Financial Administrator

3 days ago


Port Elizabeth, Eastern Cape, South Africa Profile Personnel Full time
Job Description

**Financial Administrator Role at Profile Personnel**

We are seeking a highly skilled and detail-oriented Financial Administrator to join our team at Profile Personnel. As a Financial Administrator, you will play a critical role in ensuring the smooth operation of our financial processes and procedures.

Key Responsibilities:
  • Daily Processing:
    • Update bank statements in Evolution.
    • Map transactions where possible.
    • Allocate payments against expenses where required.
    • Reconcile bank statements.
    • Check new budgets and ensure they are up to date.
    • Calculate and forward transfer figures to the transfer division.
    • Process transfers and pass them on.
    • Respond to client communications in a timely manner, ensuring compliance with the relevant Code of Conduct.
    • Update owner details.
    • Process payments and 3PIM transfers.
  • General Processing:
    • Process variable readings and send out statements immediately.
    • Process account reconciliations, company invoicing, and other duties as required.
    • Ensure timely processing of levies and charges for the following month.
    • Raise new budgets and levies for the new financial year.
    • Raise special levies as required.
    • Process collections in accordance with company procedure.
  • Debt, Legal Collection, and/or Insurance Guarantees:
    • Automate the procedure as per the specification on the intranet.
    • Ensure compliance with the procedure as detailed on the intranet.
    • Process legal collection matters immediately upon authorization from the governing body.
    • Handle debt collection until insurance guarantee policies are in place, at which point the accounts will be handed over.
  • Month-End Management Accounts:
    • Complete management accounts in a timely manner, but no later than the 10th working day of each month.
    • Check the management pack with the General Manager, Operations & Finance or Senior Financial Administrator.
    • Provide the management pack to the portfolio manager for review, noting any amendments.
    • Make necessary changes and merge all PDF documents into one.
    • Email the document to the portfolio manager or print a copy for forwarding to the trustees.
  • Budgets:
    • Prepare budgets at least two months prior to the end of the year.
    • Ensure all scheme information has been entered.
    • Obtain the scheme budget information sheet from the Portfolio Manager.
    • Process budgets in accordance with the budget manual.
    • Save the Excel worksheet in the relevant folder once finalized.
  • Audit Year-Ends:
    • Source documentation required by the auditor, such as insurance policies and levy schedules.
    • Check minutes to ensure the auditor is correct.
    • Complete the printed audit file checklist.
    • Ensure timely collection, receipt, and circulation of draft and final audited financials.
    • Complete final adjustments and finalize the year-end in a timely manner.
    • Make a note of the due date for the draft and diarize it.
    • Follow up before the due date.
    • Ensure all audits are handled in a timely manner, as it is the responsibility of each Financial Administrator.
  • SARS:
    • Obtain a copy of the signed audited financials within the required time period.
    • Enter your details on the SARS assessment.
    • Enter all details from the financials onto the SARS assessment as per the manual.
    • Check 'other income' and interest received by the scheme and calculate tax in accordance with SARS requirements.
  • Other:
    • Attend to all correspondence and escalations in a timely manner.
    • Process all income to the company accurately and efficiently.
    • Properly hand over and process internal scheme changes.
    • Provide relief for other Financial Administrators, including Rental Financial Administrators if required.
    • Escalate issues and concerns in a timely manner.
    • Deal with all matters related to your portfolio.
    • Download bulk bank statements daily.
    • Update control sheets and monitor work requirements.


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