Job Summary
Purpose of role:
The Senior Fund Accounting Manager's role is to supervise the Fund Accounting unit. The incumbent will report into the COO/Deputy COO role and assists on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs, etc.
Responsibilities:
Operational
- Assist in performing all tasks necessary to achieve the organisation's mission.
- Work with the Executive Team on the strategic vision including fostering and cultivating stakeholder relationships.
- Assisting in the development and negotiation of contracts.
- Enhancement and automation of processes through utilisation of technology.
- Ensure adequate controls are installed and that substantiating documentation is approved and available such that it may pass independent audits.
- Work with the COO/Deputy COO to ensure programmatic success through cost analysis support and compliance with all contractual and programmatic requirements.
- Oversee the production of monthly reports for use by the Executive Team, as well as the Board of Directors.
- Oversee and manage existing system controls and introduce new enhancements to streamline workflow and mitigate risk factors.
- Preparing and maintaining standard operating procedures throughout the Fund Accounting department.
- Development, implementation and management of effective financial controls.
Compliance
- 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.
- Ensure compliance with regulatory requirements through adherence to policies, procedures and guidelines.
- Work closely with the Executive Team to ensure that all key risks are identified and are adequately communicated to the relevant business owners.
- Implementation of controls to mitigate fraudulent activities and misrepresentation of information.
- Enhancement and automation of the production of monthly management reports and board packs.
Customer
- Attend Board and Subcommittee meetings.
- Development stakeholder relationships.
- Ensure adherence to customer and service provider SLA’s.
People
- Train the Fund Accounting department and other staff on raising awareness and knowledge of financial management matters.
- Development and implementation of staff succession and growth plans.
- Effective team management and coordination of financial activities at all levels.
- Implement the culture transformation programme that will enable the delivery of Salt’s strategic intent and identified ideal behaviours, improve employee engagement and reduce employee turnover with the support of HR
- Develop a high performing team by embedding formal performance development and informal coaching.
- Implement talent acquisition, engagement and recognition process in line with this.
- To improve employee engagement, by building an engaged workforce by connecting with staff at all levels and soliciting regular feedback from staff (informal / formal).
RECORD KEEPING AND FILING
- Ensure all relevant documentation relating to the funds are saved in the member profile on the system
- Ensure appropriate notes are recorded in the member profile on the system
- Full fund administration system filing
REPORTING
- Prepare, analyse and present ad hoc reports as and when requested
- Prepare, analyse and present an accurate report for Trustees meetings
- Have the ability to report at Trustee meetings
QUERY RESOLUTION
- Attend to queries or inquiries by members within the required timelines
- Provide assistance to Employers or service providers where necessary
INNOVATIVE & TEAM PLAYER
- Be able to work independently with minimal supervision
- Abide by audit findings as directed by the COO
- Build and maintain supportive relationships both internally and externally
RELATIONSHIP MANAGEMENT
- Build and maintain positive relationships with all clients and service providers
- Build and maintain supportive relationships with teams internally
- Ensure that all communication sent internally and externally is dealt with professionally
TIME MANAGEMENT
- Devote the whole of your time, attention and abilities during working hours to the discharge of your duties
- Meet production standards in terms of quantity and quality
- Manage work outflow timeously
Qualifications:
- B.Com. Accounting Degree
- Relevant Post graduate honors and or masters qualification
- Completed articles with a registered accounting body (SAICA, CIMA, SAIPA or similar)
Experience:
- Minimum 7 years EB experience