Management Accountant – Commercial Property

5 days ago

London, Greater London, United Kingdom Sky Happiness Property Management (UK) Company Limited 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

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