporting
Monthly investment reconciliations
Assume responsibility for monthly and ad-hoc creditor payments
Banking account maintenance in terms of signatory amendments and/or new accounts
Monthly updating of Fund schedules in respect of administration fees, consulting fees, reinsurance premiums, contributions, in preparation for year-end audit
Identifying and communicating any differences between amounts due and amounts paid/received in respect of monthly expenses/income and ensure resolved monthly
Compiling relevant sections of year-end audit files for review by Manager/Head within the relevant deadlines and according to the required deliverables of Verso and the auditors
Drafting Annual Financial Statements for review by Manager/Head may be required
Quarterly reporting to the SA Reserve Bank / FSB as required
Any additional tasks as assigned by the Senior Manager: Fund Accounting
Be willing and able to assist on tasks of fellow Fund Accountants whenever there is a need as a result of staff being on leave.

QUALIFICATIONS
Matric with strong mathematical and accounting abilities
B Degree / diploma or equivalent

SKILLS REQUIRED
Good verbal and written communication skills
Understanding of accounting principles
Articulate presentation and professionalism
Organised and good time management skills
Client service orientated
Attention to detail/accuracy/pride
Positive attitude and open to change
Proactive – uses initiative (Self-starter - able to self-motivate)
Must be able to work independently and under pressure
Strong work ethic

TECHNICAL KNOWLEDGE
A good understanding of the Employee Benefits industry
Familiarity of accounting principles to the extent of company accounting and or pension fund accounting

TECHNOLOGY
Extensive practical experience on Microsoft office (outlook, word, excel) and a suitable accounting package preferably Accpac.

WORKING EXPERIENCE
Previous accounting experience within the employee benefits industry.
Contactable references

REMUNERATION
A total cost to company market related salary structure including benefits are offered

TO APPLY
Those that meet the above mentioned requirements, and/or have other proven relevant skills or qualifications, should e-mail their interest in applying positions@verso.co.za by no later than 8 September 2017.


info@verso.co.za
021 943 5300
0861 88 88 81

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