Accountant (Lease Focusing)

Sabenza It Recruitement; South Africa; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A property management firm is seeking a Lease Accountant to manage the Group's leased properties and their accounting functions. This role involves financial reporting, negotiating leases, and ensuring compliance with IFRS 16. Candidates should have a Finance degree and a minimum of 5 years of relevant experience, including supervisory responsibilities. The incumbent must be adept at budgeting, cost control, and possess advanced negotiation and leadership skills. This position offers an exciting opportunity to contribute to a dynamic property portfolio.

Qualifications

• Minimum 5 years experience with at least 2 years in a supervisory role.
• Experience in property administration is required.
• Strong understanding of accounting legislation and practices.

Responsibilities

• Manage and control the Group's leased properties and related accounting.
• Monitor financial reporting systems related to leases.
• Implement internal controls and ensure sufficient lease controls.
• Prepare lease disclosures and assist with audits.
• Negotiate market-related rents for rental agreements.
• Lead and manage subordinates to achieve objectives.

Skills

Leadership skills

Time management skills

Negotiating skills

Advanced accounting principles

Budgeting and cost control

Education

Degree in Finance

Job description

Job Description Lease Accountant - Come Own the Numbers (and the Vibes) of Our Property Empire! Tired of boring lease entries and dusty spreadsheets? We're looking for a sharp, detail-obsessed Lease Accountant who doesn't just crunch numbers - you make them dance.

As our Group's Lease Accountant, you'll be the rockstar of rental properties. You'll twist IFRS 16 into submission, keep our lease portfolio tight and compliant, negotiate killer deals, and make sure every rand of rent is working as hard as you do. From building slick systems and crushing monthly reconciliations to keeping those B-BBEE certificates glowing, you'll be the one making sure our property portfolio looks as good on the balance sheet as it does in real life.

Job Overview

The incumbent will be expected to effectively manage and control the Group's leased properties and the related accounting function through the development, design and implementation of organizational systems, controls, and measures with the objective of ensuring the efficient management and accounting of the Group's rental property portfolio. You will also be expected to maintain the integrity of the financial accounting function, following sound accounting practices, company policy, business plans, programs, strategies, and legislative requirements under the guidance of the Manager Finance: Business Support.

Responsibilities

• To monitor and maintain the financial reporting systems related to leases and report on all financial activities and on variances between budgets.
• To monitor and maintain financial administration systems related to leases and implement internal controls through the implementation of policies and procedures.
• To establish and maintain the lease budgeting system and assist in the preparation of monthly management accounts related to leases.
• To prepare the lease disclosure in the annual financial statements and the assist with the related audit and quarterly reviews.
• Ensure that market-related rent is negotiated on rental premises, protect the Group's interest and maintain cost-effective lease agreements.
• Ensure that the controls over leases are sufficient and effective.
• Accurate and timely recording of property lease transactions and balances
• Monthly reconciliations are done correctly with no outstanding reconciling data.
• Ensure correct and effective administration of the Group's rental properties, including lease negotiations and monthly payment administration.
• Annual review and calculations of own properties' market values
• Take an active leading role in the development of related systems and processes that enhance the department's ability to report and access timely and accurate management and financial information.
• Accurately maintain the Group's IFRS 16 lease system to ensure the accurate recording of leases in the annual financial statements.
• Weekly follow up on unapproved invoices and payments with all relevant departments
• Assist to manage any other ad-hoc financial accounting functions.
• Maintain and validate that at least 70% of the Group's lease-portfolio B-BBEE certificates are valid at a given point in time.
• Continuously provide feedback and coaching to ensure that the staff member/s perform at optimum productivity level.
• Lead and manage the subordinates in the achievement of set objectives and targets.

Requirements

• Degree in Finance
• Minimum 5 years relevant experience of which at least 2 years must be supervisory experience.
• Property administration experience.
• Leadership skills.
• Time management skills.
• Knowledge and understanding of latest accounting legislation.
• Advanced level of accounting principles, processes, and procedures.
• Advanced level of budgeting and cost control.
• Advanced level of administration skills.
• Advanced level of negotiating skills