Property Accountant

7 days ago


Nationwide, United Kingdom Joshua Robert Recruitment Full time
Job Summary

We are seeking an experienced Property Accountant with a strong background in property management accounting and proficiency in Sage accounting software. The ideal candidate will be responsible for managing the financial operations related to our clients' property portfolio, ensuring accuracy in reporting, compliance with financial regulations, and providing insightful analysis to support business decisions.

The RoleFinancial Operations
  • Manage and maintain the general ledger for property-related accounts, ensuring accuracy and compliance with accounting standards.
  • Perform month-end and year-end closing activities, including journal entries, reconciliations, and accruals.
Accounts Management
  • Process tenant billings, rent rolls, and ensure accurate recording of rental income.
  • Handle accounts payable for property-related expenses, including vendor management and payment processing.
Financial Reporting
  • Prepare monthly, quarterly, and annual financial statements and reports for each property, including P&L statements, balance sheets, and cash flow statements.
  • Ensure compliance with accounting principles, tax laws, and industry regulations specific to property management.
Budgeting and Forecasting
  • Assist in the preparation of annual budgets and forecasts for each property within the portfolio.
  • Monitor and analyze variances between actuals and budgeted figures, providing detailed commentary and recommendations to management.
Lease Management
  • Maintain and update lease accounting records, ensuring accurate tracking of lease terms, escalations, and tenant chargebacks.
  • Handle tenant lease audits, adjustments, and reconciliations as needed.
Bank Reconciliation
  • Perform bank reconciliations for property accounts, identifying discrepancies and ensuring proper resolution.
Sage Accounting Software
  • Utilize Sage to manage all accounting activities, ensuring proper setup and maintenance of property-related accounts.
  • Generate financial reports and conduct analyses using Sage for management review.
Compliance and Taxation
  • Ensure compliance with all relevant tax regulations, including VAT/GST and property tax filings.
  • Coordinate with external auditors and tax advisors for audits and tax returns related to property operations.
Communication and Collaboration
  • Collaborate with property managers, external auditors, and stakeholders to ensure smooth financial operations.
  • Provide financial insights and support for property acquisition, development, or sales as required.

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