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For Companies At a Glance
- Tasks: Manage service charge accounting and prepare financial reports for a leading real estate company.
- Company: Dynamic real estate business in the heart of London with a fantastic culture.
- Benefits: Competitive pay, potential for permanent role, and a vibrant work environment.
- Why this job: Join a growing team and make a real impact in the property finance sector.
- Qualifications: Experience in service charge accounting and strong financial reporting skills.
- Other info: Exciting opportunity for career growth in a supportive team.
The predicted salary is between 36000 - 60000 £ per year.
About the role
Our client is a listed Real Estate business based in the heart of London with an ever-expanding footprint and a fantastic culture. Due to the continued growth, they require an energetic Service Charge Accountant to help the finance team on a 6 months FTC basis, with strong scope to become permanent.
Key Responsibilities & Accountabilities
- Act as the internal subject matter expert on service charge accounting across the portfolio
- Post monthly service charge forecasts in the property management system
- Post and monitor service charge capital projects run by estate management companies
- Prepare quarterly Budget vs Actual (BvA) reports and liaise with managing agents to resolve queries
- Support preparation and review of annual service charge reconciliations, including P&L and balance sheet, ensuring year-end balances reconcile to the final managing agent position
- Ensure appropriate treatment of service charge surpluses and deficits in line with leases and accounting standards
- Understand the impact of service charge activity on both the P&L and balance sheet, including accruals and prepayments
Qualifications & Experience
- Strong experience in service charge accounting (preferably residential or mixed-use)
- Solid understanding of accounting treatment of service charge transactions across both P&L and balance sheet
- Experience preparing statutory accounts for management companies
Seniority level: Associate
Employment type: Contract
Job function: Accounting/Auditing, Real Estate and Equipment Rental Services
Property Accountant employer: KennedyPearce Consulting
Contact Detail:
KennedyPearce Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the real estate and accounting sectors. We all know that sometimes it’s not just what you know, but who you know. Attend industry events or join relevant online groups to meet potential employers.
✨Tip Number 2
Prepare for interviews by brushing up on your service charge accounting knowledge. We want you to be the go-to expert! Familiarise yourself with common questions and practice your responses. Show them you’re ready to tackle those P&L and balance sheet queries head-on.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role. We love a proactive candidate!
✨Tip Number 4
Apply through our website for the best chance at landing that Property Accountant role. We’ve got all the latest listings and applying directly can sometimes give you an edge. Let’s get you that dream job!
We think you need these skills to ace Property Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Property Accountant role. Highlight your experience in service charge accounting and any relevant qualifications. 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 perfect fit. Keep it concise but engaging – we love a good story!
Showcase Relevant Experience: When filling out your application, be sure to showcase your experience with P&L and balance sheet management. Mention specific projects or achievements that demonstrate your expertise in service charge accounting.
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. Let’s get you on board!
How to prepare for a job interview at KennedyPearce Consulting
✨Know Your Numbers
As a Property Accountant, you'll need to be comfortable with numbers and financial reports. Brush up on your knowledge of service charge accounting, especially how it impacts both the P&L and balance sheet. Be ready to discuss specific examples from your past experience where you successfully managed service charge forecasts or reconciliations.
✨Understand the Company Culture
Since the company prides itself on its fantastic culture, do some research on their values and work environment. Think about how your personal values align with theirs and be prepared to share why you’d be a great fit for their team. This will show that you’re not just interested in the role, but also in being part of their community.
✨Prepare for Technical Questions
Expect questions that dive deep into your technical skills, especially around service charge transactions and statutory accounts. Review common accounting standards and be ready to explain how you've applied them in your previous roles. Practising these scenarios can help you feel more confident during the interview.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the role, the finance team, and the company's future projects. This not only shows your interest but also helps you gauge if this is the right fit for you. For example, ask about the challenges they face in service charge accounting or how they measure success in this role.
