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For Companies At a Glance
- Tasks: Manage property costs, budgets, and financial transactions for Compass One sites.
- Company: Join a leading company in the financial accounts sector with a supportive team culture.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team that influences key financial decisions and property management.
- Qualifications: Experience in finance or accounting and strong teamwork skills are essential.
- Other info: Great career progression opportunities in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
Overview
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
Property Accountant in Birmingham employer: Compass Group
Contact Detail:
Compass Group 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 people in the property and finance 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 brushing up on your knowledge of IFRS16 and property accounting. We recommend practising common interview questions with a friend or even in front of the mirror to boost your confidence.
✨Tip Number 3
Showcase your teamwork skills! During interviews, share examples of how you've built relationships with stakeholders or resolved queries effectively. This will highlight your ability to work well within a team.
✨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 in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Property Accountant role. Highlight relevant experience in financial accounts, property costs, and any specific skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how your background aligns with our needs. Be sure to mention your ability to build relationships and work effectively as part of a team.
Showcase Your Attention to Detail: As a Property Accountant, attention to detail is key. In your application, provide examples of how you've successfully managed financial transactions or reconciliations in the past. This will show us you’re ready to handle the responsibilities of the role.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Compass Group
✨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 managed budgets and forecasts in previous roles, as this will show your understanding of the key responsibilities.
✨Show Your Team Spirit
This role requires working effectively as part of a team. Think of examples where you've collaborated with colleagues or built relationships with stakeholders. Highlighting your ability to coach and guide others will also demonstrate that you're a team player who can contribute positively to the Financial Accounts team.
✨Be Prepared for Technical Questions
Expect questions about property costs, service charges, and turnover rent. Prepare to explain how you handle queries related to these areas and how you ensure timely communication. Being able to articulate your process for checking invoices and making accruals will impress the interviewers.
✨Demonstrate Problem-Solving Skills
The role involves investigating variances and resolving queries. Think of specific instances where you've identified issues and implemented solutions. Showing that you can take ownership of challenges and work towards resolutions will set you apart from other candidates.
