This is an entirely office-based position, five days per week, and offers the opportunity to take ownership of service charge accounting across a commercial property portfolio. The Service Charge Accountant will report to the Senior Commercial Property Manager and work closely with the wider Property Management and Accounts teams.
The organisation
Our client is an established, family-owned property business with a commercial property portfolio.
Based from its Central London office, the business is looking for a Service Charge Accountant who can provide accurate financial management across its properties while working closely with Property Managers and other stakeholders.
The role and responsibilities
As Service Charge Accountant, you will take responsibility for the financial management of service charges across the commercial portfolio.
Your responsibilities will include:
- Managing service charge accounts and maintaining accurate financial records.
- Preparing and issuing service charge, ground rent, insurance and rent demands.
- Preparing service charge year-end and quarter-end accounts and expenditure reports, taking accounts through to trial balance for external accountants.
- Completing service charge reconciliations and supporting the audit process.
- Reviewing commercial lease terms to establish recoverable and non-recoverable costs and ensuring costs are recovered in line with lease obligations.
- Maintaining accurate financial and property information within Qube.
- Managing daily banking routines and reviewing unallocated transactions.
- Supporting the onboarding of new properties and taking ownership of the financial process.
- Working closely with Property Managers to provide financial reports and support the management of individual properties.
- Responding to relevant client, tenant and supplier queries and escalating urgent matters where required.
- Monitoring key financial deadlines and ensuring service charge activity is completed on time.
These responsibilities reflect the core service charge accounting duties set out in the original brief while removing some of the broader company-wide responsibilities that aren't necessary to understand the position.
The skills needed
We are looking for a Service Charge Accountant with a strong working knowledge of commercial service charge accounting.
You will need:
- Working knowledge of commercial service charge accounting.
- Working knowledge of Qube.
- Knowledge of preparing service charge year-end and quarter-end accounts.
- Knowledge of service charge reconciliations and the audit process.
This Service Charge Accountant position offers a salary of £45,000-£55,000 and is based in Central London, W1W 6QP. The role is entirely office-based, five days per week, so applicants should be comfortable with this working pattern before applying.
Service Charge Accountant in London employer: Cobalt Recruitment. Careers
Join a vibrant and people-focused property brand as an Assistant Facilities Manager, where you'll have the opportunity to grow your career in a newly-created role. With a strong emphasis on employee development, this company invests in its teams, offering hands-on experience across a diverse portfolio in Essex and East London. Enjoy a dynamic work culture that values variety and collaboration, making every day an exciting opportunity for professional growth.
Contact Details:
Cobalt Recruitment. Careers Recruitment Team
