LOCATION

Sandton

SALARY

R892 500 per annum

SUMMARY

Plans and directs accounting activities within the Client Portfolio Finance department by performing the following duties, personally or through subordinate supervisors. Oversight and management of the portfolio finance team.

RESPONSIBILITIES

Responsible for the financial management of the portfolios under management including:
Provides strong leadership and mentorship to the Portfolio financial team.
Providing strategic input into the policies and processes within the finance department
Responsible for the full financial function of all property portfolios under management
Overseeing the financial management of property portfolio accounting for all regions, ensuring that the various regions are provided with the appropriate guidance where necessary.
Rolling out head office controls and processes to the regions where applicable
Overseeing the treasury and investment function for the relevant portfolios under management
Working closely with clients, to ensure that the needs and expectations of the clients are being addressed and identifying areas for improvement
Overseeing and coordination of the internal and external auditors, ensuring all necessary deliverables are provided
Completion of various Cognos packs for MMI group reporting purposes (Quarterly)
Preparation and submission of Group reporting 2 requirements within the required deadlines.
Prepare Annual Financial Statements for client portfolios where required.
Must have a good understanding of all portfolios under management. Must have regular meetings with all portfolio accountants and the creditors/cashbook supervisor to ensure that adequate guidance is provided where necessary.
Must develop a very good understanding of PIMS, Management reporting (Ex Frx) and Great Plains to be able to provide the necessary assistance to staff when required.
Undertake and review of the SMAC calculations monthly ensuring that the portfolio information for the MMI portfolios agrees with the SMAC investment balances.
Undertake and review the authorisation of the MMI monthly movement files that need to be uploaded on JDE for the “on balance sheet” portfolio.
Undertake the monthly recons between JDE and the Great Plains ledgers.
Overseeing the maintenance and reconciliation of the respective general ledgers.
Performing all month-end and year-end procedures, ensuring that all client requirements and deadlines are met.
Review of the monthly management packs where necessary
Review and authorisation of balance sheet recons
Review and authorisation of VAT submissions
Review of adjustment accounts prepared for sold properties
Adherence to reporting requirements for the portfolios under management (format and timing).
Co-ordination and supervision of the accounting administration and net income flows of the properties under management, and the payment thereof to the property owners.
Project manage new client take on and new property acquisitions for existing client portfolios.
A very good understanding of the take-on process to ensure the adequate coordination of the take-on of all new portfolios as well as new buildings for existing portfolios.
A very good understanding of financial accounting to ensure the accurate preparation of annual financial statements for the companies forming part of the portfolios under management 3
Ensure compliance with VAT and income tax for all portfolios.
A very good understanding of taxation (Income and deferred) to ensure the completion of income and deferred tax calculation for the relevant portfolios under management.
Must have a detailed understanding of reporting standards and be up to date with newly effective standards.
Ad hoc review of portfolio accountants’ provisional income statements.
Overseeing the submission of all statutory returns
Ensuring that the department’s performance is in line with management agreements and Service Levels Agreement.

MINIMUM REQUIREMENTS

Previous experience as a financial manager or a minimum of 5 years relevant experience as an accountant.
Audit experience will be an added advantage
Detailed understanding of the IFRS and Income Tax Act is mandatory