Job Title

Group Financial Manager

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Market Related
Area:
Sector: Real Estate
Posted: 5 March 2024

Job Details

Job Purpose: 

Establishment of the benchmark for Internal Control and Financial reporting within the group. 

Duties & Responsibilities:

  • Maintain a documented system of finance policies and procedures.
  • Oversight and management of staff within the Finance department.
  • Big picture analysis of hedging, forex exposure, local vs offshore investment and classes of assets.
  • Oversight of certain Exco reporting.
  • Implement consistent accounting policies and maintain internal controls.
  • Assistance with treasury function including, but not limited to:
    • Maintaining the integrity of the groups’ online banking platforms (assignment of responsibilities),
    • Monitoring cash flow requirements of the group on a daily basis,
    • Releasing payments,
    • Maintaining banking relationships,
    • Investigating the best available platforms for investing excess funds to ensure that the group receives the best available returns,
    • Creating Bank pack’s for presentation to the financiers,
    • Review the terms and conditions of proposed finance and report findings.
  • Monthly review of cost reports for new developments and tenant installations against budgets.
  • Maintaining the land exposure schedules.
  • Manage the budgeting process including second review.
  • Review of all income statements and balance sheets for the group.
  • Engage in ongoing cost reduction analysis in all areas of the group.
  • Authorising expenditure in accordance with the parameters set-out in the mandates.
  • Review of all audit files for the Group.
  • Drafting Annual Financial Statements.
  • Review and authorise any changes required by the auditors.
  • Guidance on tax matters.
  • Review of VAT and tax documentation prior to submission to SARS.
  • Final review of provisional tax payments.
  • Continual evaluation of suitability of current or proposed new accounting systems.
  • Oversight of Group Insurance policy.
  • Guarantees – Internal and external.
  • Group statutory and assistance with compliance matters.
  • Acquisitions and disposal of properties.
  • Legal assistance with financial aspects of agreements.
  • Overview of internal audit function.

Educational Qualifications and Other Job Requirements:

  • Chartered Accountant (SA) – preferred but not required.
  • Minimum 5 years post-articles managerial experience.
  • 10 years experience in a property environment.

Skills:

  • Well-versed with accounting practices, particularly IFRS for SME’s and the tax laws of SA.
  • Up to date with changes in legislation and committed to continued development.
  • Highly accurate.
  • Ability to identify and respond to risks.
  • Presence of mind & diligence.
  • Excellent organizational skills.
  • The ability to learn, adapt quickly, use initiative in proposing solutions to problems.
  • Analyzing Information and clear presentation of collated information.
  • Dealing with complexity.
  • Attention to detail.
  • Good leadership abilities.