About the position
Description
We are looking for a professional and detail-oriented Lease Accountant who demonstrates integrity, accuracy and strong analytical capability. The successful candidate will be responsible for managing the Group’s lease accounting function, ensuring compliance with applicable accounting standards, company policies, and legislative requirements.
The incumbent will be expected to effectively manage and control the Group’s leased properties and the related accounting function through the development, design and implementation of organizational systems, controls and measures with the objective of ensuring the efficient management and accounting of the Group’s rental property portfolio. You will also be expected to maintain the integrity of the financial accounting function, following sound accounting practices, company policy, business plans, programs, strategies and legislative requirements under the guidance of the Manager Finance: Business Support.
Must have a firm grasp of accounting and financial practices and regulations and possess strong computer, verbal and written communication skills, especially those that relate to leases of property.
Responsibilities:
- To monitor and maintain the financial reporting systems related to leases and report on all financial activities and on variances between budgets.
- To monitor and maintain financial administration systems related to leases and implementing internal controls through the implementation of policies and procedures.
- To establish and maintain the lease budgeting system and assist in the preparation of monthly management accounts related to leases
- To prepare the lease disclosure in the annual financial statements and the assist with the related audit and quarterly reviews.
- Ensure that market-related rent is negotiated on rental premises, protect the Group’s interest and maintain cost-effective lease agreements
- Ensure that the controls over leases are sufficient and effective
- Accurate and timely recording of property lease transactions and balances
- Monthly reconciliation are done correctly with no outstanding reconciling data
- Ensure correct and effective administration of the Group's rental properties, including lease negotiations and monthly payment administration
- Annual review and calculations of own properties’ market values
- Take an active leading role in the development of related systems and processes that enhance the department’s ability to report and access timely and accurate management and financial information.
- Accurately maintain the Group’s IFRS 16 lease system to ensure the accurate recording of leases in the annual financial statements.
- Weekly follow up on unapproved invoices and payments with all relevant departments
- Assist to manage any other ad-hoc financial accounting functions.
- Maintain and validate that at least 70% of the Group's lease-portfolio B-BBEE certificates are valid at a given point in time
- Continuously provide feedback and coaching to ensure that the staff member/s perform at optimum productivity level.
- Lead and manage the subordinates in the achievement of set objectives and targets.
Requirements - Degree in Finance
- Minimum 5 years relevant experience of which at least 2 years must be supervisory experience.
- Property administration experience.
- Leadership skills.
- Time management skills.
- Knowledge and understanding of latest accounting legislation.
- Advanced level of accounting principles, processes and procedures.
- Advanced level of budgeting and cost control.
- Advanced level of administration skills.
- Advanced level of negotiating skills.
Desired Skills:
- IFRS 16
- Property administration experience
- accounting legislation
- budgeting and cost control
Desired Qualification Level:
About The Employer:
