Finance Analyst

We are looking for a Finance Analyst who will be responsible for supporting the financial processes, reporting and rhythms of the Edge Ventures and underlying investment funds, strategic and operational support to the Finance Manager. This role is a part-time contract role of up to 25 hrs a week. The key responsibilities of this role are to ensure that the investment (Loan and Equity) cashflows are effectively led, managed, planned for and that taxes relating to the Funds are effectively managed, and that there is adequate risk management on the liquidity and solvency of the Funds. Accountable for the implementation of finance policies, enhancement of controls and ensuring the accuracy of financial records.

Loan Management Process (Loan Management System)

· Ensure all loans are timeously and accurately captured by the Deal Team on the Loan Management System and Growth Tracker(terms, loan ID’s, loan name, etc.).

· Ensure that the Loan Management System and amortisation schedules are updated regularly by verifying and processing investee repayments and debit orders on Loan Management System and ensure it is accurately captured.

· Manage communication between investment management and finance on investments.

· Engage with the Deal- and portfolio management team members to resolve Loan Management System queries, or payment alternatives.

· Feedback on Loan Management System and other systems and any other related queries.

· Manage and review secondary processes for recovery of funds where collection processes did not run correctly.

· Ensure all investee statements are timeously and accurately prepared for investees.

· Ensure all investee statements are timeously and accurately distributed to investees.

Liquidity Planning & Treasury Management

· Manage and maintain liquidity planning for the Funds with clearly defined cashflow requirements.

· Manage the invoicing process to ensure that the Funds are invoiced on time, accurately and in line with cash flow forecasts.

· Follow up with Operations Team when to expect payments from or repayments to Funders if it’s overdue.

· Manage banking DOA and being the main contact person for the banks.

· Conduct verification of new bank account details and loading of new bank recipients.

· Ensure banking information is kept updated to enable full compliance with the regulatory framework (e.g. FICA, KYC and Financial Services undertakings).

· Manage deployments, payments and collection files for month end processing.

· Calculating the monthly/quarterly fund management fee for Funds and instruct Core Finance Team to generate the applicable invoices for distribution and payment.

· Generate sales invoices on accounting packages (e.g. Xero/Sage One) for recovery of expenses to ensure timeous recovery of expenses on Funds.

· Review monthly invoice packs and payments on bank for authorisation.

· Review, authorise and advise financial administration procedures including monthly reconciliations, invoices, expenses and payments.

· Conduct and review CP checklists to ensure compliance pre- and post-deployments to Investees.

· Aid the Financial Manager with the preparation of Treasury reports to provide insights into the financial health of the company.

· Manage and maintains cashflows on the Portfolio Performance workbook to ensure accurate reporting on performance of investments and Funds.

· Play a support role to the financial manager on balance sheet management and investment substantiation. (Debt, Equity and Hybrid instruments).

· Aid in reporting on complications and reviews of financial information, business cases and general reporting.

· Support the integration of new funds into finance where necessary.

· Collaborate with the Operations Team to ensure that each Fund under management’s capital register is kept up to date with new investor contributions and withdrawals and that monthly reconciliations are being performed.

· Provide regular updates and feedback on performance of the relevant service providers (JZA Advisory, NFS).

· Ensure that all new contracts that are signed; all addendums (incl. cession agreements) are sent to Bookkeepers for reporting and updating accounting records.

· Support the Bookkeepers with the allocation of transactions on the accounting system.

· Support the preparation of monthly management accounts.

· Manage and distribute monthly Fund bank statements and investment reports to external stakeholders.

Tax Management

· Ensure the preparation of all necessary tax submissions by bookkeepers and finance teams are done timeously (VAT, Income Tax, Provisional tax etc).

· Review and provide support on the preparation of tax returns and payments to SARS (VAT, Tax and PAYE).

· Ensure timeous submission on E-filling.

· Conduct regular checks on the SARS system.

· Provide support for audits regarding tax matters.

· Manage the year end process in terms of tax certificates to investors, IT3B.

· Verify account balances by performing reconciliations on tax general ledger accounts.

· Ensure the organization is up to date with changing tax obligations and contact tax agencies to apply for and set up new tax IDs as necessary.

· Maintain all tax information for record keeping purposes.

· Stay up to date on all tax laws and changes.

· Obtain annual tax compliance status for legal entities.

Client Relationship Management

· Build and manage relationships with teams to ensure required input is provided to help create invoicing, management accounts etc.

· Build and manage relationship with external stakeholders with of the Funds.

· Communicate with bookkeepers and service providers (JZA Advisory, RSM, NFS, etc.) regarding amounts provided in the Finance Packs to ensure accuracy.

· Ensure other key stakeholders are supplied with information as and when needed.

· Coordinate and support ad-hoc finance projects and initiatives.

· Support IP development and knowledge management.

Requirements

· BCOM degree

· BCOM Accounting degree will be advantageous

· Relevant post-graduate qualification advantageous

· Alternatively, exceptionally strong candidates (as measured against the experience and general capabilities listed above)

· 2 – 3 years in financial services sector administration, operations, finance or project management.

· Relevant accounting/bookkeeping experience.

· Strong analytical skills.

· Preference will be given to candidates with strong MS Office Skills (Word, Excel, Powerpoint).

· Exposure to working with off-the-shelf accounting systems will be advantageous (i.e. Xero, Sage, etc.)

· Client and stakeholder relationship management experience favourable.

· Tax legislation experience and exposure would be advantageous.