Description:
Reporting to the Finance Manager of the Property business, this is a key role player in the financial accounting and payments aspects of the business. The main responsibilities include:
- Assist with enforcing and monitoring compliance with group-wide policies and procedures, corporate governance principles and tax legislation.
- The preparation of accurate and timely financial information to support monthly management accounts reporting.
- The capturing of creditors' invoices on the system by querying information, seeking confirmation or supporting documentation, posting the invoices, interacting and making information available, and receiving and routing mail to the relevant department for attention.
- Provides effective and efficient support to internal stakeholders
- Effective use and maintenance of the ERP system.
- Prepare project accounts and act as the "financial custodian" for all designated projects
- Able to interpret feasibilities for development projects and prepare budget/forecast information
Key Responsibilities
Responsible for the month-end financial process for the Property operation (incorporating its division and subsidiaries), including:
- Processing journal entries necessary to maintain the general ledger and prepare trial balances.
- Daily posting of bank statements & related procedures
- Reconciliation of payments & intercompany reconciliations
- Bank reconciliations (multiple)
- Processing creditor's invoices onto the system, following up on outstanding queries, and resolving discrepancies.
- Preparing monthly reporting schedules and analyses.
- Providing explanations for material variances in actual results to budgets and forecasts.
- Prepared monthly reconciliations of general ledger accounts (fixed assets, debtors, and creditors reconciliations) and resolved outstanding issues in a timely manner.
- Preparing inputs to ensure correct cost allocation to various land development projects.
Project Reporting
- Month-end reporting process for all projects/precincts
- Prepare the monthly precinct budget and variance reports.
- Responsible for Joint Venture (JV) management accounts which are sent to JV partners.
- Responsible for cost adjustment calculations within projects.
- Manage the Infrastructure Provision accounting including the discounting and NPV of the Obligation
- Manage the Gross Profit Reporting of each precinct and potential impairment of the capitalized infrastructure
- Support the development manager and ongoing review of forecasting models for project/precinct reporting
- Responsible for producing Project reports monthly
- Guide development executives in determining how cost allocations should be done for each development.
Responsible for