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- Tasks: Manage property costs, budgets, and financial transactions for Compass Group.
- Company: Join Compass Group UK & Ireland, a diverse and inclusive employer.
- Benefits: Enjoy travel discounts, grocery savings, wellness classes, and study support.
- Why this job: Make an impact in finance while growing your career in a supportive environment.
- Qualifications: Part-qualified Accountant with finance experience and strong Excel skills.
- Other info: Dynamic team culture with opportunities for training and development.
The predicted salary is between 36000 - 60000 £ per year.
This job is with Compass Group UK & Ireland, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
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.
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
- Unwind 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: myGwork - LGBTQ+ Business Community
Contact Detail:
myGwork - LGBTQ+ Business Community 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 finance and property sectors, especially those who work at Compass Group. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of IFRS16 and property costs. Show us you know your stuff and can handle the financial intricacies of the role. Confidence is key!
✨Tip Number 3
Don’t forget to showcase your Excel skills! Whether it’s pivot tables or complex formulas, make sure you can demonstrate how you’ve used these in past roles. We love seeing practical examples.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest job openings and updates there.
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, especially in finance and property costs, and don’t forget to mention your part-qualified status. We want to see how you fit into our team!
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 skills align with our needs. Be sure to mention your experience with IFRS16 and any relevant software like SAP.
Showcase Your Excel Skills: Since intermediate to advanced Excel skills are essential, make sure to highlight any specific projects or tasks where you've used Excel effectively. We love seeing examples of pivot tables or complex formulas in action!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Compass Group UK & Ireland!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Numbers
As a Property Accountant, you'll be dealing with financial data daily. 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 to advanced Excel skills are essential for this role. Make sure you can confidently talk about your experience with common formulae, pivot tables, and any complex functions you've used. Consider preparing a few examples of how you've used Excel to solve problems or streamline processes.
✨Show Your Team Spirit
This role requires effective teamwork and relationship building. Think of examples where you've successfully collaborated with colleagues or coached junior team members. Highlight your ability to communicate clearly and resolve queries efficiently.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and adaptability. Prepare for scenarios related to property costs, budget forecasting, or handling discrepancies. Practising your responses will help you feel more confident and articulate during the interview.
