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- Tasks: Lead a team in managing service charge accounting and financial reporting for residential developments.
- Company: Join a growing business at Canary Wharf with a focus on high-quality service.
- Benefits: Enjoy a competitive salary, flexible working arrangements, and opportunities for professional growth.
- Why this job: Shape financial processes and make a real impact in property accounting.
- Qualifications: 5+ years in service charge accounting; ACA, ACCA, or MAAT preferred.
- Other info: Dynamic team environment with a commitment to equal opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Permanent position based in Canary Wharf (E14), working 40 hours per week, Monday to Friday, with an arrangement of 4 days in the office and 1 day at home.
We are looking for a proactive Finance Manager to lead our Property Accounting team and ensure the effective financial management of our residential developments portfolio. This is an exciting opportunity to join a growing business where you’ll play a key role in shaping processes, improving financial reporting, and supporting both internal and external stakeholders.
Key responsibilities include:
- Team Leadership and Oversight
- Manage and supervise a team of Property Accountants responsible for the financial management of developments across the portfolio.
- Provide training, technical support, and guidance on systems, accounting processes, and service charge reporting.
- Review work prepared by the team and assist in resolving discrepancies, queries, and complex financial issues.
- Allocate workloads, monitor progress, and ensure financial deadlines and service level agreements are met.
- Service Charge Accounting and Financial Reporting
- Oversee the preparation and delivery of certified service charge accounts across a portfolio of developments.
- Ensure year end service charge accounts are completed within five months of the financial year end.
- Ensure balancing charges and credits are accurately calculated and issued to leaseholders.
- Oversee and assist with the preparation of budget vs actual report. Ensure that the budget vs actual reports are reviewed with the Property Directors, and adjustments are posted promptly on Propman.
- Oversee preparation of void schedules, financial forecasts, and development financial reviews.
- Ensure VAT reports and other financial submissions are prepared and submitted in line with requirements.
- Budgets, Demands and Financial Monitoring
- Assist with the preparation and entry of annual service charge budgets for developments.
- Ensure service charge demands are raised correctly in line with the agreed budget and issued at least four weeks before the due date.
- Monitor expenditure against budgets and provide financial insight and explanations to Property Directors.
- Ensure monthly bank reconciliations are completed accurately for the assigned portfolio of developments.
- Support internal and external audit processes and ensure accounting records reconcile to financial systems.
Required skills, experience & qualifications:
- Ideally qualified ACA, ACCA or MAAT, or qualified by experience and actively working towards a professional qualification.
- Must have at least 5 years’ experience of managing service charge accounting.
- Good experience of service charge reporting gained either in practice or in the finance department of a Residential Managing Agent.
- Experience in managing junior accountants and with an interest in their development.
- Advanced Excel skills.
- Knowledge of PROPMAN is an advantage.
- Expected to demonstrate professionalism and an appreciation of Property accounting compliance requirements.
We operate as an equal opportunities employer.
Finance Manager (Service charge) in Canary Wharf employer: Ballymore Group
Contact Detail:
Ballymore Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager (Service charge) in Canary Wharf
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in property accounting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your leadership skills and service charge accounting knowledge. We recommend practising common interview questions and having examples ready that showcase your experience managing teams and resolving financial discrepancies.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Finance Manager role! We love seeing applications directly from candidates who are genuinely interested in joining our team.
We think you need these skills to ace Finance Manager (Service charge) in Canary Wharf
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Manager role. Highlight your experience in service charge accounting and any leadership roles you've had. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about finance and how you can contribute to our Property Accounting team. Keep it engaging and relevant to the job description.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Whether it's improving financial reporting or leading a successful project, we want to know how you've made an impact in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Ballymore Group
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your expertise in service charge accounting. Brush up on key financial metrics and be ready to discuss how you've managed budgets and financial reporting in previous roles. This will show your potential employer that you’re not just familiar with the numbers, but that you can also lead a team effectively.
✨Showcase Leadership Skills
Since this role involves managing a team of Property Accountants, be prepared to share examples of how you've successfully led teams in the past. Talk about your approach to training and supporting junior accountants, and how you’ve resolved discrepancies or complex financial issues. This will highlight your leadership style and ability to foster a collaborative environment.
✨Familiarise Yourself with PROPMAN
If you have experience with PROPMAN, great! If not, do some research on it before the interview. Understanding how this software works and its relevance to service charge accounting will give you an edge. You can mention any similar systems you’ve used and how quickly you adapt to new technologies.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical financial problems or manage a team under pressure. Think of specific scenarios from your past experience where you had to make tough decisions or meet tight deadlines. This will help you illustrate your problem-solving skills and ability to handle the demands of the role.