Fund Financial Accountant
Fund Financial Accountant
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Old Mutual Alternative Investments (OMAI) is one of Africas leading private alternative investment managers. We have over *ZAR 147.6 B (USD 7.8 B) in assets under management in Infrastructure Private Equity Impact Investing Hybrid Capital and Diversified Credit.Established in South Africa in 2000 OMAI is one of the first alternative investment managers inheriting a rich history in the investing space as a member of the Old Mutual Group with more than 175 years of investing experience in Africa. We aim to deliver consistent competitive returns to investors and create a positive long-term impact in the communities and environment we live and invest in.
The successful Financial Accountant will be responsible for preparing management accounts and reports providing interpretation of financial data and predictive results. The Financial Accountant will support the Fund Accounting and Operations team with fund administration of various Funds managed by OMAI.
Key Result Areas:
Accountable for the financial reporting and administration of unlisted LP/GP fund structures. Key outputs include:
Financial Reporting
- Control and oversight of the GL for Funds & fund structures
- Preparation of monthly/Quarterly management accounts
- Managing and reporting outstanding debtors and creditors
- Cash management including cash flow forecasts
- Budgeting forecasting and reporting to management and shareholders
- Fee calculations i.e. management fees carried interest participation fees
- Income Tax calculations and returns
- Preparation and review of journals
- Preparation and review of bank reconciliations
- Expense analysis and reporting
- Responsible for audit liaison and preparation of annual financial statements
- Compliance with tax legislative and statutory requirements
- Respond to reporting requests from external and internal stakeholders
- Growing business and opportunity to streamline processes
Fund Administration
- Review Fund Formation Agreements to ensure compliance with reporting obligations
- Instruct processing of transactions (Efront HiPort)
- Provide financial information for investor communications including quarterly financial and investor reporting
- Oversight of investor distributions and contribution amounts required
- Preparation of drawdown/distribution notices
- Maintenance of investors capital commitment accounts
- Prepare response to investor queries and adhoc requests
- Compliance with Exchange Control requirements where applicable
- Assist with automation initiatives
- Assist with operating systems upgrade testing and developments
- General support for the operational functions within the team
Required Qualifications & Proficiencies:
- CA (SA)
- A minimum of 5 years experience in financial services preferably in fund accounting
- Knowledge of IFRS
- Exposure to tax and VAT
- Technical knowledge
- Commercial knowledge of asset management/alternative asset classes advantageous
- Experience of GP/LP partnership fund structures beneficial
- Exposure to complex debt instruments beneficial
- Exposure to Unitised fund structures and pricing beneficial
Key Attributes and Competencies
- CA (SA)
- A minimum of 5 years experience in financial services preferably in fund accounting
- Knowledge of IFRS
- Exposure to tax and VAT
- Technical knowledge
- Commercial knowledge of asset management/alternative asset classes advantageous
- Experience of GP/LP partnership fund structures beneficial
- Exposure to complex debt instruments beneficial
- Exposure to Unitised fund structures and pricing beneficial
Skills
Accounting Alternative Investments Budget Management Business Requirements Analysis Data Controls Evaluating Information Financial Accounting Financial Acumen Financial Analysis Financial Auditing Financial Modeling Fund Accounting International Financial Reporting Standards (IFRS) Legal Practices Management Accounting Policies & Procedures Report Review Taxes Value-Added Tax (VAT)Competencies
Business InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyPlans and AlignsEducation
Chartered Accountant (Required)Closing Date
04 September 2025 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
The Old Mutual Story!
Employment Type
Full-Time
