I am a dedicated finance professional with a lot of experience in fund accounting, reporting, and financial management for investment and retirement funds. I have worked at top financial institutions for more than 15 years, moving through different positions. During that time, I developed my analytical, leadership, and regulatory reporting skills.
Hi, I’m
Nokuthula Ngubenkomo
Specialist Fund Accounting
Kraaifontein
Summary
Overview
20
years of professional experience
2
Certifications
Work History
RisCura InvestClaremont
Fund Accounting Specialist – Fund Accounting and Reporting
01.2024 - Current
Job overview
- Assist in the month-end reporting process to deliver timely and accurate information.
- Calculations of TWRR
- Preparation and review of Statement Ms
- Preparation and review of Monthly reports
- Preparation and review of working papers
- Preparation and review of regulatory reports, SARB, C48
- Assist with the year-end audit process and statutory reporting.
- Communicating and responding to queries internally and from the client, assisting team leaders and managers in resolving such queries.
- Mentor Fund Accountants.
- Assist in preparing other ad hoc queries/reports.
- Prepared working papers, reports and supporting documentation for audit findings.
RisCura InvestClaremont
Acting Team Leader – Fund Accounting and Reporting
07.2023 - 12.2023
Job overview
- Supervising Fund Accountants.
- Be an escalation point for the team where risks and judgment are required.
- Established team priorities, maintained schedules and monitored performance
- Effective capacity planning to ensure that deadlines are met
- Defined clear targets and objectives and communicated to other team members.
- Identify training requirements and talent in the team and ensure effective training and development takes place both on the job and external courses when applicable
- Evaluated team member performance against established objectives during regular reviews, offering praise for achievements or identifying areas requiring further development.
- Ensure daily controls are adhered to
- Coordinate team meetings and stimulate positive team performance
- Coach team and assist with effective query management and resolution.
- Conduct performance feedback and reviews, ensuring individual and team performance goals are met.
- Plan and manage team leave, ensuring appropriate coverage and resource allocation.
- Onboard new team members, integrating them into the team and providing necessary guidance.
- Participate in internal projects, contributing to improvements and initiatives.
- Managed conflict resolution among team members, fostering a positive and collaborative work environment.
The Catalyst GroupObservatory
Senior Associate - Portfolio Services
10.2022 - 03.2023
Job overview
- Responsibility for the accounting, valuation, and reporting of client funds
- Provide full reconciliation of all cash, positions, interest, and dividends to the manager, broker, and other sources
- Produce fund-specific cash, position, market value, and position reconciliations
- Responsible for data entry, monitoring, and exception clearing of trade, price, security, and corporate action data
- Resolving complex system-based queries impacting the accuracy of position and P&L valuations
- Communicating and delivering reporting to the direct client, on a daily, weekly, and monthly basis as required
- Performing valuation quality assurance reviews and ensuring consistent quality of output
- Provide ad-hoc day-to-day support on requests that come up.
RisCura InvestClaremont
Fund Accounting Specialist – Fund Accounting and Reporting
12.2021 - 09.2022
Job overview
- Producing and reviewing fund accounting and reporting on client investments.
- Monthly reconciliation of investment accounting records to different sources
- Monthly reconciliation of unitisation data to asset manager data
- Monthly client performance reporting
- Fund Fact Sheets
- Quarterly Regulatory reporting (SARB Asset Allocation Reports)
- Quarterly Total Investment Costs (TIC) calculations
- Assist in preparing other ad hoc queries/reports.
Curo Fund ServicesBellville
Senior Fund Accountant – Derivatives
07.2017 - 11.2021
Job overview
- Daily reconciliation of trading positions with broker statements
- Validation of daily trades
- Calculate daily Open Contract MTM
- Daily reconciliation of new transactions
- Daily position reconciliation
- Intercompany transactions
- Supported timely completion of audits by providing accurate documentation and responding promptly to auditor inquiries.
- Prepared cash and currency reconciliation reports for counterparty accounts.
- Developed and maintained strong relationships with external auditors, leading to smoother audit processes and reduced risk of compliance issues.
- Collaborated with IT teams to implement system upgrades that increased the speed and accuracy of processes.
