Sectional Title Accountant

Location: Sandton
Department: Finance
Reporting to: Head of Department
Employment Type: Permanent

Our client, a leading property management organisation, is seeking a Sectional Title Accountant to join their finance team in Sandton.

This role is responsible for managing the full financial function across a portfolio of Body Corporates and Homeowners Associations, ensuring accurate financial reporting, compliance with statutory requirements, and strong financial governance within community schemes.

The successful candidate will demonstrate strong analytical capability, excellent reconciliation skills, and the ability to manage multiple financial portfolios in a deadline-driven environment.

• Allocate and review all cashbook entries accurately and timeously.
• Monitor scheme cash flow and ensure financial stability across managed portfolios.
• Verify cash transactions for accuracy and completeness.

Perform and review monthly reconciliations including:

• Bank account reconciliations (Administrative Fund & Maintenance Reserve Fund)
• Levy control reconciliations
• Debtors age analysis to Trial Balance reconciliation
• Creditor reconciliations against supplier statements
• Utility recoveries (electricity, water, prepaid recoveries)
• Municipal account reconciliations
• CSOS levy reconciliations
• Inter-fund transfers (Administrative vs Maintenance Reserve Fund)
• Balance sheet control accounts
• Accruals and prepayments

Investigate and resolve reconciling items to ensure accurate reporting.

• Prepare monthly management accounts in accordance with Sectional Title Schemes Management Act (STSMA) requirements.
• Allocate financial transactions correctly between Administrative and Maintenance Reserve Funds.
• Analyse financial performance against budgets and provide variance commentary.
• Identify financial risks and trends for trustee review.

• Prepare and post month-end journals with supporting documentation.
• Ensure entries reflect the true financial position of each scheme.
• Maintain strong internal controls and audit compliance.
• Reconcile supplier statements monthly.
• Resolve discrepancies and maintain accurate supplier balances.
• Ensure completeness of month-end accruals.

• Review monthly levy billing runs.
• Verify levy allocations between funds.
• Confirm interest calculations and special levy allocations.
• Investigate and resolve billing discrepancies.

• Prepare audit files and supporting documentation.
• Liaise with external auditors.

• Prepare and submit Annual Income Tax Returns for Body Corporates and HOAs.
• Ensure correct tax treatment of interest income and scheme revenue.
• Liaise with SARS and tax practitioners where required.
• Monitor provisional tax requirements and submission deadlines.
• Attend trustee meetings (including occasional after-hours meetings).
• Present financial reports and management accounts.
• Explain financial performance, arrears, and reserve fund status to trustees.
• Review and reconcile municipal accounts.
• Perform variance analysis on utility expenses.

• Draft annual budgets in collaboration with Portfolio Managers.
• Prepare levy schedules.
• Assist with 10-year maintenance reserve forecasts in line with statutory requirements.

• Work with debt collectors regarding arrears accounts.
• Track legal recoveries and payment arrangements.
• Degree or Diploma in Accounting or related field
• Strong understanding of accounting principles and financial reporting
• Experience in sectional title or property management accounting preferred
• Ability to manage multiple financial portfolios

• Knowledge of Sectional Title accounting structures
• Experience with WeConnectU property accounting system
• Advanced Microsoft Excel skills
• Strong analytical and reconciliation skills
• High attention to detail and accuracy
• Ability to work independently
• Ability to communicate financial information clearly to trustees