Property Accountant

Property Accountant – Permanent – Canary Wharf

Hours: 40 per week, 08.30am – 17.30pm Monday to Friday

Role & Responsibilities

• To support the Senior Property Accountant in maintaining the accounting records for their appointed schemes
• To carry out all basic accounting procedures to ensure that financial information is accurate and available on a timely basis.
• To interact with all stakeholders outside of the department in a professional manner
• Advising Property Directors on any accounting issues associated with annual service charge budgets and to assist as required in the production, distribution and processing of budgets
• To check that all properties, units and tenant details are correctly held on the property management system.
• To update and change any Service charge or Ground rent amounts relating to Property transfers and sales.
• To prepare monthly ground rent returns for submission to Freehold clients.
• To draft monthly service charge income and expenditure reports for the Senior Property Accountant to discuss with the Property Directors
• To draft the monthly variance analysis reports and highlight any areas of budgetary anomalies
• To process journals reallocating expenditure as necessary
• To support the on-site development teams with Propman system and purchase order best practice, invoice coding, expense forms and requests for payment.
• Oversee the completion of bank reconciliations on a monthly basis for all designated schemes.
• To support the on-site development teams with Propman system and purchase order best practice, invoice coding, expense forms and requests for payment.
• To support the work of the purchase ledger team through obtaining payment runs for approval by the Senior Property accountant.
• Dealing with daily transactions for on-site petty cash and ensure that returns are properly authorised and coded.
• To monitor development scheme cashflow and forecasting at least 12 months ahead.
• Bill periodic ground rent, service charges, insurance and other charges to lessees or occupiers.
• Bill directly recoverable charges to lessees/occupiers.
• Assist with the service charge audit review at year end and check for all invoices against expenditure before passing to the external accountants.
• Send out service charge accounts to leaseholders once completed along with all relevant information

Skills & Experience

• Must have at least 3 years’ experience of managing service charge accounting.
• Must be part qualified ACA, ACCA, AAT and actively working towards a professional qualification, or qualified by experience
• Must be interested in the property management sector and be able to engage with colleagues in an effective manner and support colleagues as required.
• Must be competent with accounting software packages and knowledge of property management software would be an advantage

We operate as an equal opportunities employer.

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