Job Description
We are seeking a skilled and experienced Financial Accountant to join our property management team. As a Financial Accountant, you will be responsible for overseeing the financial operations and reporting for our property portfolio. The ideal candidate should have a relevant tertiary qualification and possess in-depth knowledge and experience with the MDA Property Management System. This position requires a minimum of 3 years of experience in a similar role within the property industry.
Financial Management:
- Manage all financial aspects of the property portfolio, including budgeting, forecasting, and financial analysis.
- Ensure accurate and timely recording of financial transactions related to property acquisitions, disposals, and leases.
- Monitor and manage cash flows, ensuring sufficient liquidity for property operations.
- Conduct regular financial reconciliations and audits to ensure data accuracy.
- Provide financial insights and recommendations to senior management for decision-making purposes.
Financial Reporting:
- Prepare and analyze monthly, quarterly, and annual financial reports for the property portfolio.
- Ensure compliance with accounting principles, standards, and regulations.
- Generate financial statements, including balance sheets, income statements, and cash flow statements.
- Present financial reports to management and stakeholders, highlighting key findings and trends.
- Collaborate with external auditors during the annual audit process.
MDA Property Management System:
- Utilize and maintain the MDA Property Management System to manage financial operations efficiently.
- Ensure accurate data entry and management within the system, including property valuations, rental income, expenses, and tenant records.
- Provide training and support to team members on the effective use of the MDA system.
- Identify opportunities for system enhancements or improvements and collaborate with IT teams to implement necessary changes.
Compliance and Regulations:
- Stay up-to-date with relevant accounting regulations, industry standards, and best practices.
- Ensure compliance with tax regulations, property laws, and other financial obligations.
- Prepare and submit statutory financial reports, ensuring accuracy and timeliness.
- Collaborate with legal teams to review and execute property-related contracts and agreements.
Stakeholder Management:
- Collaborate with property managers, leasing teams, and other stakeholders to ensure accurate financial data and reporting.
- Provide financial guidance and support to stakeholders, answering queries and addressing concerns.
- Participate in meetings and presentations to discuss financial performance, projections, and strategies.
SARS Management:
- Complete and Submit VAT on e-filing.
- Complete and Submit IT 14.
- Calculate Provisional Tax.
- Deal with SARS queries.
Requirements
- Bachelor's degree in Finance, Accounting, or a related field. (A relevant tertiary qualification is mandatory.)
- Minimum of 3 years of post-articles experience in a financial accounting role within the property industry.
- MDA experience essential.
- IFRS reporting essential.
- Strong understanding of accounting principles, financial analysis, and reporting standards.
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