Property Finance Business Partner FTC at Virgin Active South Africa

Job Description

Your Purpose...

• Build and maintain good relationships with our landlords and councils by ensuring all contractual obligations are accurately and completely recorded and met on a timely basis. 

• Provide support to the national property asset manager through financial analysis and landlord reconciliations.

Your Duties and Responsibilities...

• Ensure that all landlord accounts are up to date and all agreed terms have been complied with.
• Prepare and complete the monthly landlord payments file, together with summary and performance against budget.
• Ensure that all landlords are paid by the 1st working day of the month in accordance with the lease agreement.
• Communicate effectively to all relevant internal stakeholders all long outstanding amounts charged or where amounts charged are not in accordance with the lease agreement.
• Ensure that all monthly payments and remittances are delivered to landlords.
• Review rates calculations ensuring that rates charged are agreed to property valuations, as well as being calculated and charged as per the lease contract.
• Ensure that appropriate property related accruals are recognised where the obligation may exist;
• Continually liaise with the legal team and the national property asset manager to ensure that all contract changes, settlement agreements or any other obligations that may arise are identified and recognised appropriately.
• Ensure that the rental database is kept up to date and the rent recorded is agreed to a signed lease agreement.
• Together with the utilities administrator, ensure that all utilities charged by landlords and councils are appropriately approved and paid on time.
• Maintain the landlord tenant installation recovery reconciliation and ensure that all landlords are invoiced on time and in line with the lease agreement.
• Where there is a landlord tenant installation contribution, ensure that the related club capital expenditure is correctly allocated to and reconciled within the landlord tenant installation recovery account.
• Ensure the timely recovery of landlord tenant contributions invoiced.
• Participate in and contribute to the completion of the annual IFRS 16 calculations.
• Participate in and contribute to the monthly analysis of property rent, electricity, water and rates.

Our Minimum Requirements...

We can't live without... 

• Experience in a similar role
• A BCom degree
• Proficient, effective and timely communication
• High attention to detail
• Complete, accurate and proper record keeping
• Analytically strong
• Good understanding of lease agreements

We’d like you to have…

• Adaptability (must be able to adapt to a fast paced, changing environment)
• Be curious (must be willing to succeed, seek opportunities to learn and grow)
• Have a winning mentality (must be willing to go over and above to achieve success)
• Must be motivated to achieve success.
• A commitment to making a difference in people’s lives.
• A Growth mindset
• The ability to work independently.
• Trustworthiness (must always act in doing the right thing)
• A drive to create moments of magic for our members.
• The ability to make decisions and take ownership and responsibility for the decision.
• Action orientation

We’d love you to have…

• Previous experience focused on analysis, payment and reconciliation of property costs.
• Wellness knowledge, beyond the health club
• The ability to make quick and bold decisions.
• The ability to be agile.
• The ability to be collaborative.
• High Interpersonal skills (EQ)