Financial Manager (Kolonnade Shopping Centre) at Broll

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Assumes responsibility for the effective performance of all accounting department functions.
• Ensures that accounting functions and duties are accurately and promptly completed.
• Prepares journal entries and balances work in more complicated accounting areas.
• Researches and resolves accounting errors and discrepancies.
• Assists with budget preparations and formulation of 1, 3 and 5 year projections and financial analyses. Monitors costs and expenses.
• Undertakes quarterly and periodic reviews, assess and adjust forecast in accordance with financial results.
• Manage financial income, including management and admin fees on rental recoveries, commissions on new or renewed leases, and interest earnings.
• Manages financial expenditure, including running costs, staff expenses, admin costs, VATand taxation.
• Prepares regular reports and statements for management and clients
• Computes figures and prepares recurring account statements.
• Posts a number of transactions to the appropriate general ledger account.
• Reconciles general ledger accounts as assigned.
• Completes required records and reports and maintains files. Creates expense reports as assigned.
• Ensures that accounting functions are completed in accordance with established procedures and applicable regulations.
• Control of various financial functions including Balance Sheets, Creditors, and allocation of funds received ex debtors, check and authorize payments from accounts.
• Manage and control various bookkeeping duties and functions, including:
• Regular and timeous rent rolls, rental statements and cash flows
• Disbursement statements
• Bank reconciliations
• Ensuring all invoices for the period have been authorised and captured in creditor module
• Review of Creditors reconciliation’s
• Debtors reconciliations, Invoicing, receipting – review where necessary
• Reconciling general ledger to debtors ledger, Balance sheet and income statement, loan balances, company accounts
• Preparing trial balances from source documents, if client mandates require it
• Preparing balance sheets and income statements
• Preparing notes to the reports
• Consolidations
• Filing copies of final monthly reports
• Participate in annual audit
• Complete and submit all statutory and municipal returns
• Net income payments to owners / clients
• Adjustment accounts for properties purchased or sold
• Ensure the completion of month and periodic statutory returns
• Control payment of Company and property related accounts. Ensure recovery ex tenants as appropriate
• Review tenants’ turnover certificates
• Responsible for updating the BOL system for changes in rent runs, collate and owners month end dates
• Sign of Bank reconciliations (weekly / monthly) and address / report risk
• Financial Manager should also be able to fulfil all the below functions fulfilled by the Accountants
• p. Produces various management reports, including:
• Detailed and summarised income statements
• Preparation of Board packs
• Monthly and Annual figures
• Ensure the production of monthly reports for clients/owners:-
• Monthly financial statements
•  Assumes responsibility for effectively researching, tracking, and resolving accounting problems and discrepancies.
• Assumes responsibility for maintaining effective communication and coordination with Company personnel and with management.
• Assists area personnel as needed.
• Maintains regular contact with other departments to obtain information and/or to correct transactions.
• Keeps management informed of area activities and of any significant problems or concerns.
• Attends & participates in meetings as required

Assumes responsibility for related duties as required or assigned.

• Stays informed of developments in the accounting field and of changing governmental and legal requirements.
• Completes special projects as assigned.
• Ensures that Accounting Department work areas are clean, secure, and well maintained.
• Assist in approval, appointments and management of payments to service companies and suppliers.
• Releasing of payments on the bank (EFT)

PERFORMANCE MEASUREMENTS

• Accounting documents, financial reports, tax documents, and related reports are accurately and timely completed and/or filed.
• Reports are completed accurately and timely according to schedules.
• Accounting errors are promptly detected and resolved.
• Accounting functions are conducted in accordance with established policies and related legal requirements.
• Accounting personnel are efficient, effective, and appropriately directeAccounting operations are properly coordinated.
• Good business relations exist with governmental agencies and outside business contacts.
• Good communication and coordination exist with Company personnel and with management. Assistance is provided as needeManagement is provided with useful, specialized reports as needed.
• Management is appropriately informed of area activities
• Accounting functions are completed in accordance with established standards, policies and procedures

EDUCATION/CERTIFICATION:

• Bachelor’s degree in accounting or an equivalent combination of experience and training.

REQUIRED KNOWLEDGE:

• Technical knowledge of accounting concepts, practices, procedures, and financial reports.
• Understanding of related regulations, statutes, and filing requirements.
• Knowledge of related computer applications.

EXPERIENCE REQUIRED:

• minimum of 5 - 7 years' experience in Retail Centre Financial Management