Finance Manager

We're looking for a detail-driven, analytical, and experienced
Finance Manager
to oversee the financial integrity of our property portfolio. This role is key in maintaining accurate accounting records, preparing monthly management reports, and driving financial process improvements. It requires a strong understanding of intercompany loans, variance analysis, and fixed asset management ensuring timely and accurate reporting that supports strategic decision-making across the business.

What makes us excited to come to work each day?

Thousands of people spend most of their days working and living in our buildings; at Africrest we believe that our actions have a large snowball effect on the economy and society. When we manage our buildings extremely well, our tenants are that much happier and more productive.

You will be part of:

A company that owns one of the largest middle income residential portfolios in South Africa and has become an industry leader in this asset class.

We give people an incredible opportunity to live in the best areas with world class common area facilities, at affordable rentals. This helps create an inclusive society

We own and manage a commercial portfolio of office, retail and industrial buildings. We ensure that our tenants are able to work in a great environment, so that they can focus on growing their business which in turn helps improve the economy.

The Africrest team does not settle for satisfactory, rather we strive to do everything in a great manner- from small tasks to large projects. If you want to be part of a company and culture that drives you to be the best you can be, then please get in contact with us.

We reward great efforts

Over the last 2 years, we have been one of very few companies, where over 95% of our employees, received:

• A bonus of more than a 13th cheque.

• An inflationary related annual increase.

When many other companies have not paid bonuses or increases.

We are different

At Africrest we don't "pigeonhole" by fostering an environment of curiosity and collaboration, we encourage our team to strive for excellence within their role and to continually seek out innovative solutions to improve current business functions which maximises their own professional growth as well as Africrest's continued growth.

We encourage potential employees to speak to our employees to see why people enjoy working at Africrest.

Position Purpose and Profile

It is a requirement of this position that the Finance Manager takes full responsibility for the management of the finance team in relation to all financial matters relating to the Residential- and/or Commercial Property Portfolio. This includes ensuring business transactions are reported in accordance with generally accepted accounting principles (IFRS for SMEs). Day-to-day monitoring of the operations of the finance department. Ensuring compliance with accounting policies and regulatory requirements. Driving continuous improvement in the finance department. Continuous monitoring of controls to ensure the implementation of mitigations for any identified weaknesses.

Responsibilities:

Include but are not limited to:

Ongoing:

• Management of financial accountants to ensure the delivery of accurate, reliable, and high-quality deliverables within required deadlines.
• Coaching and upskilling of financial accountants.
• Ensuring cohesion between the financial accounting team and the creditors team in collaboration with the Creditors Supervisor, to meet the obligations of the overall finance department.

Treasury management, including, but not limited to:

• Sweeping of surplus cash balances.
• Bank account administration.
• Managing of FICA requests in collaboration with Office Manager.
• DOKKA accounts payable system administration.
• Drafting, distribution and implementation of processes and relevant policy documents.
• Drafting and maintenance of Finance Team manual.

Monthly:

• Review and posting of journals prepared by the financial accountants.
• Review and approval of fixed assets capitalised, and all inputs loaded into the MDA fixed asset module.
• Review of items capitalised to Property improvements to ensure they are in line with the capitalisation policy.
• Review VAT and ensure sufficient funds are available in the bank to make payments.
• Review income statement commentary prepared by financial accountants.
• Review Balance sheets and prepare key balance sheet account reconciliations in collaboration with Creditors Supervisor where relevant.
• Review intercompany transactions to ensure completeness of elimination journals.
• Preparation of consolidated income statement and balance sheet.
• Preparation of external covenant reporting for review by Head Of Finance.
• Preparation of income statement forecast to feed into monthly cashflow forecast prepared by Head Of Finance.
• Sweep funds for PAYE payment (fifth of every month) and distribute allocation to Creditors team.
• Address queries raised by stakeholders on the financial accounts.
• Review of creditors reconciliations in line with policy.

Annual:

• Completion of CIPC returns & related tracking schedule.
• Budget timeline coordination and budget preparation in collaboration with property managers.
• Completion of statistics questionnaires.
• Management of interim and year end audit.
• Completion of final tax computations - due for audit & final post audit adjustments due for submission in September.
• Assistance with AFS review.

Adhoc:

May include, but is not limited to:

• Assistance with adhoc projects related to finance department.
• Reporting requested by various stakeholders.
• Addressing financial queries raised by various stakeholders.

Quaterly:

• Preparation of Board reporting for review by Head Of Finance.
• Preparation of third-party shareholder reporting for review by Head Of Finance.

Half yearly:

• Preparation of 1st provisional tax computations - due for submission August.
• Preparation of 2nd provisional tax computations - due for submission February.

Qualifications, Skills and Experience:

• At least 3 years' experience as a Finance Manager (full finance function).
• Accounting post-graduate degree.
• CA(SA), SAIPA, ACCA, CIMA.
• MDA experience preferred.
• Property Industry experience preferred.
• Excellent written, verbal, interpersonal and organizational skills.
• Strong leadership skills and ability to manage a diverse team.
• Consolidation and intercompany transactions experience.
• Strong technical accounting (IFRS) and excel skills.
• Analytical, critical thinking and problem-solving skills.
• Attention to detail and accuracy.