Centre Financial Manager

Ability Executive Recruitment; Pretoria; On-site; ZAR 500,000 - 800,000; Full time

Job summary

A leading recruitment agency is seeking a Financial Manager for a regional shopping centre in Pretoria. The role involves overseeing financial operations, including budgeting, reporting, and compliance with taxation regulations. Candidates should possess a B Com degree and relevant experience in property management. This full-time position offers an opportunity to contribute to the financial success of the centre.

Qualifications

• Three to four years experience in a similar role.
• Previous experience in the property and construction industry is advantageous.

Responsibilities

• Manage financial reconciliation processes and bank reconciliations.
• Provide input for annual budgeting and forecasting.
• Prepare audit files and manage taxation functions.

Skills

English

Helpdesk

Asset Management

Data Mining

Control Engineering

Education

B Com Degree or equivalent

Job description

The Centre Financial Manager is responsible for the operational management of a regional shopping centre as well as the accounting function thereof. This involves the full financial function for this building.

DUTIES :

• Manager the financial reconciliation process between ledger and sub ledger.
• Explains reconciled items and variances.
• Performs Bank Reconciliations Cashbook vs statements.
• Ensures that accruals (including utility expense and incomes are raised and reversed on a monthly basis. (Complete and accurate utility revenue and tenant statements).
• Processes and reconciles journals to working papers (Including three monthly depreciation straight line and monthly tenant deposits marketing letting commission tenant installation and parking journals net rent calculations).
• Calculates property management fee.
• Review PPS and related draw request.
• Manages reconciliation process between uploaded PPS and General ledger (Explains reconciled items and variances.
• Authorise and review letting commission calculation for invoicing.
• Authorise and review turnover rent calculations & letters.
• Collects information from Various sources as input into the General Ledger.
• Ensuring supplier and payment allocations are accurate and complete.
• Ensuring debtor and income allocations are accurate and complete.

Creditors / Payment Cycle

• Ensures all procurement requirements are met including :
• Review and authorise invoice
• Review and authorise bank details to EFT batch.
• Review and authorise orders to invoices.

Debtors / Receipting Cycle / Leasing

• Assist with Tenant Queries & Recons.
• Authorise and review yearly utility escalation calculation.
• Authorise and communicate deposit transfer to and from Grindrod.

Budget and Forecasting

• Provides input captures the annual budget and provides feedback to General / Asset / Operational / Financial Manager.
• Review assumptions and provide relevant input based on content and calculations.
• Ensures accurate and complete monthly forecasting together with the General / Operational Manager.
• Analyse actuals against budgets and provide explanations for variances.

Cash Flow Management and Payments

• Updates cash flow forecast at least monthly.
• Ensure that excess funds are transferred to Head Office bimonthly based on accurate cash flow forecasts.
• Ensure validity of all invoices paid.
• Review and authorise payments on the bank and ensure timeout payments to a suppliers and that no suppliers have any long outstanding invoices.

Reporting

• Prepares an audit file with all relevant supporting.
• documents.
• Provides input and reports into the monthly management pack including :
• Executive summary.
• Utility reconciliations :
• Updating rolling forecast report : and
• Variance explanations on I / S

External Auditing

• Provides auditors with accurate and relevant information as and when needed.
• Resolving all audit queries

Taxation

• Preparation and reconciliation of monthly VAT.
• Manages the taxation function for portfolio of companies. This involves Statutory tax provisional tax as well as VAT.
• 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

Requirements

• B Com Degree or equivalent
• Three to four years experience in a similar role if not NQF 7.
• Previous experience in the property and construction industry will be advantageous.

Required Experience :

Manager

Key Skills

English,Helpdesk,Asset Management,ABB,Data Mining,Control Engineering

Employment Type : Full-Time

Experience : years

Vacancy : 1

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Financial Manager • Pretoria, Gauteng, South Africa