Lungile Malgas

Accounting professional with 7 years of experience in pension fund administration and Accounting. Strong experience across Fund Accounting operations, audit support, ALM processes, reconciliations, working paper review, regulatory submissions and investigation of discrepancies. Experienced in working with auditors, reviewing audit documentation, resolving audit queries and supporting the preparation and submission of regulatory returns.

Currently working at Fairsure with a strong focus on audit, ALM and regulatory requirements.

Fund Accounting Professional at Fairsure (2024-08 – Present)

• Work closely with auditors on audit requirements, queries and supporting documentation.
• Review audit working papers and supporting schedules to ensure completeness, accuracy and consistency.
• Assist with the preparation and review of Annual Financial Statement audit information and supporting documentation.
• Participate in ALM processes, including reviewing information and investigating variances and exceptions.
• Prepare and submit C48 regulatory returns and supporting information.
• Perform and review Fund Accounting reconciliations and investigate discrepancies requiring resolution.
• Liaise with relevant stakeholders to obtain information and resolve outstanding audit and Fund Accounting matters.
• Support regulatory and compliance requirements within the pension fund environment.

Fund Accounting Professional at Salt Employee Benefits (2024-08 – 2025-11)

• Oversaw daily Fund Accounting tasks including reconciliations and transaction processing.
• Reviewed journals, reconciliations and Fund Accounting entries.
• Authorised payments and monitored cash positions.
• Performed and reviewed unit pricing, investigated pricing discrepancies and ensured pricing accuracy.

Fund Accounting Supervisor at Consolidated Retirement Fund for Local Government (2019-02 – 2024-07)

• Supervised daily Fund Accounting operations, including reconciliations, cash management and Fund Accounting processes.
• Reviewed bank, investment and GL reconciliations, ensuring accuracy and completeness.
• Prepared and reviewed management accounts and cashflow information.
• Led audit preparation, including audit files, working papers and financial statement support.
• Resolved audit queries and liaised directly with auditors.
• Strengthened financial controls and supported compliance with regulatory requirements.
• Oversaw preparation of SARB, FSCA and Regulation 28 reports.
• Maintained and improved standard operating procedures.
• Utilised CaseWare for financial statement and audit preparation.
• Supported actuarial valuations and ALM processes.

BCompt in Financial Accounting – UNISA

Advanced Diploma in Management