Financial Reporting Accountant

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.

Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

Financial Reporting Accountant
Cape Town

Description

The primary responsibility of this position is to prepare annual financial statements(“AFS”) for all funds, review annual financial statements and manage the audit process from beginning to end.  The individual will be required to have a good understanding of International Financial Reporting Standards (IFRS), Luxembourg GAAP and US GAAP to be able to prepare the financial statements.

Job specification

• Be the central point of contact for the auditors.

• Preparation and distribution of audit timetable based on provisional dates available for the audit, after reviewing of planned audit schedule and liaising with auditors.

• Preparation of trial balance using reports extracted from Invest One and Paxus.

• Preparation of interim and annual financial statements using trial balance and other reports extracted from Invest One and Paxus.

• Compilation of audit pack and other information to be sent to auditors before the start of the audit in accordance with audit timetable.

• Managing the audit log and audit queries to ensure that all information requested by the auditors is sent to the auditors and is accurate and provided timeously.

• Follow up on all outstanding issues from the auditors and provide regular feedback to Client Relationship Managers, clients and fund accountants.

• Update AFS with auditor’s comments and distribute them timeously to auditors.

• Remaining up to date regarding changes in IFRS and impact on financial reporting

Skills Required:

• An accounting qualification (minimum B.Com Accounting or equivalent), together with either audit experience or fund accounting experience and experience in the preparation of annual financial statements.

• This is an entry level role, 6 months -1-year experience required.

• Advanced level experience in using Excel and MS Word.

• Proven competence and an aptitude for working with systems.

• Detailed understanding of International Financial Reporting Standards, specifically IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments: Recognition and Measurement and consolidations and an understanding of GAAP.

• Knowledge of Luxembourg and US GAAP will be an advantage.

• An understanding of funds and fund structures.

• Knowledge of the hedge fund industry and unit trusts.

• Experience in the preparation of financial statements.

• Experience in dealing with clients.

• Excellent communication skills (both written and verbal);

• Confident, enthusiastic and self-motivated and

• A track record of achievement.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.