Financial Operations Manager for Shopping Centres
5 days ago
We are representing a specialist real estate investor and developer seeking a skilled Financial Operations Manager to join their team based in Birmingham. This role will focus on the accuracy of accounts for shopping centres and the wider group, working closely with the Finance and Centre Management Teams.
The ideal candidate will have a minimum of 3 years' experience in Financial Management roles, with strong credit control experience and ability to analyse financial data. Real estate experience, ideally commercial but residential accepted, is highly valued.
The Financial Operations Manager will be responsible for daily bookkeeping, maintaining accurate and up-to-date financial records, and ensuring all transactions are recorded correctly in the financial systems and banks are reconciled. They will also manage the month-end closing process, including balance sheet reconciliations, profit and loss accounts, and ensure financial reports are submitted on time.
Key responsibilities include preparing regular financial reports for senior management, outlining the financial health of the shopping centre, including income statements, cash flow reports, and balance sheets. The Financial Operations Manager will oversee the invoicing process for tenants and other stakeholders, ensuring all amounts due are billed and collected in a timely manner.
They will also ensure that all supplier invoices are processed accurately and in a timely fashion, managing vendor relationships and ensuring all due payments are met. Regular payment runs for both suppliers and other payable accounts will be handled efficiently and in line with company policy. Tenant collections will be monitored and managed, with overdue accounts followed up and credit control measures implemented where necessary.
Aged debtor reports will be produced, and liaison with tenants will occur to resolve overdue payments, working with the legal team where necessary to escalate collection procedures. Annual budget preparation will involve assisting in the preparation of the annual budget for the shopping centre, working with the centre manager and group finance team to ensure accurate financial planning.
Audits will be supported by providing information as required for both internal and external audits. Tax and compliance regulations will be ensured, including VAT returns and any other financial obligations. Internal communication will be key, working closely with the centre management team and group finance team to ensure accurate and timely financial reporting.
External relationships will be managed, including auditors, banks, investors, and suppliers, ensuring smooth financial operations. The estimated salary for this role is £45,000 - £55,000 per annum, depending on experience.
The successful candidate will have the opportunity to work in a dynamic environment, with professional development and training opportunities available. A pension scheme, health and wellness benefits, on-site parking or travel allowance, and other benefits will also be offered.
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