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Job Description:
The position of Investment Accountant is responsible for monitoring of financial and management reports, tax compliance and other requirements as required for the property trusts.
It is expected that the Investment Accountant is responsible for the preparation and maintenance of accurate financial records for the trust entities and provide information in a timely, complete and accurate manner, including the following:
The role is responsible for the duties including, but not limited to, the below.
DUTIES & RESPONSIBILITIES
Processing and Monthly Tasks
- Reviewing weekly cash balances for funds and ensuring sufficient cash is available to meet fund financial commitments (Bank sweeps);
- Supporting the finance manager and providing direction to the Fund accountants;
- Review and analyse monthly Fund dashboard of all responsible trusts, commentary input for large movements;
- Assist with investor enquiries on investor tax statements;
- Monthly verification of all responsible trust loan facilities;
- Preparation of monthly financial reports and completion of a month-end checklist for fund/ trust entities and property assets within responsible trust funds;
- Monitor capital expenditure against budget and maintenance of capital register and supporting documentation; and
- Monitor leasing incentives and Fitout contributions.
Reporting
- Review and prepare regular bank covenant reporting, monitor and report of any potential or actual breaches to covenants to the Property Finance team;
- Review of annual financial reports and tax returns for property trusts;
- Review of distribution rates and prepare recommendations for amendments to rates;
- Review BAS preparation and lodgement for the property funds/ trusts;
- Review preparation and maintenance of cashflows/ budgets for the funds/ trusts;
- Review and prepare ad hoc cashflows and forecast on ‘what if’ basis as and when required;
- Assist with managing existing finance facilities – manage and update the Bank/Debt schedule across the portfolio in all SPG document/spreadsheets or the like. This will include updating information relating to maturing loans, increases for capex, extensions, etc.;
- Annual Review - Coordinate and drive bank annual reviews and special purpose reviews where necessary; and
- Covenant Compliance - Monitor bank exposures and limits, bank governance, document key indicators across the portfolio (e.g., covenants, conditions, ICR, LVR, etc).
Project Work
- Assist CFO on specific items and other ad-hoc projects as required; and
Other
- Liaising with Peak Partnership (external accountants) as required;
- Review annual investor tax statements by trust and have a comprehensive understanding of the information included;
- Timely filing of accounting information; and
- Contributing to identifying efficiencies in the accounting function.
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