Finance Manager

The Financial Manager role functions to ensure the implementation and maintenance of efficient and effective financial systems and processes, responsible for oversight and management of accounts and book-keeping functions, cash flow controls, management accounts, billings and collections, audits and requirements and management of the finance team.

The role is further responsible for overseeing the financial operations, strategic direction and performance of a portfolio of applicable Inospace entities. This role, amongst other things, includes managing financial reporting, budgeting, forecasting, and ensure compliance with regulations

General Financial Management

• Oversight and management of the finance function as a whole to ensure pro-active, efficient and effective management of the financials, ensuring reliable financial information and budgeting across the Group.
• Contribute fully to the development of the Companys financial and accounting strategy, challenging assumptions and decision-making as appropriate and providing financial analysis, reports and guidance on all activities, plans, targets and business drivers
• Management of corporate financial policies regarding capital requirements, cash management, debt, taxation, equity, disposals and acquisitions, as appropriate
• Management of corporate budgets, ensuring budgeting processes are carried out and reviewed and performing budget analyses with a view to cost reduction opportunities
• Establish a high level of credibility and manage strong working relationships with both internal and external parties
• Ensure the company financial systems are robust, compliant and support current activities and future growth
• Tax compliance

Management Accounting

• Oversight and management of the entire accounts function, including setting up and improving effective management accounting systems
• Preparation and delivering of all management account reports, including income statement, balance sheet per building, and all budget and variance reports across properties and services timeously i.e. by the middle of the following month
• Oversight Management of fixed asset registers including depreciation management
• Management, maintenance and reporting of shareholder loan accounts
• Oversight and signing off of monthly bank reconciliations
• Calculation, capturing, and execution of property management and asset management fees
• Oversight of property and arrears management and management of legal escalations

Financial Reporting and analysis

• Ensure that the GL and trial balance for Applicable Entities is maintained and up to date at all times
• Full end-to-end accounting function for LISA and Fulfilment
• Full end-to-end accounting function for Procos, save for client billings and supplier invoice capturing
• Perform monthly reconciliations of control accounts, bonds and inter-company loans
• Oversee financial processing of all income, recoveries and expenses, commissions, lease fee billings, ancillary fee billings and staff cost recoveries, ensuring accuracy and compliance with accounting standards
• Ensure on-time and accurate delivery of monthly and quarterly management accounts/ reporting packs in compliance with committed timelines.
• Analyse financial results, including variance analyses, and provide commercial insights to stakeholders (i.e. Exco and shareholders).
• Conduct financial analysis to support decision-making and identify opportunities for improvement
• Analyse financial performance, identify trends, and provide actionable insights to senior management.

Cash Flow Management

• Oversight and management of all bank accounts and activity
• Oversight and management of financial status of all projects
• Management of shareholder funding, including preparation of funding requests and reports
• Liaison and management of all bank relations

Compliance, Audits and Internal Controls

• Ensuring all audits and statutory compliance are carried out timeously, in line with regulations and compliance requirements
• Ensure that regulatory requirements of all statutory bodies are met
• Preparation and management of all external audit requirements, ensuring all reconciliations, balance sheets and necessary documentation are in place and completed.
• Oversight and management of insurance requirements and policies, including amendments and annual reviews of policies, reporting of new properties to insurance brokers and ensuring cover timeously, and ensuring cover is sufficient
• Oversight and management of financial secretarial requirements, including registering of directors, renaming of shareholders, annual return at CIPC, MOIS, reports from auditors on sale/purchase of buildings, etc

People Management

• Responsible for effective recruitment, onboarding, professional development, performance management and team retention of all reporting team members in the finance department,
• Management of the National Collections Manager and National Billings Manager and their performance, ensuring that they fulfil and understand their responsibilities
• Management of the Property Finance Administrator/s and Assistant/s and their performance, ensuring that they fulfil and understand their responsibilities

Requirements

• All applications must be a South African Citizen to be considered
• Candidate should be registered with Professional Financial Association (CA(SA) or CIMA)
• Candidate should have at least 3 years experience in Fast Pace environment in a Management role
• This position is Full Time Office Based, in our Cape Town Office

We are committed to employment equity and invite candidates from all designated groups, as defined by the Employment Equity Act, to apply.

BenefitsProvident Fund and Group Risk post probation period