Curo Fund ServicesBellville
Senior Fund Accountant – Price Source and Scrubbing
06.2014 - 06.2017
Job overview
- Ensuring accuracy, quality, and efficiency relating to instrument pricing
- Sourcing, verification, and updating of prices on the investment system (HI portfolio)
- Analyse and clear security-valuation exceptions arising daily using systems such as MDS, Bloomberg, Interactive Data, and INET
- Apply knowledge of financial instruments to ensure securities are correctly valued
- Update of process documentation changes arising due to changes in procedures.
- Achieve deliverables against agreed deadlines.
Curo Fund ServicesBellville
Fund Accountant – Unit Trusts
11.2013 - 05.2014
Job overview
- Preparation of accurate financial statements as per the client Service Level Agreements.
- Escalation, documentation, and resolution of IL/GL variances
- Ensure correct accounting for Income Distributions
- Close communication with NAV and other departments within Operations.
- Ensure compliance with company policy and procedures, Service Level Agreements, and Internal Controls.
- Assist in preparing and maintaining management information (stats, KPIs, ad-hoc reports)
- Managed cash flow effectively by monitoring daily cash balances, forecasting future needs, and allocating resources accordingly.
Sanlam Employee BenefitsBellville
Fund Accountant
07.2007 - 03.2013
Job overview
- Review the fund’s records and prepare relevant working papers for the annual financial audit
- Prepare and review annual financial statements.
- Manages external audits of client funds and ensures issues are resolved
- Ensure that the fund’s finances are managed prudently and effectively and under trustee instructions.
- Monitor and ensure compliance of the fund with its rules, statutes, and regulations
- Trained new employees on accounting principles and company procedures.
- Provided journal entries and performed accounting on an accrual basis.
Ernst & YoungCape Town
Retirement Fund Auditor
01.2006 - 06.2007
Job overview
- Recalculate employer and employee contributions as a percentage of payroll using the contribution rate supplied by the fund's rules.
- Confirm that benefits (Withdrawal, Death, and Retirement) are calculated according to the rules of the fund. Check that benefits have been disclosed correctly in the Annual Financial Statement
- Request third-party confirmation from investment managers to confirm closing investment balances and movements on investment during the year.
- Check if member names have been duplicated, duplicated contributions, and any member on the member list is above normal retirement.
- Enquiry if the fund has its bank account as stipulated in the Pension Fund Act
- Maintained confidentiality, handling sensitive information discreetly throughout all stages of the audit process.
- Performed observations and evaluated supporting documents to supplement audit findings.
- Provided detailed documentation on audit findings, facilitating swift corrective action when necessary.
Education
University of SuffolkSuffolk
MBA from Business Administration Program
04.2001
University Overview
Completed
Cape Peninsula University of TechnologyCape Town
Bachelor of Technology from Internal Auditing
01.2006
University Overview
Cape TechnikonCape Town
National Diploma from Internal Auditing
01.2004
University Overview
Sinethemba HighCape Town
Matric Certificate
01.2001
University Overview
Skills
Statement preparation
References
References
- Ganief, Radien, Team Leader, 082 755 0951, Curo Fund Services
- Gerard, De Villiers, Reviewer, 079 331 9291, Curo Fund Services
- Esther, Conradie, Review Manager, 083 374 0269, Sanlam EB
Certification
New Leader Training, Learn to Lead
Timeline
Fund Accounting Specialist – Fund Accounting and Reporting
RisCura Invest
01.2024 - Current
New Leader Training, Learn to Lead
11-2023
Acting Team Leader – Fund Accounting and Reporting
RisCura Invest
07.2023 - 12.2023
Senior Associate - Portfolio Services
The Catalyst Group
10.2022 - 03.2023
Fund Accounting Specialist – Fund Accounting and Reporting
RisCura Invest
12.2021 - 09.2022
National Certificate in Financial Markets and Instruments, Full Value
12-2017
Senior Fund Accountant – Derivatives
Curo Fund Services
07.2017 - 11.2021
Senior Fund Accountant – Price Source and Scrubbing
Curo Fund Services
06.2014 - 06.2017
Fund Accountant – Unit Trusts
Curo Fund Services
11.2013 - 05.2014
Fund Accountant
Sanlam Employee Benefits
07.2007 - 03.2013
Retirement Fund Auditor
Ernst & Young
01.2006 - 06.2007
University of Suffolk
MBA from Business Administration Program
04.2001
Cape Peninsula University of Technology
Bachelor of Technology from Internal Auditing
Cape Technikon
National Diploma from Internal Auditing
Sinethemba High
Matric Certificate