Financial Controller
Financial Controller
Posted on :
05-04-2025
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
05-04-2025
Job Description
We are seeking a Financial Controller. The Financial Controller is responsible for the financial management of a portfolio of properties and companies. This involves the full financial function for these companies. The role incumbent is responsible to pay attention to the detail of the immediate task and decide the most efficient way of getting it done on time. The incumbent will be required to be flexible in order to switch from one specialised task to another. A critical success factor of the role will be the analytical ability to identify problem areas and ensure quick and effective problem solving for others in the area of expertise. In addition to this the incumbent will be expected to identify risks and implement actions to mitigate these.
DUTIES
Operational Financial Processing
- Manages the financial reconciliation process
- between operating and financial system (Broll and AX).
- Manages the financial reconciliation process between 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 deptors 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 Head Office bi monthly based on accurate cashflow forecasts.
- Ensure 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.
- Biannually:
- Prepares CaseWare reporting file with all relevant supporting documents.
- Present financial results at business review meetings.
- Annually:
- As per biannually.
- 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.
BEE
- Provides accurate reports explaining BEE spend per
- supplier.
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.
Requirements
- BCom degree or equivalent.
- BCom Honours degree or equivalent.
- NQF Level 7/8
- Three to four years experience in a similar role if not NQF8.
- One to two years experience in a similar role if not CA(SA)
- Newly qualified CA(SA) with completed articles.
- Previous experience in the property and construction industry will be advantageous.
Employment Type
Full-Time
Key Skills
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