Overview
Centre Financial Manager Jobs in Pretoria, South Africa at Ability Executive Recruitment
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.
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.
DUTIES:
Operational Financial Processing
Manage the financial reconciliation process between ledger and sub ledger.
Explain reconciled items and variances.
Perform Bank Reconciliations — Cashbook vs statements.
Ensure that accruals (including utility expense and incomes) are raised and reversed on a monthly basis. (Complete and accurate utility revenue and tenant statements).
Process and reconcile 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).
Calculate property management fee.
Review PPS and related draw requests.
Manage reconciliation process between uploaded PPS and General ledger (Explain reconciled items and variances).
Authorize and review letting commission calculation for invoicing.
Authorize and review turnover rent calculations & letters.
General Ledger
Collect information from various sources as input into the General Ledger.
Ensure supplier and payment allocations are accurate and complete.
Ensure debtor and income allocations are accurate and complete.
Creditors / Payment Cycle
Ensure all procurement requirements are met including:
Review and authorize invoice.
Review and authorize bank details to EFT batch.
Review and authorize orders to invoices.
Debtors / Receipting Cycle / Leasing
Invoice ad hoc non-tenant income.
Assist with Tenant Queries & Recons.
Authorize and review yearly utility escalation calculation.
Authorize and communicate deposit transfer to and from Grindrod.
Budget and Forecasting
Provide input, capture the annual budget and provide feedback to General / Asset / Operational / Financial Manager.
Review assumptions and provide relevant input based on content and calculations.
Ensure accurate and complete monthly forecasting together with the General / Operational Manager.
Analyze actuals against budgets and provide explanations for variances.
Cash Flow Management
and Payments
Update cash flow forecast at least monthly.
Ensure that excess funds are transferred to Head Office bi-monthly based on accurate cash flow forecasts.
Ensure validity of all invoices paid.
Review and authorize payments on the bank and ensure timely payments to suppliers and that no suppliers have any long outstanding invoices.
Reporting
Prepare an audit file, with all relevant supporting documents.
Provide input and reports into the monthly management pack including:
Executive summary.
Utility reconciliations.
Updating rolling forecast report.
Variance explanations on I/S.
External Auditing
Provide auditors with accurate and relevant information as and when needed.
Resolve all audit queries.
Taxation
Preparation and reconciliation of monthly VAT.
Manage the taxation function for portfolio of companies. This involves statutory tax, provisional tax as well as VAT.
Risk Management
Ensure compliance with relevant Acts.
Control, manage, and govern the processes and systems within area of accountability to ensure compliance and minimize business risk.
Implement all audit recommendations in area of accountability and resolve audit findings timeously.
Design, approve, implement and maintain policies within area of responsibility.
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Title: Centre Financial Manager
Company: Ability Executive Recruitment
Location: Pretoria, South Africa
Category: Finance & Banking, Accounting
