Job Description
About the Role
We are seeking a sharp, detail-obsessed Lease Accountant who will be the rockstar of our rental properties. As our Groups Lease Accountant, you’ll twist IFRS 16 into submission, keep our lease portfolio tight and compliant, negotiate killer deals, and make sure every rand of rent is working as hard as you do.
Key Responsibilities
- Monitor and maintain the financial reporting systems related to leases and report on all financial activities and on variances between budgets.
- Monitor and maintain financial administration systems related to leases and implement internal controls through the implementation of policies and procedures.
- Establish and maintain the lease budgeting system and assist in the preparation of monthly management accounts related to leases.
- Prepare the lease disclosure in the annual financial statements and assist with the related audit and quarterly reviews.
- Ensure that market-related rent is negotiated on rental premises, protect the Groups interest and maintain cost-effective lease agreements.
- Ensure that the controls over leases are sufficient and effective.
- Accurate and timely recording of property lease transactions and balances.
- Monthly reconciliations are done correctly with no outstanding reconciling data.
- Ensure correct and effective administration of the Group’s rental properties, including lease negotiations and monthly payment administration.
- Annual review and calculations of own properties market values.
- Take an active leading role in the development of related systems and processes that enhance the departments ability to report and access timely and accurate management and financial information.
- Accurately maintain the Groups IFRS 16 lease system to ensure the accurate recording of leases in the annual financial statements.
- Weekly follow up on unapproved invoices and payments with all relevant departments.
- Assist to manage any other ad-hoc financial accounting functions.
- Maintain and validate that at least 70% of the Group’s lease-portfolio B-BBEE certificates are valid at a given point in time.
- Continuously provide feedback and coaching to ensure that the staff member/s perform at optimum productivity level.
- Lead and manage the subordinates in the achievement of set objectives and targets.
Requirements
- Degree in Finance
- Minimum 5 years relevant experience of which at least 2 years must be supervisory experience.
- Property administration experience.
- Leadership skills.
- Time management skills.
- Knowledge and understanding of latest accounting legislation.
- Advanced level of accounting principles, processes, and procedures.
- Advanced level of budgeting and cost control.
- Advanced level of administration skills.
- Advanced level of negotiating skills.
Qualifications
(No qualifications mentioned in the original job description)
Salary & Benefits
(No salary or benefits information mentioned in the original job description)
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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