Management Accountant – Commercial Property

7 days ago

London ECV EJ, United Kingdom Sky Happiness Property Management (UK) Co. Ltd Full time

Role Overview:

We are seeking an experienced and proactive Management Accountant to support the financial management of a commercial property portfolio, covering both rental income and service charge accounting. This role involves end-to-end responsibility for financial reporting, budgeting, and reconciliation of income and expenditure relating to rent and service charges across a variety of multi-let commercial assets, including offices and retail sites.

This is a key role providing financial insight to property managers, asset managers, and the wider group.

Please note that this is a full-time, office-based role. Standard working hours are Monday to Friday, 9:00am to 5:30pm

Key Responsibilities:

Rent & Income Accounting:

  • Prepare and reconcile monthly rental income schedules, ensuring accuracy of tenant charges and lease compliance.
  • Monitor and analyse rent arrears and tenant account movements, working with credit control and property management.
  • Ensure correct posting of rental income, incentives, rent-free periods, and lease surrender premiums.

Service Charge Accounting:

  • Prepare annual service charge budgets and forecasts, working with property and facilities managers.
  • Monitor and report on actual service charge expenditure vs. budget across multi-let properties.
  • Complete annual service charge reconciliations, including tenant apportionments and balancing charges.
  • Ensure service charge transactions are accounted for in line with lease terms and RICS Commercial Service Charge Code.

Reporting & Analysis:

  • Produce monthly management accounts for each asset, including variance analysis and commentary.
  • Support cash flow forecasting, rent roll reviews, and service charge cost recovery analysis.
  • Assist in preparing information for external auditors, internal stakeholders, and investors.
  • Maintain and enhance reporting processes and financial controls across property accounting.

Skills and Experience:

  • Part-qualified or qualified accountant (ACCA, CIMA, ACA) or qualified by experience.
  • Minimum 3 years' experience in a property management finance role, with exposure to both rent and service charge accounting.
  • Strong understanding of commercial property leases, lease obligations, and service charge recoveries.
  • Excellent Excel skills and working knowledge of property management systems such as MRI, Qube, Yardi, or similar.
  • Confident in interpreting lease documents, budgets, and cost allocations.
  • Strong communication and relationship-building skills – able to work cross-functionally with asset and property teams.
  • Highly organised, deadline-driven, and meticulous in financial accuracy.
  • Proficiency in Mandarin and/or Cantonese is an asset.

Desirable:

  • Experience in managing multi-let commercial properties across sectors (office and retail).
  • Understanding of VAT treatment of rent and service charges.
  • Familiarity with IFRS 16 or FRS 102 as it applies to lease accounting.
  • Previous involvement in system migrations or finance process improvements.
  • Immediate availability is preferable.

What We Offer:

  • Competitive salary and discretionary bonus
  • Life insurance and private medical insurance
  • Company pension
  • Ongoing professional development and training support
  • A collaborative and commercially-focused team environment

Job Types: Full-time, Permanent

Pay: £40,000.00-£60,322.19 per year

Benefits:

  • Casual dress
  • Company pension
  • Life insurance
  • Private medical insurance
  • Sick pay

Experience:

  • property management finance: 3 years (preferred)

Work Location: In person

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