Finance Manager - Tower Group Ltd - Johannesburg

Introduction A property company. Description We are looking for a Finance Manager, with strong analytical, critical thinking and problem-solving skills, who can confidently and independently manage a finance team.You will be part of:A company that owns one of the largest middle income residential portfolios in South Africa and has become an industry leader in this asset class. We give people an incredible opportunity to live in the best areas with world class common area facilities, at affordable rentals. This helps create an inclusive society. We own and manage a commercial portfolio of office, retail, and industrial buildings. We ensure that our tenants are able to work in a great environment, so that they can focus on growing their business which in turn helps improve the economy.The client does not settle for satisfactory, rather they strive to do everything in a great manner- from small tasks to large projects. If you want to be part of a company and culture that drives you to be the best you can be, then please get in contact with us. We reward great efforts:Over the last 2 years, we have been one of very few companies, where over 95% of our employees, received: A bonus of more than a 13th cheque. An inflationary related annual increase. When many other companies have not paid bonuses or increases. Position Purpose and Profile:It is a requirement of this position that the Finance Manager takes full responsibility for the management of the finance team in relation to all financial matters relating to the Residential- and/or Commercial Property Portfolio. This includes ensuring business transactions are reported in accordance with generally accepted accounting principles (IFRS for SMEs). Day-to-day monitoring of the operations of the finance department. Ensuring compliance with accounting policies and regulatory requirements. Driving continuous improvement in the finance department. Continuous monitoring of controls to ensure the implementation of mitigations for any identified weaknesses. Responsibilities: Ongoing: Management of two financial accountants to ensure the delivery of accurate, reliable, and high-quality deliverables within required deadlines. Coaching and upskilling of financial accountants. Ensuring cohesion between the financial accounting team and the creditors team in collaboration with the Creditors Supervisor, to meet the obligations of the overall finance department. Treasury management, including, but not limited to: Sweeping of surplus cash balances. Bank account administration. Managing of FICA requests in collaboration with Office Manager. 5DOKKA accounts payable system administration. 6Drafting, distribution and implementation of processes and relevant policy documents. Drafting and maintenance of Finance Team manual. Monthly: Review and posting of journals prepared by the financial accountants. Review and approval of fixed assets capitalized, and all inputs loaded into the MDA fixed asset module. Review of items capitalized to Property improvements to ensure they are in line with the capitalization policy. Review VAT and ensure sufficient funds are available in the bank to make payments. Review income statement commentary prepared by financial accountants. Review Balance sheets and prepare key balance sheet account reconciliations in collaboration with Creditors Supervisor where relevant. Review intercompany transactions to ensure completeness of elimination journals. Preparation of consolidated income statement and balance sheet. Preparation of external covenant reporting for review by Head of Finance. Preparation of income statement forecast to feed into monthly cashflow forecast prepared by Head of Finance. Sweep funds for PAYE payment (fifth of every month) and distribute allocation to Creditors team. Address queries raised by stakeholders on the financial accounts. Review of creditors reconciliations in line with policy. Quarterly Preparation of Board reporting for review by Head of Finance Preparation of third-party shareholder reporting for review by Head of Finance Half yearly: Preparation of 1st provisional tax computations - due for submission August. Preparation of 2nd provisional tax computations - due for submission February. Annually: Completion of CIPC returns & related tracking schedule. Budget timeline coordination and budget preparation in collaboration with property managers. Completion of statistics questionnaires. Management of interim and year end audit. Completion of final tax computations - due for audit & final post audit adjustments due for submission in September. Assistance with AFS review. Ad hoc:May include, but is not limited to: Assistance with ad hoc projects related to finance department. Reporting requested by various stakeholders.Addressing financial queries raised by various stakeholders. Profile Qualifications:Non-negotiable: Accounting post-graduate degree. CA(SA), SAIPA, ACCA, CIMA. Completion of articles. 3 years post articles experience. 1-2 years’ experience as a Finance Manager (full finance function). Preferred: MDA experience. Property Industry experience. Skills: Excellent written, verbal, interpersonal and organizational skills. Strong leadership skills and ability to manage a diverse team. Consolidation and intercompany transactions experience. Strong technical accounting (IFRS) and excel skills. Analytical, critical thinking and problem-solving skills. Attention to detail and accuracy. Willingness to work additional hours as the demands of the job might indicate. Elimination Questions:1) Do you have 1 year experience managing a team?Ideal answer: Yes.2) Do you have 1-2 years’ experience in a finance managerial role?Ideal answer: Yes.3) Do you have experience in preparing consolidated financial accounts?Ideal answer: Yes.4) Do you have experience with the practical implementation of IFRS accounting standards?Ideal answer: Yes.5) Do you have experience with complex intercompany transactions?Ideal answer: Yes. Apply Now

Share this job with someone you think should apply!

Facebook

Finance Manager - Johannesburg

Related Jobs

Senior Financial Accountant - Johannesburg

Commercial Assistant Boksburg - Boksburg

Junior Financial Accountant Johannesburg - Johannesburg

Assistant Financial Manager - Johannesburg

Management Accountant Johannesburg North - North Johannesburg

Want to do another search?