View Vacancy Id # 738
Title Portfolio Accountant
Summary The Portfolio accountant is responsible for preparing the required management reports, financial statements and regulatory reports, and for ensuring the timely and effective completion of the external audits of the assigned portfolios.


  • Bachelor’s Degree in Accounting, Business Administration or Management Accounting from a recognized tertiary institution.
  • At least four (4) years’ experience in accounting, preferably at a financial institution.


Pension Funds:

  • Account for contributions received from/refunded to clients.
  • Account for the appreciation/ depreciation in market value of investments.
  • Account for investment transactions (purchases and sales) and income earned (interest, rental income, dividends).
  • Monitor investments noting maturity dates and due dates for the receipt of interest payments.
  • Reconcile balances per investment schedules (prepared by the Investment Accountants) to the General Ledger.
  • Reconcile withholding taxes recoverable to withholding tax claims filed at the TAJ and withholding tax certificates.
  •  Ensure that all transactions are recorded in the General Ledger.
  • Prepare and ensure the posting of the relevant journal entries.
  • Perform weekly valuations/unit price calculations, where applicable. This takes the format of weekly Financial Statements.
  • Analyze the movement in units and unit prices, where applicable.

Monthly reporting:

  • Finalize clients’ management accounts/reports for dispatch within five (5) working days after the reporting period.
  • Prepare the relevant schedules to substantiate reported figures, e.g., analyses of assets, liabilities, receivables, income, expenses, etc.
  •  Perform analytical review of funds’ performance monthly
  •  Ensure that the GL system is kept current at all time (i.e., up to the previous day’s transactions).


Cashflow Management:


  • Monitor receipt and subsequent investment of pension contributions
  • Monitor investments, ensuring that inflows attributable to the investments are received and reinvested on a timely basis.
  • Ensure funds are available to settle operating expenses.
  • Supervise the filing of Withholding Tax returns, ensuring that Withholding Tax Certificates are received and claims for refund are submitted monthly by the 15th day of the following month.
  • Complete daily bank reconciliations and communicate free cashflows to the Investment Officer by 9.30am daily.
  • Monitor bank accounts to ensure effective cash management and to avoid overdraft penalties.
  • Liaise with Tax Administration Jamaica (TAJ) and Property Managers (where applicable) in relation to tax refunds and rental income, respectively, in order to receive and invest same to maximize the Funds' yield.
  • Provide information for cash flow report (upcoming week) by the end of the week (current).


Periodic functions:

  • Prepare for External Audits, i.e., liaise with the auditors, prepare audit schedules as well as confirmation letters for dispatch and follow-up of replies and/or discrepancies.
  • Provide information and prepare special reports (client/regulatory) upon request.
  • Prepare regulatory reports.
  • Assist Senior Accountant(s) with certain tasks and responsibilities, as and when required.
  •  Assist with internal and external audits and other projects, as and when required.
  • Performs any other duties that may be assigned from time to time.



  • Proficiency in the use of Microsoft Office Suite and Accounting/Investment Management systems
  • Good knowledge of Excel/other relevant spreadsheet package.
  • Good working knowledge of investment accounting and auditing principles.
  • Working knowledge of internal controls and their application.
  • Sound understanding of financial instruments and the local securities market.
  • Current/updated knowledge of regulatory reporting requirements.
  • Good knowledge of International Financial Reporting Standards (IFRS); the Pensions (Superannuation Funds and Retirement Schemes) Act; the Securities Act; and the Income Tax Act.
  • Ability to understand and co-ordinate work required to complete external audits
Date Posted Thursday December 6, 2018
Application Deadline Thursday December 13, 2018