Description:
Purpose of role:
The incumbent's role will ensure collating, checking and analyzing data and examining fund’s accounts and financial control systems. Furthermore, gauge levels of financial risk within the Fund Accounting Business Units and ensure that financial reports and records are accurate and reliable. Develop and maintain systems of internal controls to safeguard financial assets of the funds and oversee programs, the coordination and activities of independent auditors ensuring that all financial reports and records are accurate and reliable.
Operational requirements :
To manage a portfolio of Funds, ensuring that the audits of the Funds run smoothly and deadlines are met. Implementing and maintaining standard operating procedures relating to audits throughout the Fund Accounting department Coaching and training junior staff on engagements directing them per the SEB methodology and the Pension Funds Act. Ensure compliance with regulatory requirements through adherence to policies, procedures and guidelines. Stay abreast of the latest industry developments and changes in legislation and statutory requirements to ensure compliance and timeous implementation of requirements. Organising and facilitating the planning meetings to ensure team coherence and understanding of the client service objectives, risk areas, the clients business, the relevant deliverables, and their deadlines. Reviewing audit team’s work before assigning to the Snr Manager Fund Accounting for review Review various data analytics tools, which can be utilized audits to produce quality, work faster at the same time fulfilling the audit imperatives for the year. Planning the audit work-Preliminary analysis of the trail balance, understanding the entity and environment, budgeting, determining materiality and reading minutes to identify significant matters to be noted during the audit and to understand the Fund. Understanding the clients’ business processes, controls and identifying weaknesses in the system and making recommendations. Ensuring the client adheres to the Pension Funds Act and the regulations per the Financial Sector Conduct Authority and other regulatory bodies. Ensuring that the investments were invested within the prescribed investment strategy and that the administrator has invested the monies per the client mandates and testing the investments to ensure that all risks identified have been appropriately addressed. Ensuring that all audit queries have been adequately cleared by the team members.RECORD KEEPING AND FILING
Ensure all documentation relating to 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.
06 Oct 2023;
from:
gumtree.co.za