The Sectional Title Finance Specialist plays a critical role in managing and overseeing financial operations related to sectional title developments. This professional ensures compliance with financial regulations, optimizes financial performance, and supports the effective management of sectional title properties.
Key Responsibilities
Financial Management: Administer financial accounts for sectional title schemes, including budgeting, forecasting, and reporting.
Assessment of Levies: Calculate and manage levies charged to unit owners within sectional title properties.
Billing and Collections: Ensure accurate invoicing and efficient collection of levies, fees, and other payments.
Compliance: Maintain adherence to relevant laws and regulations, including the Sectional Titles Act and community scheme financial policies.
Reconciliation: Perform monthly reconciliations of financial statements and bank accounts.
Auditing: Coordinate annual audits and liaise with external auditors to ensure transparency and accuracy in financial reporting.
Communication: Serve as the financial point of contact for trustees, property managers, and sectional title owners.
Risk Management: Identify and mitigate financial risks associated with sectional title schemes.
Record Keeping: Maintain detailed and organized financial records for easy accessibility and long-term reference.
Qualifications and Skills
Educational Background: A degree or diploma in finance, accounting, or related field.
Professional Experience: Experience in property finance, community scheme management, or sectional title administration is highly valued.
Technical Skills: Proficiency in accounting software and financial management systems.
Analytical Ability: Strong problem-solving and decision-making skills to manage complex financial scenarios.
Communication Skills: Excellent written and verbal communication abilities to interact effectively with stakeholders.
Attention to Detail: Accuracy in financial calculations and reporting.
Organizational Skills: Ability to manage multiple tasks and deadlines efficiently.
Work Environment
The role typically operates within a professional office setting but may involve occasional visits to sectional title properties. This position requires collaboration with trustees, property managers, and sectional title owners, ensuring smooth financial operations and resolving any financial concerns. Salary will be market related and discussed in the interview
Job Types: Full-time, Permanent
Education:
Diploma (Preferred)
Experience:
sectional title finance: 2 years (Required)
Work Location: In person
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