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- Tasks: Manage property costs, budgets, and invoices while collaborating with teams.
- Company: Join a leading finance team at Compass UK&I.
- 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 support for professional growth.
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
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
- PURPOSE: 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
- 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 in Birmingham employer: Compass Group UK
Contact Detail:
Compass Group UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Accountant in Birmingham
✨Tip Number 1
Network like a pro! Reach out to current employees at Compass UK&I on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by researching common questions for Property Accountants. We recommend practising your answers with a friend or in front of the mirror to boost your confidence.
✨Tip Number 3
Show off your Excel skills! During interviews, be ready to discuss how you've used Excel in past roles. Maybe even bring examples of pivot tables or complex formulas you've created.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team.
We think you need these skills to ace Property Accountant in Birmingham
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 any work with property costs or IFRS16. 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 studying and qualifying as an accountant.
Show Off Your Excel Skills: Since intermediate Excel skills are essential, make sure to mention any specific projects where you've used Excel effectively. If you have advanced skills, flaunt them! We love a candidate who can handle complex data.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Compass Group UK
✨Know Your Numbers
As a Property Accountant, you'll be dealing with financial data all the time. Brush up on your knowledge of balance sheet reconciliations, accruals, and IFRS16 accounting. Be ready to discuss how you've handled these in past roles or during your studies.
✨Excel Skills are Key
Intermediate Excel skills are essential for this role. Make sure you can confidently talk about using common formulae and pivot tables. If you have experience with advanced Excel functions, don’t hesitate to showcase that too!
✨Show Your Team Spirit
This position requires working effectively as part of a team. Prepare examples of how you've built relationships with colleagues or coached junior team members. Highlight your ability to communicate clearly and resolve queries efficiently.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills and adaptability. Think of scenarios where you've had to manage tight deadlines or adapt to changes in processes. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
