Financial Manager – Portfolios

SUMMARY:
We are looking for a Financial Manager – Portfolios to take up a new permanent role in Sandton.

POSITION INFO:
Responsibilities
- 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 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 in order to be able to provide the necessary assistance to staff when required.
- Undertake and review of the SMAC calculations on a monthly basis ensuring that the company's portfolio information for the MMI portfolios agrees to the SMAC investment balances.
- Undertake and review the authorisation of the MMI monthly movement files that needs 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 the 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 ensuring that recon items are cleared monthly
- 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 co-ordination 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
- Ensure compliance for 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 being 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.
- Involvement in ad-hoc projects related to the financial and administration needs of the portfolios.
- Staff management for the Portfolio Finance Team including recruitment of staff and performance management.
- Important role regarding staff growth ensuring that staff have a clear and attainable future
- EFT signatory on all portfolio bank accounts
- Maintain good working relationships with Property Management and Asset Management divisions.
- Assist in the drafting and implementation of policies related to the financial systems and procedures.
- Implementation, modifications and ensuring the adherence to all internal controls
- Ensuring that there are adequate, consistent monthly reporting packs for the respective portfolios.
- Ensuring suppliers payments are made paid in accordance with the pre-defined terms.
- Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
- Due to the high demands of the financial management position, there would be a need to work overtime where the need arises.

Experience
- Previous experience as a financial manager
- Audit experience will be an added advantage
- Detailed understanding of the IFRS and Income tax Act is mandatory

Please call us on 0100300127

NB: Should you not hear from us within 6 weeks, please consider your application unsuccessful.