Centre Financial Manager
Centre Financial Manager
Posted on :
06-04-2025
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
06-04-2025
Job Description
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.
DUTIES:
Operational Financial Processing
- Manager the financial reconciliation process between ledger and sub ledger.
- Explains reconciled items and variances.
- Performs Bank Reconciliations Cashbook vs statements.
- Ensures that accruals (including utility expense and incomes are raised and reversed on a monthly basis. (Complete and accurate utility revenue and tenant statements).
- Processes and reconciles 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).
- Calculates property management fee.
- Review PPS and related draw request.
- Manages reconciliation process between uploaded PPS and General ledger (Explains reconciled items and variances.
- Authorise and review letting commission calculation for invoicing.
- Authorise and review turnover rent calculations & letters.
General Ledger
- Collects information from Various sources as input into the General Ledger.
- Ensuring supplier and payment allocations are accurate and complete.
- Ensuring debtor and income allocations are accurate and complete.
Creditors / Payment Cycle
- Ensures all procurement requirements are met including:
- Review and authorise invoice
- Review and authorise bank details to EFT batch.
- Review and authorise orders to invoices.
Debtors / Receipting Cycle / Leasing
- Invoice ad hoc non tenant income.
- Assist with Tenant Queries & Recons.
- Authorise and review yearly utility escalation calculation.
- Authorise and communicate deposit transfer to and from Grindrod.
Budget and Forecasting
- Provides input captures the annual budget and provides feedback to General / Asset / Operational / Financial Manager.
- Review assumptions and provide relevant input based on content and calculations.
- Ensures accurate and complete monthly forecasting together with the General / Operational Manager.
- Analyse actuals against budgets and provide explanations for variances.
Cash Flow Management and Payments
- Updates cash flow forecast at least monthly.
- Ensure that excess funds are transferred to Head Office bimonthly based on accurate cash flow forecasts.
- Ensure validity of all invoices paid.
- Review and authorise payments on the bank and ensure timeout payments to a suppliers and that no suppliers have any long outstanding invoices.
Reporting
- Prepares an audit file with all relevant supporting.
- documents.
- Provides input and reports into the monthly management pack including:
- Executive summary.
- Utility reconciliations:
- Updating rolling forecast report: and
- Variance explanations on I/S
External Auditing
- Provides auditors with accurate and relevant information as and when needed.
- Resolving all audit queries
Taxation
- Preparation and reconciliation of monthly VAT.
- Manages the taxation function for portfolio of companies. This involves Statutory tax provisional tax as well as VAT.
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
- 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.
Required Experience:
Manager
Employment Type
Full-Time
Key Skills
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