Portfolio Accountant

The Hiring House; Johannesburg; On-site; ZAR 300,000 - 600,000; Full time

Job summary

An established industry player seeks a detail-oriented Accountant to maintain financial records and ensure compliance with accounting standards. This role involves preparing financial statements, managing reconciliations, and assisting property managers with financial queries. The ideal candidate will have a strong background in accounting, be proficient in financial reporting, and possess excellent computer skills, particularly in Microsoft Excel and accounting software. Join a dynamic team and contribute to the financial success of a diverse property portfolio while honing your skills in a supportive environment.

Qualifications

• Must have Matric and a Bachelor's degree in Accounting.
• 3-5 years relevant experience as an Accountant required.

Responsibilities

• Maintain accurate general ledgers and prepare monthly VAT returns.
• Assist property managers with finance-related issues and prepare financial statements.
• Ensure compliance with IFRS and review monthly accruals.

Skills

Accounting

Financial Reporting

Reconciliation

VAT Returns

Cash Flow Management

Computer Skills

Education

Matric

Bachelor's degree in Accounting

B.Com Honours

Tools

Microsoft Excel

Accounting Software

MS Office

Job description

Key Performance Areas

• Ensure that accurate and complete general ledgers are maintained.
• Ensure that general ledger accounts are reconciled on a monthly basis and that reconciling items are cleared timeously.
• Review bank reconciliations on a monthly basis.
• Monthly reconciliation and confirmation of intercompany loan accounts if applicable.
• Maintenance of the Fixed Asset Register.
• Preparation and timely submission of monthly VAT returns via e-filing by the 25th of each month for the respective entities making up the specific portfolio.
• Reconciliation of the VAT clearing account.
• Follow up on outstanding refunds.
• Processing of tenant deposit refunds and appropriations.
• Calculation of collection commission per the rent roll.
• Ensuring that the Debtors Clearing account is reconciled and cleared on a regular basis.
• Update and distribute the monthly cut-off schedule.
• Identify depreciable assets from the Capex and Tenant Installation accounts.
• Prepare monthly journals as required including: pro-rata allocations of interest & bank charges, net income distributions, and capex claims.
• Prepare monthly financial packs for external clients and balance cash flow documents and supporting schedules.
• Preparing weekly cash flow statements, and controlling expenditure and cash flow.
• All responsibilities associated with being a cheque signatory.
• Review the ledgers and identify monthly accruals.
• Assist in ensuring that controls and procedures are adhered to and identify control weaknesses that may require additional controls to be implemented.
• Provision of accounting and administrative assistance as and when required.
• Assist property managers with finance-related issues relating to the property portfolio under management.
• Discuss monthly accruals with property managers and ensure that the necessary amendments are done to accurately reflect the financial status of the buildings.
• Timeously prepare preliminary financial statements and advise property managers when ready.
• Review preliminary financial statements per building and assess holistically whether recurring entries have been captured.
• Prepare Financial Statements in accordance with International Financial Reporting Standards (IFRS).

Qualifications

• Matric (Must)
• B.Com Honours or a minimum of a Bachelor's degree in Accounting.
• SAICA Articles plus 2 years post articles in an accounting or related role.

Experience

• 3-5 years relevant experience as an Accountant.
• Audit experience will be an added advantage.
• Financial statements preparation in accordance with IFRS is mandatory.
• To perform this job successfully, an individual should have extensive knowledge of Computer Skills: Microsoft Word; Excel; accounting software; and MS Office.