Job Description

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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 sub-ledger.

• 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 sub-ledgers.

• Guiding the property management team on all financial-related 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 bi-monthly 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.

Bi-annually:

• Prepares CaseWare reporting file, with all relevant supporting documents.

• Present financial results at business review meetings.

Annually:

• As per bi-annually.

• 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 bi-annual performance reviews, and any IR related matters.

• Manages the implementation of individual development plans.

• Develops the succession plans in area of accountability.

Requirements

3-4 years experience in a similar role

Newly qualified CA(SA) with completed articles

Previous experience in the property and construction industry will be advantageous

Ability Recruitment