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- Tasks: Manage property costs and ensure timely processing of invoices and budgets.
- Company: Join a leading finance team at Compass UK&I with a collaborative spirit.
- Benefits: Enjoy exclusive discounts, wellness classes, and career development opportunities.
- Why this job: Make an impact in finance while growing your skills in a dynamic environment.
- Qualifications: Part-qualified Accountant with finance experience and strong Excel skills.
- Other info: Flexible work culture with excellent career growth potential.
The predicted salary is between 36000 - 60000 £ per year.
Responsible to Finance Manager (Fixed Assets, Leases & Property)
Location: Parklands Court, Rubery
Sector/Business area: Financial Accounts team, Central Finance
Overall Purpose of the Role
Reporting to the Finance Manager (Fixed Assets, Leases & Property), the Property Accountant will look after all areas relating to Central property costs and rent/service charge/turnover rent for Compass One sites.
Financial Accounts team – Purpose and Context
The Financial Accounts team performs a pivotal role within Compass UK&I, overseeing fixed assets, leases/IFRS16 accounting, property related transactions, intercompany, balance sheet reconciliations, Group reporting, audit and financial statements, below the line transactions, accounting for M&A and providing advice and guidance on accounting matters as required. We also support the Tax team on sales and employment taxes as well as other Central Finance teams.
Key Accountabilities
- Central property costs, including budgets and forecasts
- Receive and recharge costs for sub-let properties
- Rent/service charge/turnover
People
- Working effectively as part of a team
- Building relationships with key stakeholders
- Liaising with colleagues from other teams for resolution of queries
- Coaching and guiding other team members
Performance
- Review all queries in the Medirest inbox relating to rent, service charge and turnover rent, ensuring timely and helpful communication
- Ensure all property and service charge invoices (quarterly) are checked, appropriate approvals gained, queries resolved and processed/paid on time
- Make appropriate accruals for rent/service charge and turnover rent at month end, review the control accounts and be able to present any risks and opportunities
- Ensure all charges relating to sub-let property are recharged as appropriate, review related customer and vendor accounts to ensure all invoices paid correctly and on time, review and unwinding of discount for onerous provisions
- Review CGUKI central property cost centres to ensure costs reflected correctly and investigate variances to budget/forecast with Facilities Manager
- Liaise with Facilities Manager to create budgets and forecasts for central property costs
- Take ownership of property and concession leases within the business – identify those which fall under IFRS16 and process them onto ALAE (lease accounting system)
- Identify rent increases to be entered into ALAE along with any lease modifications or disposals
- Ensure all rent/concession invoices for IFRS16 leases are in line with expected values
- Review property and concession leases with sectors
- Maintain property and concession control account
- Maintain process notes for all business-as-usual work to enable cross training, cover and support within the team
- Cross train other team members and support with training and development of more junior colleagues
Candidate Requirements: Key Skills, Knowledge & Experience
Essential
- Part-qualified Accountant (CIMA/ACCA/ACA) [approx. 2 years completed] and minimum of two years in a finance role.
- Must be willing to commit to actively studying and qualifying in a reasonable time frame
- Intermediate Excel skills (common formulae, pivot tables etc)
- Good organisational and presentational skills
- Flexible and adaptable in this busy, evolving environment
- Experience of balance sheet reconciliations
- Experience of month end (accruals, prepayments, variance analysis etc)
- Experience of ERP software, SAP preferred
- Continuous improvement mindset to question current processes
Desirable
- Experience with property costs
- Knowledge of IFRS16
- Advanced Excel skills (including complex formulae)
Benefits
We ensure you’re rewarded for all your hard work, which is why we offer a comprehensive benefits package which includes but is not limited to:
- Exclusive travel discounts with TUI, Expedia, Booking.com and many more
- Save money on your food shop with discounts on Tesco, Sainsbury's, Morrisons and more
- Up to 44% off cinema tickets to enjoy your favourite blockbuster
- Regular emails filled with the best discounts and savings available
- Receive Wow Points every time you spend and use them on a wide range of brands
- Un-wind with us with free wellness, mindfulness and exercise classes
- You can share all discounts and offers with your friends and families
- Contributory pension scheme
- Study support
- Grow your career with our Career Pathways and MyLearning programmes
Property Accountant NEW Central Functions Posted today Competitive Birmingham Central Functions employer: Chartwells - Independent
Contact Detail:
Chartwells - Independent Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Accountant NEW Central Functions Posted today Competitive Birmingham Central Functions
✨Tip Number 1
Network like a pro! Reach out to people in the finance and property sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching the company and its financial practices. Knowing about their approach to IFRS16 and property costs will show you're genuinely interested and ready to contribute.
✨Tip Number 3
Practice your interview skills with a friend or use mock interview tools. Being able to articulate your experience with balance sheet reconciliations and month-end processes confidently can set you apart.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Property Accountant NEW Central Functions Posted today Competitive Birmingham Central Functions
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Property Accountant role. Highlight your relevant experience in finance, especially with property costs and IFRS16 accounting. 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 this role and how your background makes you a great fit. Don’t forget to mention your commitment to continuous improvement – we love that!
Show Off Your Excel Skills: Since intermediate Excel skills are essential, make sure to mention any specific projects or tasks where you've used Excel effectively. If you’ve got advanced skills, flaunt them! We appreciate a candidate who can handle complex data.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Chartwells - Independent
✨Know Your Numbers
As a Property Accountant, you'll be dealing with financial data all the time. Brush up on your knowledge of fixed assets, leases, and IFRS16 accounting. Be ready to discuss how you've handled similar tasks in previous roles, and don’t shy away from sharing specific examples.
✨Excel Skills are Key
Since intermediate Excel skills are essential for this role, make sure you’re comfortable with common formulae and pivot tables. Consider preparing a few examples of how you've used Excel to solve problems or streamline processes in your past work.
✨Show Your Team Spirit
This role requires effective teamwork and relationship-building. Think of instances where you've collaborated with colleagues or coached junior team members. Be prepared to share how you’ve contributed to a positive team environment and resolved conflicts.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially regarding month-end processes and balance sheet reconciliations. Practice articulating your thought process when faced with challenges, and think about how you would approach budgeting and forecasting for central property costs.
