Job title: Fund Accountant/Pricing - Unit Trusts
Job type: Permanent
Emp type: Full-time
Industry: Financial Services (Asset Man, Wealth & Other)
Expertise: Financial Services (Asset Man, Wealth & Other)
Salary type: Annual
Location: Cape Town
Job published: 10-02-2020
Job ID: 34377
Contact name: Katie Schnugh, Megan Smillie
Phone number: 0215554402, 021 5554402
Contact email:,

Job Description

A reputable Investments/Asset Management company is seeking a Collective Investment Scheme/Unit Trust Fund Accountant to join part of a talented Fund Accounting team. This is an end to end Fund Accounting position with exposure to Unit Trust and Life accounting. This is your opportunity to join a market leading Fund Operations business and lead a talented team of highly motivated Fund Accountants geared for growth. You will be joining an entrepreneurial and nimble environment where ideas and solutions to obstacles are always encouraged.

Qualification and Experience

  • Relevant Tertiary Qualification(s) required.
  • 2-5 years (Unit Trust Fund Accounting/Pricing experience) in this role is essential.


Relevant Skills & Knowledge

  • Exposure to Investment reporting systems
  • Strong Excel skills


Expected Duties & Responsibilities:

  • Processing and setting up of audit, trustee, custody and management fees.
  • Ensuring Variation Margin is processed correctly and matches the Clearing House Statement daily.
  • Ensure capturing/processing of all 3rd Party duplication trades to the accounting system timeously and accurately (ensure they match the third-party valuation reports).
  • Ability to manage client cash flows (subscriptions and redemptions) and ensure units in issue reconcile to Transfer Agency.
  • Pricing of funds within the Collective Investment Scheme, i.e. Daily unitisation and ensuring the valuation of financial instruments are in line with the funds’ performance (e.g. equities, bonds, and derivatives).
  • Understand how total fund performance is calculated and impacted with each entry captured.
  • Monitor and perform income distribution calculations for each fund class.
  • Understand tolerance level checking against a benchmark and are familiar with what is deemed as an unacceptable asset and NAV fund price variance.
  • Responsible for running, checking and sending of client reports daily and monthly.
  • Handling queries efficiently to ensure resolution of both internal and external client queries (in conjunction with the Client Delivery team).
  • Ensure appropriate controls are in place to mitigate risk.
  • Supporting the management and co-ordination of team deliverables relating to projects and new client take-on.


Personal Attributes

  • Self-starter who is willing to take on responsibility for a wide array of tasks in a small company.
  • Highly methodical with strong interest in portfolio administration.
  • Ability to work under limited supervision.
  • Team Player.
  • Positive and enthusiastic attitude.
  • Accuracy and attention to detail.
  • Client orientated and able to see the bigger picture.