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Property Accountant Umhlanga - Umhlanga Rocks

Shree Property Holdings

An industrial property Company is looking for an experienced Financial Property Accountant that has strong financial acumen and excellent leadership capabilities. The financial property accountant is responsible for overseeing the financial aspects of real estate properties, ensuring accurate and timely recording of financial transactions, and providing financial analysis and reporting to support decision-making processes. This role requires strong attention to detail, knowledge of accounting principles, and familiarity with real estate operations. Financial Reporting: Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, for real estate properties. Provide regular financial reports to management, investors, and other stakeholders. Budgeting and Forecasting: Collaborate with property managers and stakeholders to develop annual budgets and cash flow forecasts for real estate properties. Monitor actual performance against budgeted figures and identify variances. Rent and Lease Management: Oversee the accounting and administration of rental and lease agreements, including rent invoicing, rent collection, and lease abstracts. Reconcile tenant accounts and resolve any billing discrepancies. Accounts Payable and Receivable: Process invoices, verify accuracy, and ensure timely payment to vendors. Manage tenant accounts receivable, monitor rent collections, and follow up on overdue payments. General Ledger and Journal Entries: Maintain accurate general ledger records for real estate properties. Post journal entries, including accruals, prepaids, and depreciation, to ensure the proper recognition of income and expenses. Financial Analysis: Conduct financial analysis and performance evaluations for real estate properties, including variance analysis, profitability assessments, and return on investment calculations. Identify trends, risks, and opportunities to support strategic decision-making. Tax Compliance: Collaborate with tax professionals to ensure compliance with tax regulations and timely preparation of property tax returns. Assist in providing necessary financial data for tax audits and assessments. Internal Controls: Develop and implement internal control procedures to safeguard assets, maintain data integrity, and ensure compliance with company policies and accounting standards. Audit Support: Assist external auditors in conducting financial audits of real estate properties. Provide necessary documentation, explanations, and support during audit engagements. Software and Systems: Utilize accounting software and financial systems to manage property accounting processes, maintain accurate records, and generate reports. Identify opportunities for process improvement and automation. Assists in the preparation of quarterly and annual recoverable charges reconciliation. Prepares management reports, including budget, payroll, insurance and tax information. Ensure updated and accurate information and reports are generated on MDA and submitted to Management. Reviewing monthly VAT Returns and reconciliations Monthly group loan reconciliation (including interest calculations) A Bachelor's degree in accounting, finance, or a related field. Previous experience in property accounting or real estate finance is highly desirable. Strong knowledge of accounting principles, financial reporting standards (e.g., GAAP), and taxation regulations related to real estate. Proficiency in using accounting software and financial systems, MDA is mandatory and advanced proficiency in Microsoft Excel. Excellent analytical skills with the ability to interpret financial data and identify trends and patterns. Attention to detail and accuracy in financial record-keeping and reporting. Strong organizational and time management skills to handle multiple properties and deadlines effectively. Apply Now
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