Daniel Shunmugam

I am a seasoned Property Portfolio Manager with over 8 years of strategic and operational experience across diverse asset classes, including shopping malls, industrial parks, and commercial developments. Complementing my property background, I bring 6 years of senior level experience as an auditor and accountant, where I led financial reviews, compliance audits, tax structures and internal control frameworks across complex portfolios. I am eager to contribute to an organization that is well-established, financially sound, and committed to fostering a stimulating and purpose-driven working environment.

I value stability, transparency, and innovation, and I'm drawn to teams that cultivate excellence while empowering individuals to grow both professionally and personally.

Property Portfolio Manager - Newlyn Group

(2024-01)

• Overseeing the property portfolio with a GLA of 2 million square meters
• Maximizing ROI and asset value for the portfolio
• Monitor the portfolio performance and maintain occupancy levels
• Ensuring all properties are income generating assets
• All non-producing assets are carefully valued and disposed for repositioning opportunities
• Financial modelling for all new developments and acquisitions (green and brown field investments)
• Report to the investment committee on a quarterly basis
• Reviewing insurance contracts to ensure all assets are adequately covered
• In charge of lease negotiations and renewals
• Oversee debt position funding and ensure LTV is maintained for all new developments
• Maintaining strong relationships with tenants on a national basis
• Review budgets, forecasts and operational cash flow
• All capex projects (c. R500 million) are strictly tracked against budgets
• Interact with the development team in terms of model design and maximizing IRR
• Reviewing of all lease agreements, credit control and vendor applications
• Interact with the compliance team to ensure all properties are compliant and within the relevant regulations
• Inclined to market intelligence to enhance business strategies
• Liaising with key brokers on a national scale for new opportunities
• Manage a team of 15 employees (direct and indirect)

Regional Financial Manager – Southern Retail Portfolio - Broll Property Group (Pty) Ltd

(2021-07 - 2023-12)

Reason for leaving: Stability, as our client might not renew their contract with Broll Property Group.

• Responsible for overseeing and directing all accounting functions, processes and as well as good corporate governance within the Southern Retail Portfolio
• Reviewing of management packs before presentation to the COO and Asset Managers
• Strictly reviewing each shopping mall financial performance on a monthly basis
• Ensures that cash flows are healthy and shareholders demands are closely satisfied
• Review of monthly financial consolidations and analysis for the portfolio
• Analyze risks and weaknesses within the portfolio and ensures adequate mitigations are implemented to combat these limitations
• Treasury reporting - Monitors each shopping mall cash flow and reserves
• Detailed reviews on income statements, balance sheets and forecasts on a monthly basis
• Releasing of weekly and monthly payments to relevant creditors
• High level review of budgets for a 3 year period
• Review of adjustment accounts for sold properties
• Ensures all internal controls are in place and oversees the internal auditors findings
• Reviewing monthly distributions on co-owned shopping malls
• Liaise with senior external auditors and ensures all audit requests are adhered and efficiently attended
• High level utility analysis and solar performance across the portfolios – collaborates with the National Ops Manager
• Review of lease agreements, deals and negotiations
• Review of Capex accruals, commitments and forecasts on a quarterly basis across the portfolios
• Review of adhoc recons i.e. SASRIA claims, payments for loss of income and capital expenditure – collaborates closely with the development team
• Report directly to the National Financial Manager, Portfolio Manager, Divisional Director and Asset Manager
• High level review of monthly vat submissions
• Manages a team of 15 (Accountants, property managers, operations, creditors, credit controllers and administrators)

Financial Manager (Post Articles Since June 2017) - Mangro Holdings (Pty) Ltd, Property Division

(2017-07 - 2021-06)

Reason for leaving: Retail/Shopping mall exposure.

