Alternative Investments Accountant

Finance, Risk and Structuring · Cape Town, Western Province
Department Finance, Risk and Structuring
Employment Type Full-Time
Minimum Experience Entry-level
Compensation Market related

Reports To

Finance Manager – Fund Administration

 

Location

Cape Town, South Africa

 

Job purpose

Climate Fund Managers (CFM) is a leading blended finance fund manager dedicated to securing a sustainable future by investing across global emerging markets. CFM has a long-term vision to structure cutting edge financing facilities around thematic areas of climate change mitigation and adaptation, including renewable energy, water and oceans, sustainable land use, and sustainable cities. CFM is established as a joint venture between the Dutch development bank FMO and Sanlam InfraWorks – part of the Sanlam Group of South Africa.

 

CFM is seeking to appoint a Senior Fund Accountant to manage multiple tasks in relation to fund accounts, including: managing the relationship with the outsourced fund administrator, end to end co-ordination of fund activities (closings, draws, investment and distributions), reviewing fee calculations, creditors management and bank/payments processes, finalizing calculation of net asset values, reviewing reports and finalising financial reports (including investor specific reports and financial statements), scheduling audits, compliance reports, and forecasting.

 

Job Description

The primary responsibility of the position is to manage the outsourced fund administrator and depositary to ensure delivery in terms of the services agreement thereby ensuring accurate and timely reporting to investors, this includes but is not limited to:

  • Review fund closing workings and income calculations and manage debtors aging
  • Determine investor allocation per project and manage drawdown process
  • Prepare accounting note per project, review and finalise equity and loan schedules, interest calculations, settlements management and finalization of investment register
  • Manage payment process and ensure timely settlement of payments, manage creditors aging
  • Valuation interface between CFM and fund administrator and ensuring accurate reporting
  • Review and finalise
  • Sources and applications and recycled capital schedule per Fund
  • NAV workings/distribution waterfall per Fund
  • Capital account statement and ad hoc investor reports
  • Review and finalization of reporting packs, annual financial statements, and governance reports and other management information
  • Maintain Fund Model and gather inputs into assumptions to ensure efficient, accurate & timely budget and forecasting preparation and review
  • Banking & treasury
  • Ensure timely settlement of payments
  • Prepare regular cash flow forecasting
  • Timely & accurate response to management queries
  • Review and reconciliation of sources and applications
  • VAT/Corporate Tax compliance
  • Manage external audit
  • Keeping abreast of industry development/technologies
  • Execution of ad hoc projects

Qualifications and Experience

  • CA(SA) qualification essential. Relevant experience in the financial services sector preferred
  • Proficient in MS Office suite (Word, Advanced Excel, PowerPoint and Outlook) and Adobe PDF;
  • Strong knowledge of complex accounting standards would be a distinct advantage;

Skills and Expertise

  • Results-orientated individual who works with a strong sense of urgency and thrives in a fast-paced setting;
  • Strong analytical and numerical skills;
  • Ability to deliver results;
  • Ability to work under pressure;
  • Strong accounting technical knowledge;
  • Excellent communication (verbal and written) skills;
  • Strong excel skills
  • Ability to communicate financial information in a clear and concise manner.

Thank You

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  • Location
    Cape Town, Western Province
  • Department
    Finance, Risk and Structuring
  • Employment Type
    Full-Time
  • Minimum Experience
    Entry-level
  • Compensation
    Market related