Manager: Finance – CAM: Investment Management

Description

• To oversee the finance department´s activities of Capricorn Asset Management (Pty) Ltd (CAM), Capricorn Unit Trust Management Company Limited (CUTM), The Capricorn Unit Trusts and of Caliber Capital Trust; ensuring that the monthly accounting work is done timeously and accurately; and ensuring that all internal controls that are in place are working effectively and efficiently

Duties

• Financial Planning and Budgeting:
• Ensure CUTM and CAM Accounting is completed by the set period per month
• Draft financial budgets for CAM and CUTM
• Assist in compiling AUM reports and Executive summary graphs
• Consolidated Financial Reporting:
• Preparation of financial statements for CAM, CUTM, Capricorn Unit Trusts
• Prepare Caliber Capital Accounting, Report to EMT/Board and Trustees, NAMFISA and compilation of Annual Financial Statements
• Submit the Management Accounts of CAM and CUTM to Capricorn Group via TM1 within specified timeframes (Quarterly group submissions)
• Submit Management Accounts carve-out of Capricorn Private Wealth and CAM Wealth within specified timeframes
• Submit Management Accounts of Caliber Capital within specified timeframes
• Review Script Reconciliations (of all Portfolios managed by CAM) prepared by junior accountant and resolve discrepancies by engaging with the independent custodian and Portfolio Administration divisions
• Unit reconciliations: review unit reconciliations prepared by subordinates and resolve discrepancies by engaging with Client Administration and Portfolio Administration divisions
• Draft monthly Management reports and Quarterly Board Reports within specified timeframes
• Provide financial data to various departments in CAM to assist with sales result interpretation i.e., Marketing/Risk departments
• Management and Cost Accounting:
• Ensure that creditors are paid on a timely basis and in line with cash flow plans
• Follow up on debtor balances, ensuring effective fee recovery
• Review daily bank balance reconciliations of the entities
• Monitor cash balances used for operations
• Monitor Investment balances especially those linked to statutory investments required by NAMFISA
• Ensure that CAM and CUTM intercompany balances are in balance on a monthly basis Cost Accounting and monitoring department and product performance against budget
• Review and perform monthly fund accounting and ensure it is completed within the specified time frame
• Correct differences in unit recons in FPM3 or Silica
• Process monthly distributions on Silica and ensure that any queries/errors are resolved
• Process LISP distributions as and when required on Silica and ensure that the units to pay WHT are sold
• Review or calculate the interest/dividend spilt on non-Money market distributions
• Sell units on the Fundamental system so as to generate funds to pay the corresponding WHT associated with the distribution of income
• Review the monthly email statement sample before release
• Process the yearly tax statement run with Silica and ensure that the tax statements are accurate by reviewing samples before sending out the statements
• Assist External and Internal Auditors during audit engagements; CAM, CUTM, Unit Trusts, and Caliber Capital Trust audits
• Review and sign off Audit Confirmations required by clients
• Review and release the payment of the CAM monthly expenses
• Review the Petty Cash reconciliations
• Assist Caliber Capital staff on any finance-related matters (i.e., analyzing financial statements of potential loanees)
• Calculate Segment Income ratios on a monthly basis
• Compile the Management Fee Sheets monthly
• Calculate the management fees for all segregated portfolios and ensure that invoicing is performed on time
• Calculate the NAMFISA levies and complete the NAMFISA fee schedule on a monthly basis
• Submit the NAMFISA returns on a quarterly basis
• Ensure that the payment of NAMFISA fees over to NAMFISA is performed accurately and on time
• Review Trustee fees calculations on a monthly basis and ensure that the fees are paid on time
• Implement and Perform Financial Controls:
• Implement and monitor controls in the finance department
• Continuously improve the controls and control environment in the Finance division and CAM as a whole
• Ensure that the disaster recovery procedures are followed in the finance department
• Compliance:
• Assist in establishing policies and controls to ensure compliance with International Financial Accounting and Reporting Standards (IFRS) and statutory and regulatory rules as they pertain to the Group
• Prepare the Annual Audit Certificates required by the Pension Fund Portfolios managed by CAM
• Review the test sample of the Annual WHT Certificates to be issued to clients
• Submit the annual VET (Vocational and Education Training) Levy claim forms
• Drafting income taxation calculations for CUTM and CAM
• Review VAT returns completed by accountants and ensure that the returns are submitted within the specified time period
• Review Import tax and WHT returns calculated by accountants and ensure that the returns are submitted within the specified time period
• Review/Ensure Withholding Tax (WHT) processing on FPM3 and Silica
• Assist in ensuring compliance to policies and acts, income tax, and Unit Trust Control Act and reports to Group on compliance issues
• Risk Management:
• Working in line with the risk management strategy and identifying key risk indicators and reporting deviations to the department
• Monitor and Review the Manco Cheque/Call account reconciliations prepared by Client Administration
• Manage the financial risk of the organization ensuring that plans are in place to address and mitigate any potential risks
• Assist in the preparation of risk reports, audit finding reports, dashboard reports etc., and ensure that all reports have supporting performance information or reference to the information
• Portfolio Administration:
• Assist Portfolio Administration with approval of settlement instructions and reconciliations at times when Portfolio Administration is understaffed due to leave
• Strategy:
• Contribute to the overall CAM strategy
• Direct the strategic ambitions of the finance department
• People Management:
• Perform in-house training of subordinates on various accounting-related matters
• Ensure staff attend the needed training to enhance skills and productivity within department
• Manages the team to ensure that work standards and quality work output targets are achieved and maintained
• Ensure own and subordinates staff bi-annual performance appraisals and health checks are done timeously
• Ensure & Manage self-development as per personal development plan (PDP) and career path
• Key Relationship Interfaces: (Relationships with key parties on work-related issues)
• Internal Relationships:
• All staff members
• CAM Executive Management Team
• Group Finance
• Group Operations Support
• Caliber Capital Board of Trustees
• Internal Relationships:
• Regulators (Namfisa)
• External Auditors
• NAMRA (Receiver of Revenue)
• Pension Fund administrators
• Investees/Clients/Customers

Requisites

• Educational Requirements, Experience, and Knowledge:
• Qualified Chartered Accountant
• Up to 5 years’ experience in finance (Inclusive of articles) with 2 – 3 years being in a supervisory or managerial position preferably in the financial services industry
• Knowledge of accounting software (i.e., Pastel) will be an advantage
• IBM CDM (Cognos Disclosure Management) financial statement preparation software knowledge will be an added advantage
• Competencies Required:
• Knowledge of accounting software
• Knowledge of Taxation rules and regulations
• Sound knowledge of financial accounting, cost accounting, and financial reporting processes and systems
• Knowledge and understanding of consolidated budgeting principles, processes, and procedures
• Learning & Researching skills
• Strong verbal and written communication skills
• Coaching and mentoring skills
• Sound time management skills
• Self-confidence, drive, and tenacity
• Able to assume a high level of responsibility
• Trustworthy and high level of integrity
• Positive attitude toward change
• Team Player
• Well-rounded skills in Microsoft packages, computer skills

Notes

• Only shortlisted applicants will be contacted