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South Africa

Fund Accountant

Company Eskom Pension and Provident Fund
Reference # FA001
Published 31/07/2020
Contract Type Permanent
Salary Market Related
Location Bryanston, Gauteng, South Africa
Introduction
The reconciliation and correction of all member and pensioner activities that have a direct impact on financial reporting of the Fund. To accurately reconcile and post in the General ledger the member and pensioner activities of the Fund. To check reconciliations from other departments relating to member and pensioner activities and ensure all reconciling items are cleared within the required timelines.
Job Functions Accounting
Industries Financial Services
Specification
1.FUND ACCOUNTING

•Prepare monthly scheme reconciliations.

•Prepare all adjustment and reallocation journals for the month (if required).

•Reconcile all benefit and third-party payment accounts.

•Prepare Monthly / Daily reconciliations on all benefit payments/ raising of liabilities and third-party payments.

•Review all membership count reports on a monthly basis and ensure queries are cleared by relevant departments.

•Review/ prepare monthly contribution collection reports and ensure queries are cleared by relevant departments within required timelines.

•Reconcile on a monthly basis the trust, benefits payable, pensioner, unclaimed benefits, and contributions receivable control accounts.

•Prepare monthly reconciliations for all Money Purchase schemes.


2.ASSIST WITH AUDITS

•Prepare monthly audit file and submit to Manager for review.

•Reconcile financial year end accounts and prepare year end global recons.

•Preparation of Audit file for internal audit.

•Liaise with internal and external Auditors during all auditing processes.

•Assist internal and external audit.


3.PROVIDE INTERNAL/EXTERNAL CUSTOMER SERVICES

•Reconciliation of unclaimed benefit accounts.

•Develop reports with service providers to allow for performance of duties.

•Implement where applicable internal and external audit findings in respect of internal controls and reporting requirements.

•Act as a link to all Member administration departments and the Finance department.


4. PROVIDE MEMBER ADMINISTRATION SERVICES

•Preparing budgets in respect of all pensioner and active member accounts.

•Update and estimate cash flows on a daily basis in respect of all Fund administration activities.


5. AD HOC DUTIES

•Perform duties relevant to the role as determined and developed.

•Liaison with actuary.

•Development of reports from Everest Employee benefit system.



Requirements
•Bachelor's Degree in Finance / Accounting or Commerce.

•Retirement Fund qualification will be an added advantage.

•Knowledge of the Everest Employee Benefit System.

•At least 3 years’ experience in a Pension Fund Industry performing the Fund accounting function on the Employee Benefit side.

•Audit working papers experience preferred.

•Knowledge of Pensions Fund administrative procedures and processes.

•Knowledge of Pension Benefits.

•Knowledge of Employee Benefits system (Everest).

•Excel advanced.

•MS office.

•Understanding of the Pension Fund Act 24 of 1956.

•Numeracy.

•Attention to detail.

•Team Work & Collaboration.

•Results-driven.

•Analysing & problem solving.

•Manages complexity and ambiguity.

•Customer focus.

•Judgement & decision making.

•Effective communication.

•Planning & organizing.

•Time management.

•Coping under pressure (Stress tolerance).

Job Closing Date 07/08/2020
   
   
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Last Updated: 30-7-2020 [20.07.03.04]
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