Financial Manager

Description:

Budgeting:Prepare and present the annual administrative budget and a 10-year maintenance plan for the reserve fund, which determines monthly levies. Levy Collection:Ensure levies are calculated and billed correctly to all owners, and follow up on arrear levies. Bank Account Management:Manage the body corporate's bank accounts, including paying expenses, taxes, water, and electricity bills. Financial Statements:Prepare monthly financial statements and reports for the trustees and owners. Expense Forecasting:Analyze past expenses and trends to predict future expenses, allowing for proactive budgeting and cost reduction. Financial Record Keeping:Maintain accurate financial records and ensure compliance with financial regulations. Investment of Funds:Invest surplus funds in accordance with the body corporate's investment policy. Debt Collection:Assist with debt collection procedures for outstanding levies. Insurance:Ensure the scheme is adequately insured and that premiums are paid on time. Compliance:Ensure compliance with relevant legislation and regulations, including the Sectional Titles Schemes Management Act. Administrative and Record-Keeping:Record Keeping:Maintain accurate records and documentation related to the sectional title scheme. Meeting Preparation:Assist with the preparation of general meetings, ensuring compliance with the Sectional Title Act and using standard documentation. Liaison:Serve as a point of contact for trustees and owners, providing guidance and information on financial matters. Contractor Management:Assist with the selection and payment of contractors for maintenance and repairs, ensuring they are compliant and paid timely.

Requirements:

Looking for a candidate who has completed their B. Comm Accounting Degree
Minimum 5 to 8 years’ experience
Sectional Title experience