MAIN DUTIES/RESPONSIBILITIES:
- Preparation of Self Managed Superannuation Fund (SMSF) year end accounts; which includes financial statements, member statements and SMSF Annual Returns (SAR) for a portfolio of self-managed superannuation funds using BGL Simple Fund 360
- Preparation of year end workpapers utlising the workpapers function within BGL Simple Fund 360 software
- Process and reconcile fund transactions, including bank data feeds, investment income, contributions, pension payments and rollovers
- Calculate member contributions and pension payments, monitor contribution caps and minimum/maximum pension limits, and prepare Transfer Balance Account Reports (TBAR)
- Prepare and lodge Business Activity Statements (BAS) and Instalment Activity Statements (IAS) where applicable
- Understand the rules with contribution caps, SIS Act, SIS Regulations and ATO requirements, including the sole-purpose test, in-house asset rules and related-party transaction rules
- Identify client mistakes and troubleshoot how to fix (shortfall in minimum pension, incorrect withdrawals, exceeding contribution caps).
- Ensuring the correct allocation of Superannuation Contributions and pension withdrawals
- Prepare audit work papers and supporting documentation, and liaise with the independent SMSF auditor to resolve queries
- Preparation of superannuation fund cover letters and year end pack
- Preparation of Pension Paperwork (Commencement/Commutation)
- Maintain corporate trustee and superannuation fund records
- Manage ASIC lodgements using BGL CAS 360
- Liaise internally on queries for SMSF year end work and draft queries for your manager to review.
- Manage and track your workflow to maintain deadlines.
- Keep up to date with changes to superannuation legislation, tax rules and ATO rulings
- Other tasks as directed
SKILLS & EXPERIENCE
Qualifications:
- Degree in Accounting, Commerce or a related discipline
Experience:
- Minimum 2 years experience in SMSF administration and accounting with an Australian firm.
- At least 2 years hands-on experience using BGL Simple Fund 360 (experience with BGL and CAS 360).
- Proven experience preparing SMSF financial statements, annual returns and audit work papers from start to finish for a portfolio of funds
- Experience preparing pension, contribution and tax calculations and liaising with SMSF auditors
- Experience dealing with SMSF audit queries from the auditor.
- Strong ability to draft queries for year end superannuation fund accounts missing information / contribution confirmation etc.
