Senior Financial Accountant - Africrest Properties

Position Purpose and Profile:

• The Senior Financial Accountant plays a pivotal role in the financial success of the company by maintaining the company’s accounting processes, records and financial data. This position is responsible for ensuring the accuracy and integrity of the financial data of the company which is the basis on which the financial decisions of the are made.

Responsibilities:

Include, but not limited tthe below*

Key attributes required while performing duties:

• Strong attention to detail and accuracy.
• Efficient – utilise automated processes and systems over manual processes.
• Ability to work independently and manage multiple tasks and deadlines.
• A strong initiative-taker takes ownership of tasks.
• Excellent problem-solving and analytical skills.
• Effective communication and interpersonal skills
• Organisational and administrative skills.
• Ability to adapt to a variety of environments and work demands.
• Ability to maintain a high level of sensitivity company's needs.
• Willing to work additional hours as the demands of the job might indicate.
• Great teamwork and willingness to assist other team members where necessary to ensure the team as a whole is able to fulfill their responsibilities and commitments.

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Monthly Responsibilities:

• Processing of cash clearances on the second working day of the month.
• Preparation of allocated monthly financial journals in line with month-end calendar.
• Review and analyse monthly movements in the general ledger to:
• Identify accruals and prepare the relevant journals.
• Ensure accuracy of allocations and prepare re-allocation journals between properties and companies where required.
• Ensure transactions are processed in the general ledger of sold properties.
• Review and analyse the balance sheet to:
• Ensure accuracy of allocations and prepare re-allocation journals between properties and companies where required.
• Prepare balance sheet reconciliations where applicable.
• Prepare cash balances report on the 26th of each month, and as and when required by the
• Head of Finance or Financial Managers.
• Prepare actual vs budget variance report per property, on 26th of each month, which feeds intthe monthly cashflow forecast.
• Intercompany loan reconciliations - maintain, analyse, and investigate inter-company loan balances. Prepare re-allocation and or correction journals between properties and companies where required.
• Analyse cash book allocations and ensure that these are recorded correctly with liaison with
• Creditors Team. Prepare re-allocation and or correction journals between properties and companies where required.
• Fixed asset maintenance including:
• Review and anlayse expense accounts tdetermine that items which should have been capitalised have been capitalised.
• Capitalise additions on the MDA fixed asset module.
• Run monthly depreciation journal on the MDA fixed asset module for posting in the
• MDA accounting module.
• Capturing disposals or scrapping of assets on the MDA fixed asset module.
• Reconcile fixed asset register per the MDA fixed asset module tthe Trial Balance.
• Preparation of income statement movement analysis for submission tHead of Property by working day twelve.
• Prepare actual vs budget variance analysis report per property and resolution of all queries raised in the analysis prior tsubmission for review tFinancial Manager’s by the 20th of the month.
• Prepare monthly management accounts macr(Income Statement & Balance Sheet).
• Assistance with preparation of covenant reporting for review by the Financial Manager’s by the 22nd of the month.
• Ensuring section 18A donation certificates are obtained and saved for all donations paid during the month.
• Proactively seek and implement improvements and efficiencies in accounting processes and reporting.

Quarterly:

• Preparation of supporting schedules which feed intthe quarterly Board reporting.
• Preparation and importing of quarterly interest payments tfunders.

Annual Responsibilities

• Preparation of schedules which feed intprovisional one, provisional twand final income tax submissions, which include but is not limited to:
• Tax wear & tear schedules.
• Net income forecasts.
• Other supplementary schedules and information as required.
• Preparation of year-end audit folders.
• Liaising with auditors to provide requested information and address audit queries timeously.
• Preparation of budget templates per property in line with the budget timeline.
• Maintain adequate filing requirements according to departmental guidelines.

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Adhoc duties as and when assigned:

• Prepare and finalise property adjustment accounts for sold properties.
• Ad hoc involvement in creditor reconciliations and other ad hoc reconciliations.
• Ad hoc involvement in Finance projects.
• Distribution to the Creditors Team of allocations for the processing of funds drawn from the Funders.

Minimum Job Qualifications Required:

• In-depth understanding of Intercompany loans, including balancing thereof and calculation of interest. (required).
• Excellent understanding of accounting principles and financial reporting standards. (required).
• Advanced Excel Skills – ability to demonstrate skill. (required).
• BCom Accounting degree (required).
• Minimum 4 years’ experience in an accountant role (required).
• Completion of articles with an audit or financial advisory firm (preferably).
• Property Accounting experience (preferable).
• MDA Property Manager accounting software (preferably).