Job Description
This role is individually accountable for achieving results through others, over periods of 3 months to a year. The focus is the following: execution of the business plan and for governance and compliance at an operational level, preparation of management reports, provision of interpretation of financial data and predictive results, implementation of accounting processes, systems and controls for a product and is responsible for product profitability analysis.
Role Overview:
An exciting opportunity has arisen within Old Mutual Alternative Investments (OMAI). OMAI has experienced phenomenal growth since its inception in 2007 and with US$5 billion under management we are the largest private alternative investment manager in Africa. We manage investments in private equity, economic infrastructure, and social infrastructure.
The successful incumbent will be responsible for the financial reporting and fund administration of various Funds managed by OMAI.
Key Results Area:
Financial Reporting
- Control and oversight of the GL for Funds & fund structures
- Preparation of monthly management accounts
- Managing and reporting outstanding debtors and creditors
- Cash management including cash flow forecasts
- Budgeting, forecasting, and reporting to management and shareholders
- Perform fee calculations i.e. management fees, performance fees, participation fees
- VAT and Income Tax calculations and returns
- Preparing, reviewing, and posting of journals
- 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
- Growing business and opportunity to streamline processes
- Review Fund Formation Agreements to ensure compliance with reporting obligations
- Instruct processing of transactions (Efront)
- Provide financial information for investor communications, including bi-annual reporting
- Calculate investor distributions and contribution amounts required
- Preparation of drawdown/distribution notices
- Maintenance of investors capital commitment accounts and unit/share registers
- Prepare response to investor queries and requests
- 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, including the application of Hiport
- Commercial knowledge of asset management/alternative asset classes advantageous
- Contractual competence
- Good planning and organizing skills
- Strong Excel skills
- Proactive and analytical orientation
- Attention to detail
- Team Orientation
- Leadership skills
Education
Closing Date
26 August 2023
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
