Financial Reporting
- Preparation of information for preparation of yearly financial statements and tax returns for all development and investment entities by external accountants
Capitalisation of development costs
Amortisation of borrowing costsCost of goods sold calculationsCoordinate financial reporting with external accountants to meet investor reporting deadline including final reviews and sign off by directorsPrepare annual investor reports and co-ordinate its distributionReview all changes made by accountants and ensure these make commercial sense for our reporting purposesManagement Reporting
Preparation of monthly development management reportsProvide information and background on costs incurred on a monthly basis for developmentsLiaise with development team to ensure budgets and costs have been correctly allocatedReport to banks regarding financial covenants as requiredPrepare and review management accounts for correctness as well as identifying areas of risk that require attentionTreasury and Cashflow
Oversee cash requirements for development entities taking into consideration timing of GST and bank financingEnsure entities maintain adequate levels of cash to meet short and long term requirementsManage monthly draws of debt from banks including liaising with quantity surveyor, providing non-construction costsAccounts Payable / Account Receivable
Process payables and distributions on a monthly basisAttend to invoicing on a monthly basis as requiredOversee administration of leases and appropriate increases are appliedOversee preparation of yearly outgoings adjustmentMonthly bank reconciliationsPreparation of monthly BASs for development entitiesAd hoc
Apply for registrations for development entities (ABN, TFN, GST)Handle any enquiries related to development entitiesAssist with answering questions from investorsAny other ad hoc duties as requested by the teamSkills and experience
Knowledge of MYOB and MS Office is a mustKnowledge of Xero is beneficial but not required