Property Accountant

6 days ago

London, Greater London, United Kingdom Armstrong Knight Full time
Job Overview

We are seeking a highly skilled and detail-oriented Property Accountant to join our client's dynamic team within the real estate sector. The ideal candidate will be responsible for managing financial records, ensuring accurate and timely accounting for a diverse portfolio of properties.

Key Responsibilities
  1. Financial Reporting and Analysis
  • Prepare and present monthly, quarterly, and annual financial reports for property portfolios.
  • Conduct variance analysis and provide insights on financial performance.
  • Ensure compliance with relevant accounting standards and regulations.
Property Accounting
  • Manage day-to-day property accounting activities, including accounts payable, accounts receivable, and general ledger entries.
  • Reconcile bank statements and ensure the accuracy of financial records.
  • Maintain accurate records of tenant leases, rent rolls, and service charges.
Budgeting and Forecasting
  • Assist in preparing annual budgets and periodic forecasts.
  • Monitor and report on actual performance against budget and forecast.
  • Collaborate with property managers to develop realistic financial plans.
Service Charge Accounting
  • Prepare service charge budgets and reconciliations.
  • Ensure timely collection of service charges from tenants.
  • Address tenant queries regarding service charge accounts and budgets.
Tenant and Client Relations
  • Serve as the main point of contact for tenants and clients on financial matters.
  • Provide support and advice to clients regarding their financial queries and concerns.
  • Liaise with tenants to resolve any financial disputes or discrepancies.
Compliance and Audit
  • Ensure compliance with all internal policies and external regulations.
  • Coordinate with external auditors during the audit process.
  • Implement audit recommendations to enhance financial controls and procedures.
Cash Flow Management
  • Monitor and manage cash flows for property portfolios.
  • Ensure timely payment of property expenses and disbursement of funds to clients.
  • Prepare cash flow forecasts to anticipate funding requirements.
System and Data Management
  • Maintain and update property management accounting systems.
  • Ensure the accuracy and integrity of financial data.
  • Implement process improvements to enhance efficiency and accuracy.
Ad Hoc Projects
  • Assist with special projects and financial analysis as required.
  • Support the finance team with other duties as necessary.
Key Skills and Qualifications
  • Part-qualified or fully qualified accountant (ACCA, CIMA, ACA) or equivalent.
  • Proven experience in property accounting or a similar role within the estate agency sector.
  • Strong knowledge of property management accounting systems and software.
  • Proficiency in Microsoft Excel and other accounting software.
  • Excellent organizational and time management skills.
  • Strong analytical and problem-solving abilities.
  • Exceptional communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • High attention to detail and accuracy.
  • Knowledge of UK property law and taxation is advantageous.
What We Offer
  • Competitive salary and performance bonuses.
  • Opportunities for professional growth and advancement.
  • A supportive and dynamic work environment.
  • Comprehensive training and onboarding process.
  • Company phone and laptop.
  • Paid courses for relevant qualifications.
  • Quarterly performance bonus.
  • Yearly bonus.
  • 28 days annual holiday entitlement.
  • Bereavement leave.
  • Company events.
  • Company pension.
  • Sick pay.
  • Work from home options.

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