Portfolio Accountant-VM Pensions Management Limited

Responsible for the integrity of the financial reports of assigned Clients’ portfolios by undertaking the necessary checks and balances and reconciliations on a daily basis.

Job Summary:

This position is responsible for the integrity of the financial reports of assigned Clients’ portfolios by undertaking the necessary checks and balances and reconciliations on a daily basis, including the verification of the previous day’s transactions to ensure that the General Ledger is accurately and completely updated. The incumbent is also responsible for preparing the required management reports, financial statements and regulatory reports, and for ensuring the timely and effective completion of the external audits of the assigned portfolios.

DUTIES & RESPONSIBILITIES:

Pension Funds:
• Account for contributions received from/refunded to clients.
• Account for the appreciation/ depreciation in market value of investments.
• Account for investment transactions (purchases and sales) and income earned (interest, rental income, dividends).
• Monitor investments noting maturity dates and due dates for the receipt of interest payments.
• Reconcile balances per investment schedules (prepared by the Investment Accountants) to the General Ledger.

Monthly reporting:
• Finalize clients’ management accounts/reports for dispatch within five (5) working days after the reporting period.
• Prepare the relevant schedules to substantiate reported figures, e.g., analyses of assets, liabilities, receivables, income, expenses, etc.
• Perform analytical review of funds’ performance monthly

Cashflow Management:
• Monitor receipt and subsequent investment of pension contributions
• Monitor investments, ensuring that inflows attributable to the investments are received and reinvested on a timely basis.
• Ensure funds are available to settle operating expenses.
• Supervise the filing of Withholding Tax returns, ensuring that Withholding Tax Certificates are received and claims for refund are submitted monthly by the 15th day of the following month.

QUALIFICATION & EXPERIENCE:

Bachelor’s Degree in Accounting, Business Administration or Management Accounting from a recognized tertiary institution.

At least four (4) years’ experience in accounting, preferably at a financial institution.

SKILLS & COMPETENCIES:

Proficiency in the use of Microsoft Office Suite and Accounting/Investment Management systems.

Good knowledge of Excel/other relevant spreadsheet package.

Good working knowledge of investment accounting and auditing principles.

Working knowledge of internal controls and their application.

Sound understanding of financial instruments and the local securities market.

Current/updated knowledge of regulatory reporting requirements