Job Purpose:

The Financial Controller is responsible for the financial management of a portfolio of properties and companies, ensuring compliance, accuracy, and efficiency in financial operations. This role involves full financial function management, including budgeting, forecasting, reporting, taxation, risk management, and external audits.

A key component of this position is financial reconciliation, ensuring seamless integration between operating and financial systems, and maintaining cash flow efficiency. The incumbent must be detail-oriented, analytically driven, and capable of problem-solving to ensure smooth financial operations.

Key Responsibilities:

Financial Processing & Reconciliation:

• Oversee financial reconciliation processes, including operating system, general ledger, and sub-ledger balances.
• Ensure accurate and complete accruals, revenue tracking, and tenant statements.
• Monitor and authorize financial journal entries, including depreciation adjustments.
• Calculate and manage property and asset management fees.
• Prepare monthly financial schedules for management reporting.

General Ledger & Financial Management:

• Reconcile general ledger accounts, ensuring accurate allocation of costs.
• Manage supplier and payment allocations, ensuring completeness and accuracy.
• Upload and review monthly financial data for accuracy and compliance.
• Process monthly financing transactions (e.g., bond interest, interest rate swaps).

Budgeting & Forecasting:

• Provide input into annual budgets and monthly forecasting in collaboration with property managers.
• Track actual vs. budgeted financials, providing variance analysis and explanations.

Cash Flow & Payments Management:

• Monitor daily cash positions, ensuring funds are available for timely supplier payments.
• Maintain and update cash flow forecasts, ensuring excess funds are transferred efficiently.
• Authorize payments, ensuring tax compliance and invoice validity.

Financial Reporting & External Audits:

• Prepare monthly management accounts for business review meetings.
• Compile CaseWare reports with supporting documentation for bi-annual and annual reporting.
• Ensure timely preparation of financial statements and liaise with external auditors for annual sign-offs.
• Address and resolve audit queries effectively.

Taxation & Compliance:

• Manage statutory and provisional tax compliance, ensuring timely submission of tax returns.
• Handle monthly VAT calculations and ensure compliance with SARS deadlines.
• Oversee all SARS-related queries and tax payments.

Risk Management & Governance:

• Ensure compliance with financial regulations, internal policies, and statutory requirements.
• Implement audit recommendations to mitigate financial risk.
• Monitor business risks and implement controls to enhance financial security.