Lease Accountant (IFRS 16)

About the role

A property group is looking for a Lease Accountant in Centurion to manage and control its leased properties and the related accounting function. The role covers IFRS 16 lease accounting, lease negotiations, monthly reconciliations and B-BBEE certificate maintenance, and sits under the guidance of the Manager Finance: Business Support.

Key responsibilities

• Monitor and maintain financial reporting and administration systems for leases, and implement internal controls through policies and procedures.
• Establish and maintain the lease budgeting system and help prepare monthly management accounts for leases.
• Prepare lease disclosures in the annual financial statements and assist with the related audit and quarterly reviews.
• Negotiate market-related rents, protect the Group's interests and keep lease agreements cost-effective.
• Ensure controls over leases are sufficient and effective, and record lease transactions and balances accurately and on time.
• Carry out monthly reconciliations with no outstanding reconciling data, and follow up weekly on unapproved invoices and payments.
• Maintain the IFRS 16 lease system so leases are recorded correctly in the annual financial statements.
• Review annually the market value of the Group's own properties and keep at least 70% of lease-portfolio B-BBEE certificates valid.
• Develop systems and processes that improve timely reporting, coach staff and lead subordinates toward their targets.

Required profile

• Degree in Finance.
• Minimum 5 years of relevant experience, including at least 2 years of supervisory experience.
• Property administration experience.
• Leadership and time management skills.

Required skills

• Knowledge of current accounting legislation and advanced accounting principles, processes and procedures.
• Advanced budgeting and cost control.
• Advanced administration and negotiation skills.