Closing Date: 15 August 2025
Reference Number: MMH250730-5
Job Title: Fund Accountant
Position Type: Permanent
Role Family: Finance
Location – Town/City: Maseru
Introduction
An opportunity exists to join this Investor in People Company in the above capacity. Metropolitan Lesotho is a wholly owned subsidiary of Momentum Group, a company registered on the Johannesburg Stock Exchange. We are currently looking for a dynamic and self-motivated individual in the position of Fund Accountant based in Maseru, Lesotho. The incumbent will report directly to the Finance Manager: Regulatory Reporting.
Disclaimer: As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
Accurately control and process financial information, including financial reporting and analysis, that enables the interpretation of financial information and informs business processes and decision making.
Requirements
- Bachelor’s Degree in Accounting
- OR Chartered Accountant
- OR any finance-related degree
- A qualification in Pension Law and/or Certificate of Proficiency in Long-term Business will be an added advantage
- 2–3 years’ experience in Fund Accounting or related (essential)
Duties & Responsibilities
Financial Reporting & Accounting
- Maintain General Ledger: Record all transactions accurately (contributions, investment income, benefit payments, expenses, transfers)
- Prepare Financial Statements: Generate periodic (quarterly, annual) financial statements for the fund
Reconciliation & Control
- Bank Reconciliations: Timely reconcile the fund’s bank accounts to the general ledger
- Control Accounts Reconciliations: Timely reconcile the fund’s control accounts and resolve all issues
- Contribution Reconciliations: Match contributions received from employers against expected amounts
- Investment Reconciliations: Reconcile Administration System records and General Ledger with asset manager statements
Compliance & Regulatory Reporting
- Preparation & Filing of regulatory returns, including audited financial statements
- Tax Compliance: Ensure compliance with relevant tax regulations (RSL), pay tax withheld, and report to RSL
Actuarial & Valuation Support
- Provide accurate financial and participant data to actuaries for periodic valuations
Audit Support
- Prepare supporting schedules and documentation for external auditors
- Respond to auditor inquiries and implement recommendations
Cash Management
- Monitor cash flows and ensure liquidity for benefit payments and expenses
Communication & Collaboration
- Work with Trustees: Provide financial reports and explanations
- Liaise with Investment Managers: Resolve reconciliation issues
- Support Plan Administration: Collaborate with retirement administration team
Internal Controls & Process Improvement
- Maintain strong internal controls over financial reporting and asset safeguarding
- Continuously improve accounting processes and reporting efficiency
Competencies
- Checking Things: Meticulous in finding errors; ensures accuracy
- Documenting Facts: Writes fluently; understands arguments logically
- Examining Information: Analyses and processes information; problem-solving
- Following Procedures: Adheres to rules and procedures
- Interpreting Data: Quantifies issues; evaluates information objectively
- Meeting Timescales: Meets deadlines; reliable in task completion
- Providing Insight: Identifies key issues; makes intuitive judgments
- Showing Composure: Stays calm under pressure; tolerates stress levels