What will you do?

• This role is responsible to manage operational activities and processes related to bank reconciliations, broker and fee activities, and to perform reconciliations to the market as confirmed by the Investment Management Company whilst managing risk

Key outcomes

The following outcomes will be expected to be achieved by the Intern Accountant:

• Daily management of bank account 
• Processing daily investment and disinvestment instructions timeously
• Compile monthly bank reconciliations and cashflow analysis as per procedure
• Monthly fee reconciliation for broker commission.
• Administration fee reconciliations completed timeously. 
• Dailly commission fees run from Compass. 
• Exception reporting and investigation for fee anomalies. 
• Monthly upload of global fees/perform conversions. 
• General queries i.e. negative fees appearing on daily commission file.
• Performing trail commission reconciliations and liaising with offshore MANCOs for quarterly statements. 
• Perform daily reconciliations for transactions captured on line of business system to those transacted in the market as confirmed by the investment managers. 
• Identify exceptions or differences and liaise with investment managers and internal business teams to resolve. 
• Reconcile transactions on the investment manager recon and submit to the line manager for sign-off 
• Prepare asset and liability report between client asset and Investment Management Company held by the investment management companies.
• Prepare stakeholder reports, i.e. Nomco and Board reports.
• Prepare market switches to clear AVL differences. 
• Request investment management company statements to reconcile

Qualifications and Requirements  

• Degree or Diploma in Accounting, Finance, Investment or Equivalent 
• Must reside in Gauteng
• Must have no prior work experience or have 6 months or less internship/work experience
• Must be 28 years old or younger