The main purpose of this position is to perform all financial functions, including the review of the financial information, performing accounting functions, attending portfolio management meetings, and assisting the manager – finance with any accounting or other financial functions.
DUTIES:
Compile a complete budget for the portfolio allocated.
- Consult with all relevant departments i.e. Leasing, Repairs and Maintenance, etc. In order to compile a budget.
- Analyze the budgets to ensure that it is complete and reasonable in comparison to prior or current years.
- Ensure that the budget is in the correct format and uploaded correctly.
Perform an accounting function by processing journal entries and compiling monthly management packs
- Review the entire General Ledger for each property for completeness and accuracy.
- Perform month and year-end procedures, e.g. raise accruals and prepayments, provide for depreciation/amortization, etc.
- Reconcile general ledger accounts, e.g. fixed assets, investment property, lease & tenant installation costs, etc. to supporting schedules.
- Obtain reasons for variances between the budgets and actuals from relevant stakeholders.
- Liaise and advise the allocated portfolio department by providing accurate financial results and portfolio performance at regular intervals in order to guide their departmental progress against targets.
Interim period & year-end preparation
- Calculate the current and the deferred tax calculation, when required
- Perform property valuations (Bi-Annually). Perform comparison to external valuations and resolve differences.
- Draft financial statements using Caseware (annually).
- Review the financial statements for accuracy.
- Assist in generating the relevant reports to enable disclosures in the financial statements/integrated report
Preparation for the annual audit
- Prepare the working papers required for the annual audit.
- Attend to Auditor’s questions and queries during the audit
REQUIREMENTS:
- BCOM Financial degree with major in Accounting required.
- Completed Articles at an Audit Firm or Accounting Firm (SAICA, SAIPA) required.
- At least 2 -3 years’ experience in a corporate environment.
- Experience in management accounting, i.e. budgeting, monthly management accounts, forecasting required.
- Experience in drafting financial statements required (using Caseware software).
- Experience in the Property industry