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Property Accountant

2 months ago

London, Greater London, United Kingdom Armstrong Knight Full time

Job Overview:

Armstrong Knight is seeking a highly skilled and detail-oriented Property Accountant to join their 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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's on 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.