Fund Officer at Pal Pensions

Job Summary

• We are seeking a detail-oriented Fund Accountant to join our Fund team.
• The ideal candidate will have a strong foundation in fund accounting and financial reporting, and will support the effective valuation, reconciliation, and regulatory reporting of our pension fund portfolios.
• The role offers an exciting opportunity to be part of a forward-thinking team driving automation and innovation in financial operations.

Key Responsibilities
Valuation & Reporting:

• Prepare accurate and timely monthly fund valuation reports showing yields and Net Asset Values (NAV).
• Supervise and execute monthly valuation and performance reports for regulatory submission to PenCom.
• Prepare and submit monthly financial reports to Fund Sponsors, ensuring compliance with deadlines and accuracy standards.
• Support the preparation of annual financial statements and ensure timely completion of audits with no material findings.
• Conduct fund performance analysis, benchmarking against other PFAs and industry standards.

Audit & Compliance:

• Support the annual year-end audit process, preparing documentation and responding to external auditor inquiries.
• Ensure reconciliation of Assets Under Management (AUM) with third-party confirmations to maintain financial integrity.
• Ensure adherence to financial regulatory guidelines and global accounting/reporting standards.

Innovation & Automation:

• Contribute to the automation of reporting and reconciliation processes.
• Assist in identifying and implementing innovative tools and procedures to improve accuracy and efficiency within the finance department.

Financial Analysis & Strategic Support:

• Support the preparation of reports such as Change in Net Asset Value (CNAV), MFR300, and ad-hoc performance reports for management and board meetings.
• Collaborate with the investment team to analyze fund performance and support strategic decision-making.
• Participate in departmental budgeting and responsibility accounting.

Requirements
Education:

• Bachelor’s Degree in Accounting, Finance, Economics, or a related field.
• Relevant professional certifications (or in progress) such as ICAN, ACCA is an added advantage.

Experience:

• 2 - 3 years experience in fund accounting, financial reporting, or audit (preferably within pension industry).

Skills & Competencies:

• Strong knowledge of fund accounting principles and financial reporting standards.
• Proficiency in Microsoft Excel and accounting software
• Strong analytical, reconciliation, and reporting skills.
• High attention to detail and accuracy.
• Excellent organizational and communication skills.