Property Accountant at Shree Property Holdings in Umhlanga
Shree Property Holdings · Umhlanga, KwaZulu Natal
Overview
Shree Property Holdings is looking for an experienced Property Accountant to join their industrial property team in Umhlanga. You will handle financial reporting, budgets, rent and lease management, and tax compliance for real estate properties. If you have a finance degree and solid property accounting experience with MDA, this could be your next career move.
About the role
Shree Property Holdings is an industrial property company based in Umhlanga, and they need a Property Accountant with strong financial acumen and leadership potential. In this role, you will oversee the financial health of their real estate portfolio.
What you will do:
- Prepare and analyse financial statements, including balance sheets, income statements and cash flow statements for properties.
- Help develop annual budgets and cash flow forecasts while monitoring actual performance against them.
- Manage rental and lease accounting, including rent invoicing, collections and reconciling tenant accounts.
- Process invoices, manage accounts receivable and follow up on overdue payments.
- Maintain the general ledger and post journal entries for accruals, prepaids and depreciation.
- Conduct financial analysis, variance reports and profitability assessments.
- Assist with tax compliance, VAT returns, group loan reconciliations and audit support.
- Use MDA and Excel to generate management reports and improve property accounting processes.
Application note: Only shortlisted candidates will be contacted. Please ensure your CV clearly shows your property accounting experience and MDA proficiency.
Requirements
- 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 (GAAP) and real estate taxation.
- Proficiency in accounting software and financial systems, with MDA being mandatory.
- Advanced proficiency in Microsoft Excel.
- Excellent analytical skills and ability to interpret financial data.
- Attention to detail and accuracy in financial record keeping.
- Strong organisational and time management skills to handle multiple properties and deadlines.
Responsibilities
- Prepare and analyse financial statements, including balance sheets, income statements and cash flow statements for real estate properties.
- Provide regular financial reports to management, investors and stakeholders.
- Collaborate with property managers to develop annual budgets and cash flow forecasts.
- Monitor actual performance against budgeted figures and identify variances.
- Oversee rental and lease accounting, including rent invoicing, collections and lease abstracts.
- Reconcile tenant accounts and resolve billing discrepancies.
- Process invoices, verify accuracy and ensure timely vendor payments.
- Manage tenant accounts receivable, monitor rent collections and follow up on overdue payments.
- Maintain accurate general ledger records and post journal entries for accruals, prepaids and depreciation.
- Conduct financial analysis, profitability assessments and return on investment calculations.
- Collaborate with tax professionals for property tax returns and tax audits.
- Develop internal control procedures to safeguard assets and ensure compliance.
- Assist external auditors with financial audits and provide necessary documentation.
- Utilise MDA and other accounting software to manage property accounting processes.
- Prepare quarterly and annual recoverable charges reconciliation.
- Prepare management reports covering budget, payroll, insurance and tax information.
- Review monthly VAT returns and reconciliations.
- Perform monthly group loan reconciliations, including interest calculations.
Benefits
Training, Paid Annual Leave
Job details
- Organisation
- Shree Property Holdings
- Location
- Umhlanga, KwaZulu Natal
- Job type
- Full time
- Experience level
- Mid
- Education
- Bachelor
- Category
- Real Estate & Property
- Application Method
- Apply manually
Success Guide
Hi there! If you are applying for this Property Accountant role at Shree Property Holdings, make sure your CV clearly highlights your experience with MDA software and property accounting. The company specifically mentions MDA as mandatory, so if you have used it before, put that near the top of your CV. Also, since they are looking for someone with strong financial acumen, use your cover letter to explain how you have handled budgets, rent collections or financial reporting in previous roles. During the interview, be ready to talk about how you manage multiple property portfolios and tight deadlines. They might ask you to walk through a real example of how you resolved a tenant billing issue or improved a financial process. Good luck!
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