• Maintain financial systems controls, procedures and policies in accordance with accounting principles, tax laws and legal procedures as well as the overall imperatives of the company
• Report directly to the financial director and Board of Shareholders on a monthly basis
• Treasury management and reporting on all bank accounts for group of entities
• Manage a staff compliment of 8 employees on a weekly basis
• Implementation of Internal controls within the finance department
• Identifying of business risks and present mitigations to Directors
• Liaise directly with the Directors in compiling an accurate and realistic budget
• Preparation of monthly budgets, management accounts and forecasts
• Efficient monitoring of the budget to ensure that the deadlines/targets are met
• Reviewing and presenting of monthly financial packs to the board of directors
• Strategic compilation of monthly forecasts to track where the business is in terms of the agreed budget
• Submit Return on Investment for the entire group to Shareholders on a monthly basis
• Review of income statements and balance sheets for a group of entities on a weekly basis
• Presentation of commercial/industrial property valuations, and due diligence reports to the board of directors
• Review of tax positions for the entire group (local and foreign) on a monthly basis
• Present provisional tax calculations timeously to the Director for different entity year ends
• Full function of HR responsibilities, contracts, policies and litigations
• Review of payroll reports on a monthly basis
• Review of audit files bi-annually before submitting to external auditors
• Finalising all audit files with external auditors
• Review of statutory reports (VAT/PAYE) on a monthly basis
• Liaising with external auditors (Local and foreign on a monthly basis
• Liaising with multiple regional managers at various banks
• Managing property estate agents on a monthly basis
• Liaise directly with external law suits on a monthly basis
• Review and submission of KYC applications on an ad-hoc basis
• Review of batch payments twice a month for group of entities
• Assist the Financial Director with Foreign Direct Investment (FDI) applications
• Compile Business plans and strategies for Shareholders
• Review of debtors' book on a weekly basis
• Setup of group property entities on MDA Property software from inception
• In charge of negotiating with external estate agents in terms of new rentals and property off-loading
• Liaising with external metering companies on a monthly basis
• Liaising with group insurance broker on a monthly basis
• Reviewing of fixed asset register on a monthly basis
• Manage petty cash and company credit cards

Audit Supervisor - BCA Chartered Accountants CA (SA)

(2013-03 - 2017-06)

Reason for leaving: SAICA articles completed, poached by client.

• Financial reporting in terms of International Financial Reporting Standards (IFRS)
• Carry out audit engagements in terms of International Standards on Auditing (ISA)
• Ensure audits are completed on time and within budget
• Completion and submission of income tax returns (IT12R, IT14R, IT14 SD, Div. Tax)
• Review and submission of statutory monthly returns (VAT/EMP 201's)(SARS, STATS SA)
• In charge of planning of external audits
• Managing audit team on external audit engagements
• Clientele liaison and consulting
• Providing accounting, taxation and various systems advice to clients
• Compiling monthly/ad-hoc management accounts, cash flows, cash flow budgets
• Compilation of business plans (Detailed S.W.O.T and forecasts)
• Provide audit services to private and non-profit companies
• Perform audit services in accordance with International Standards on Auditing (ISA)
• Plan and execute operational audits of various business areas using risk-based audit methodology
• Perform several walk-throughs of processes, to test organizational internal controls
• Test the design and operating effectiveness of internal controls by completing walk-throughs of complex business processes
• Examine financial and accounting records, and other documents for procedures performed
• Identify and communicate accounting and audit matters to senior members of the team
• Direct and educate junior/senior team members on auditing techniques and software
• Preparation and processing of journals (including the relevant calculations and presentation of the supporting documentation)
• Preparing Annual Financial Statements in accordance with the International Financial Reporting Standards (IFRS) for Small Medium Enterprises (SMME's)
• Reviewing of working paper files and annual financial reports for Director
• Preparation of weekly cash flow information, all balance sheet and income statement reconciliations (including creditors, debtors, bank and stock reconciliations)
• Completion and submission of CIDB applications
• Reviewing of UIF/WCA submissions on U-filing
• Assisting with the implementation and maintenance of internal financial controls and procedures

Accounting Clerk - Logie Govender and Company CA (SA)

(2011-02 - 2013-02)

Reason for leaving: Pursuing SAICA Articles.

• Carrying out accounting engagements in terms of Generally Accepted Accounting Principles (GAAP)
• Financial reporting in terms of Generally Accepted Accounting Principles (GAAP)
• Providing accounting and taxation support to clients
• Preparing working audit and accounting working paper files and reporting to Director
• Compiling financial statements and monthly management accounts
• Completion of VAT/TAX/PAYE returns
• Liaising with South African Revenue Services (SARS) regarding client's tax matters
• Supervising clerks on write-ups, GL, Dr/Cr recons and reviewing of trial balances
• Setting up cash books for the accounting division to captures
• Stock counts and valuations at client's premises
• Maintaining fixed asset registers for clients
• Assisting clients with ad-hoc queries

Bachelor of Accounting Sciences - B.Compt (Financial Accounting, Auditing, Management Accounting and Taxation) - University of South Africa (UNISA)

Matric - English, Afrikaans, Mathematics, Accounting, Life Sciences, Business Studies, Life Orientation - Savannah Park Secondary School (2010)