Financial Controller - Centurion, South Africa - Ability Recruitment

Ability Recruitment

Verified Company

Centurion, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Job Information:

Industry

Real Estate/Property Management
Work Experience

5+ years
Salary

1000000
Currency

ZAR
City

Centurion
Province

Gauteng
Country

South Africa
Postal Code

0014
The Financial Controller is responsible for the financial management of a portfolio of properties and companies within the Group. This involves the full financial function for these companies.
CA(SA) qualification is preferred.

Operational Financial Processing:

Manages the financial reconciliation process between operating and financial system (Broll and AX).
Manages the financial reconciliation process between the ledger and subledger.
Manages reconciliation process between uploaded PPS and General ledger.
Explains reconciled items and variances.
Ensures that accruals are raised and reversed. (Complete and accurate utility revenue and tenant statements).
Monitors and authorises journals. (Including monthly depreciation journals).
Calculates property management fee as well as asset management fee.
Manages full payment function.
Preparation of financial information and schedules for monthly management packs and/or reporting.
Ensuring all numbers are accurate and complete and reconciling back to general and subledgers.
Guiding the property management team on all financialrelated issues.
Review PPS and related draw request.
General Ledger:
Collects information from various sources as input into the General Ledger (Property Manager, Management meetings and Financial Manager).
Ensuring supplier and payment allocations are accurate and complete.
Upload of monthly property financial information into AX, and quarterly recons confirming the accuracy of uploads and allocations.
Process monthly financing transactions (Bond interest, interest rate SWAPS).
Budget and Forecasting:
Provides input into the annual budget and provides feedback to Property/Asset/Financial Manager.
Review assumptions and provide relevant input based on content and calculations.
Ensures accurate and complete monthly forecasting together with the Property Manager.
Assists property/development/financial manager with tracking actuals against budgets and providing explanations for variances.
Cash Flow Management and Payments:
Updates cashflow forecast at least monthly.
Ensure that excess funds are transferred to the Head Office bimonthly based on accurate cashflow forecasts.
Ensure the validity of all invoices paid.
Authorise payments on the bank, and ensure timeous payments to all suppliers and that no suppliers have any long outstanding invoices.
Reporting:
Monthly:
Prepare management accounts before 3rd Friday of the following month
Biannually:
Prepares CaseWare reporting file, with all relevant supporting documents.
Present financial results at business review meetings
Annually:
As per biannually.
Prepare AFS and liaise with external auditors for final sign off before end of November.
External Auditing:
Provides auditors with accurate and relevant information as and when needed.
Resolving any and all audit queries.
Taxation:
Preparation of income and deferred taxation calculations.
Preparation of provisional tax calculations.
Preparation of monthly VAT calculations.
Submission of all relevant returns to SARS.
Ensure timeous payment to SARS for all relevant submitted returns.
Adherence to SARS and internal deadlines.
Follow up and deal with all SARS queries and ensure they are resolved timeously.
Risk Management:
Ensures compliance with relevant Acts.
Controls, manages and governs the processes and systems within area of accountability to ensure compliance and minimise the business risk.
Implements all audit recommendations in area of accountability and resolve audit findings timeously
Design, approval, implement and maintenance of policies within area of responsibility.
Staff Management:
Identifies and obtains approval of staffing requirements in line with the approved
Organisational structure and budget.
Manages the implementation and review of individual role profiles.
Develops and maintains the Organisational Structure in area of accountability and obtains approval from Exco.
Manages headcount in line with approved Equity plan.
Manages performance on continual basis and is responsible for biannual performance reviews, and any IR related matters.
Manages the implementation of individual development plans.
Develops the succession plans in area of accountability.

Requirements:

34 years experience in a similar role
Newly qualified CA(SA) with completed articles
Previous experience in the property and construction industry will be advantageous