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Property Accountant
2 months ago
Job Title: Property Accountant
Company: Osborn Executive Recruitment
Location: London
Job Type: Full-time
Salary: £45-£65K
About the Role:
We are seeking an experienced Property Accountant to join our team. As a Property Accountant, you will be responsible for managing the year-end service charges and subsequent reporting for a prestigious mixed-use development.
Key Responsibilities:
- Service Charge Reporting: Produce service charge accounts and liaise with auditors to ensure final accounts are reconciled.
- Financial Information: Provide up-to-date financial information to Property Directors and leaseholders.
- Budgeting and Forecasting: Lead on entering annual budgets and raising of service charge demands to lessees, and assist in the collection of service charges.
- Ground Rent Management: Review ground rent demands raised on lessees, and ensure that ground rent returns are made to Freehold clients in an accurate and timely manner.
- Bank Reconciliations: Review, monitor, and control all outgoings from the client bank accounts.
- Financial Reporting: Complete bank reconciliations on a monthly basis, prepare the apportionment of final expenditure between lessees compared to service charges demanded on account, and prepare voids schedules and forecasts for freehold clients.
- VAT Reporting: Prepare monthly VAT reports.
- System Administration: Posting any adjustments required, closing down year ends on the system, and uploading balancing charges or credits.
- Management Reporting: Prepare weekly and monthly management summary reports.
- Client Enquiries: Undertake monthly ground rent summaries for clients, and ensure any client/leaseholder enquiries are dealt with in a timely, helpful, and professional manner.
- Internal Audit: Assist with the internal audit of client procedures and monies.
Requirements:
- Experience: Good experience of service charge reporting gained either in practice or in the finance department of a Residential Managing Agent.
- Qualifications: ACCA/CIMA Part qualified ideally.
- Skills: Advanced Excel skills, knowledge of a PMA system, and professionalism and an appreciation of Property accounting compliance requirements.
About Us:
We are a leading urban regeneration developer, and we champion internal progression. This is a unique opportunity to work on some of London's most prestigious mixed-use developments.
Interview Process:
We have a one-stage interview process, with a face-to-face interview.
