Employer Description
A Group of Furnished Apartment Hotels located in Johannesburg Northern Suburbs and Cape Town. This role will ideally be based in Cape Town at Headquarters.
Job Description
Primary Objective of this role:
Manage accounts, payroll, financial analysis, cash flow, financial risk, and asset/inventory. Ensure accurate financial reporting, compliance with regulations, and safekeeping of assets. Conduct daily reconciliation of bank, review, and record transactions, and produce reports for management analysis. Implements protocols and procedures for the group.
RESPONSIBILITIES
Financial management
Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
Track the company’s financial status and performance to identify areas for potential improvement.
Provide insightful information and expectations to managers as input in decision making.
Manage the company’s budget.
Monitor the implementation of financial policies and procedures across the Group.
Provide insightful information for cost-reduction opportunities in the Group.
Liaise with various other departments, discussing company plans and agreeing on future paths to be taken.
Ensure that payments are made to stakeholders timeously.
General ledger review and ensure that all recons are completed and signed before management accounts finalization.
Timely and accurate creditor payments
Keep up to date with IFRS and relevant legislation, regulations, and instructions to inform policies and procedures within the department.
Assist in the annual planning and coordination of year-end audit.
Assist in the timeous completion of year-end audit within approved timelines and within approved budget.
Full function capture to balance sheet, including inter co transactions, fixed assets & depreciation, imports & costing.
Adherence to accounting policy & maintain financial security by following internal controls.
Resolve accounting discrepancies and irregularities.
Conduct asset register and inventory management in the Group
Liaise with both external auditors in completing the audits for the company.
Cash Flow Management & Forecasting:
Anticipate potential challenges stemming from limited cash flow by forecasting cash payments. Ensure sufficient cash flows to facilitate the optimal functioning of business unit.
Manage banking relationships and negotiate loans and merchant services for business unit.
Ensure that there is a review weekly and monthly of bank recons as per the Finance Standard Operating Standards
Financial Risk Management & Compliance:
Prepare financial statements and debtors’ listings according to reporting standards.
Organise and manage records of contracts, insurance policies, tax reports, expenses, payroll, and other relevant documentation. Facilitate the transfer of funds between bank accounts as necessary.
Prepare operational and risk reports for management analysis by analysing and categorising risks and investments to determine their potential impact on the company.
Asset & Inventory Management
Contribute to and implement protocols to ensure the safekeeping of assets, records, loan collateral, and securities under custody or control.
Ensure that Business Unit has correct stock levels and that inventory figures are accurately recorded in the system. Any discrepancies should be investigated with the department head, and reports should be forwarded to the General Financial Manager.
Qualifications
Accounting qualification/ Bachelor of Commerce degree.
Skills
Minimum 3+ years of working experience as a Senior Bookkeeper/Accountant/Financial Manager. Experience in Hospitality industry Financial Management is essential. Computer Literate. Advanced MS Excel and PowerPoint skills. Ability to work within tight deadlines.
Benefits
Negotiable
