AddressDo you have a knack for ensuring accuracy in financial records and providing insightful analysis? If so, we have an exciting opportunity for you!
Who we are:
As a proud not for profit organisation since 1922, Respect Aged Care serves older residents through our high standard of care and community. Our focus is on giving back to older adults by fostering communities of belonging. Headquartered on the northwest coast of Tasmania, our philosophy is: Everyone deserves the right to a life well-lived, with dignity and respect.
Our organisation is constantly growing, with many homes and thousands of residents and employees across Victoria, New south Wales and Tasmania. Respect also has home care services in multiple states, and more than 700 units in different retirement villages and independent living communities.
The Position:
To collaborate across the organization in the financial oversight and evaluation of capital and project outcomes, from inception through to financial feasibility analysis, financial accounting and reporting, performance monitoring, and closure.
The role will include internal and external stakeholder engagement, monitoring and reporting on project financial performance, capital forecasting, month end reporting and reconciliations and compliance with Respect policies and statutory requirements
Key Responsibilities:
- Monitor Capital Control Processes: Oversee capital control processes and procedures, including monitoring and managing Construction Work in Progress (WIP), and forecasting the Fixed Asset Register (FAR) to ensure accurate capital and depreciation outcomes.
- Support Business Case Preparation: Assist in gathering timely and precise information for the preparation and submission of business cases, ensuring capital projects receive appropriate approval.
- Cash Flow Projection: Prepare and review cash flow projections to facilitate the funding of projects within agreed budgetary constraints.
- Implement Financial Internal Controls: Develop, implement, and monitor financial internal control policies related to tangible and intangible assets and associated systems.
- Maintain Fixed Asset Registers: Manage the Fixed Asset Registers, conduct monthly depreciation, and reconcile Fixed Asset/WIP accounts on the balance sheet.
- Monitor Fixed Assets/Insurance Reconciliation: Oversee reconciliation processes for Fixed Assets/Insurance-related balance sheets.
- Review Fixed Asset Capitalization: Perform weekly reviews of fixed asset capitalization according to company policy, including the review of other Operating Expenses (OPEX) accounts as necessary.
- Monitor Repair and Maintenance Costs: Monitor repair and maintenance (R&M) costs to ensure proper allocation and post monthly R&M accruals.
- Provide Reporting and Analytics: Offer accurate reporting and analytics on capital expenditure (CAPEX) and R&M spend to internal stakeholders.
- Grant Reporting & Acquittals: Prepare and provide information for grant reporting and acquittals.
- Present Financial Outcomes: Present financial outcomes of capital projects, including analysing and explaining variations between actual and budget/forecast performance on a project-by-project basis.
- Stakeholder Alignment: Ensure alignment between key stakeholders in each operational area while adhering to evolving company policies.
- Contract Review and Approval: Monitor the contract review and approval process to ensure positive outcomes for the Company, balancing costs, outcomes, time, and risk.
- Facilitate Expenditure Understanding: Facilitate understanding of repair and maintenance/software/general OPEX in Property and IT operational areas to optimize expenditure without compromising operational quality.
- Collaborate on Capital Management Tools: Collaborate with the Property & Development Manager and the FP&A Manager in developing capital management assessment tools to control and allocate funding effectively.
- Valuations: Coordinate annual and scheduled land and building revaluations in accordance with Financial Reporting & Insurance requirements, and ensuring valuations are reflected in balance sheet accurately
- Process and Policy Improvement: Continuously improve company processes and policies in fixed asset and CAPEX areas.
- Budgeting and Forecasting: Assists in the preparation of the annual budget and rolling forecasting process.
Requirements
What you can bring to the role:
Essential:
- Tertiary qualification in Business or Commerce, with Acounting major
- CPA/CA qualified
- A minimum of 7 years’ experience in financial accounting
- Extensive experience in managing and analysing high volume of data to recognize, understand and assist in solving problems
- Extensive experience in the use of computerised financial management information systems, financial modelling, data extraction and manipulation, and report writing tools
- Well-developed working knowledge of Australian Accounting Standards, Practices and Concepts and their application
Benefits
What we can offer you:
- Competitive salary and entitlements.
- Pay incentives including not-for-profit salary packaging.
- Meaningful work in a purpose-driven organisation.
- Long-term employment in a recession-proof sector.
- Learning, development, and growth opportunities.
- Discounted private health insurance.
Our purpose:
To care for the elderly in our communities in an environment of respect, value, and belonging.
Our Values:
Respect - Treat all people with fairness and dignity
Care - Look after and protect the elderly, and each other
Teamwork - Encourage, cooperate, and build trust
Courage - Do the right thing, even when it’s difficult
Integrity - Be open, honest, and trustworthy
Innovation - Think differently to solve problems.
Excellence - Drive quality to continuously improve.
