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Role Purpose:
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The Senior Specialist: Real Estate (RE) will be a member of the team managing the transactional sub-processes of the end-to-end RE contract management and accounting processes in a timely and accurate manner, in accordance with defined operating procedures, policies, SOX compliance, IFRS16 and business partner service level agreements.
The Senior Specialist: RE is responsible for the accounting treatment of leases; ensuring timeous payments and recoveries. The individual will enjoy problem solving and striving to improve the metric of the operational processes. The incumbent will be a member of the wider FinOps and RE teams. They will be required to have excellent communication skills and to be able to interact with people from different environments, internal to Vodacom as well as external stakeholders, e.g. Vodacom Business units, Vodacom regional teams, Vendors/Landlords/Property owners, Vodacom Subsidiaries and other Vodafone Markets.
A culture of continuous process improvement will be essential to ensure world class operational performance.
Manage the relationship with the Shared Services (SSC) performing activities on behalf of the Vodacom South Africa;
Accountable for completeness and accuracy of accounting and reporting related to RE contract management of rental & utility expenses and recoveries;
Support the rest of all relevant stakeholders with RE related requests and queries submitted to the SSC;
Establish a close relationship with the other teams across Finance Operations, Finance Business Partners, Facilities, Franchise & Dealer management teams, Retail Trade Partners/Dealers/Franchisees, Regional and National Property teams;
Interact with the Global Process members, peers in the Shared Services and RE process team members;
Advise all relevant stakeholders on RE related transactions, IFRS16 accounting, processes, and reporting; and
Identify opportunities to optimize RE related cash flows.
Your responsibilities will include:
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Daily and monthly activities
IFRS16 and IAS17 accounting, processes, and reporting specifically month end reporting in accordance with financial calendar and including activities performed by SSC
Monitor sub-processes related to rental & utility payments
Completeness and accuracy of accounting and reporting related to RE contract management charges including electricity & other utility expenses and recoveries. Ensure timely payment and resolution of escalated queries relating to contract payments
Perform monthly variance analysis and reports and provide valid reasons on variances identified.
Analyse reported data for key trends and anomalies, exception reporting to be investigated and resolution of exceptions
Work with other team members and key stakeholders across all business units to ensure all RE issues are resolved in a timely manner. Such as ensuring the accurate and complete accounting treatment of all RE related transactions by analysing financial transactions, identifying cost drivers and key vendors, reporting on spend
Compliance and control
Establishing adherence to the relevant Group policies
Ensure compliance with SOX controls
Ensure that all Vodacom and Vodafone compliance requirements are met
Work with other departments to ensure all cross department issues are resolved
Interim and Year End Reporting
Responsible for separate and consolidated statutory packs and other reporting requirements as part of the interim and year-end close process.
Responsible for both the separate and consolidated interim and annual financial statements.
The ideal candidate for this role will have:
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BCom: Accounting essential
Minimum of 5+ years' relevant experience with a strong background in financial reporting and accounting
IFRS16 knowledge
Job Related Skill:
Analytical thinking
Problem solving
Innovative
Adaptability
Strong written and verbal communication skills
Strong interpersonal and influencing skills
Business leadership and transformation
Effective communication
Ability to work under pressure
Ownership and drive for impact
Attention to detail & quality conscious
Planning and Organising.
Disciplined & Deadline driven.
Job Knowledge:
Working knowledge of Accounting principles especially IFRS 16
Experience in financial reporting and statutory reporting requirements
Excellent working knowledge of MS Office, especially Advanced Excel, Word and PowerPoint
SAP ERP and HFM
SOX
Leadership Competency
Ability to engage effectively with management, business partners, auditors
Manage deliverables from other departments
Ability to train and manage resources on related activities
Manage external relationships with key suppliers
We make an impact by offering:
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Enticing incentive programs and competitive benefit packages
Retirement funds, risk benefits, and medical aid benefits
Cell phone and data benefits, advantages fibre connection discounts, and exclusive staff discounts offered in collaboration with partner companies
Closing date for Applications:
01 April 2025.
The base location for this role is
Midrand, Vodacom Campus.
The company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
Vodacom is committed to an organisational culture that recognises, appreciates, and values diversity & inclusion.
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