At a Glance
- Tasks: Manage financial reporting and budgeting for a commercial property portfolio.
- Company: Join Sky Happiness Property Management, a dynamic team in the heart of London.
- Benefits: Enjoy competitive salary, bonuses, life insurance, and ongoing training.
- Other info: Collaborative environment with great career growth opportunities.
- Why this job: Make a real impact in property finance while developing your skills.
- Qualifications: Part-qualified or qualified accountant with property finance experience.
The predicted salary is between 36000 - 60000 £ per year.
Management Accountant – Commercial Property (Rent & Service Charge)
3 days ago Be among the first 25 applicants
We are seeking an experienced and proactive Management Accountant to support the financial management of a commercial property portfolio, covering both rental income and service charge accounting. This role involves end-to-end responsibility for financial reporting, budgeting, and reconciliation of income and expenditure relating to rent and service charges across a variety of multi-let commercial assets, including offices and retail sites.
This is a key role providing financial insight to property managers, asset managers, and the wider group.
Please note that this is a full-time, office-based role. Standard working hours are Monday to Friday, 9:00am to 5:30pm
Key Responsibilities:
Rent & Income Accounting:
- Prepare and reconcile monthly rental income schedules, ensuring accuracy of tenant charges and lease compliance.
- Monitor and analyse rent arrears and tenant account movements, working with credit control and property management.
- Ensure correct posting of rental income, incentives, rent-free periods, and lease surrender premiums.
Service Charge Accounting:
- Prepare annual service charge budgets and forecasts, working with property and facilities managers.
- Monitor and report on actual service charge expenditure vs. budget across multi-let properties.
- Complete annual service charge reconciliations, including tenant apportionments and balancing charges.
- Ensure service charge transactions are accounted for in line with lease terms and RICS Commercial Service Charge Code.
Reporting & Analysis:
- Produce monthly management accounts for each asset, including variance analysis and commentary.
- Support cash flow forecasting, rent roll reviews, and service charge cost recovery analysis.
- Assist in preparing information for external auditors, internal stakeholders, and investors.
- Maintain and enhance reporting processes and financial controls across property accounting.
Skills and Experience:
- Part-qualified or qualified accountant (ACCA, CIMA, ACA) or qualified by experience.
- Minimum 3 years’ experience in a property management finance role, with exposure to both rent and service charge accounting.
- Strong understanding of commercial property leases, lease obligations, and service charge recoveries.
- Excellent Excel skills and working knowledge of property management systems such as MRI, Qube, Yardi, or similar.
- Confident in interpreting lease documents, budgets, and cost allocations.
- Strong communication and relationship-building skills – able to work cross-functionally with asset and property teams.
- Highly organised, deadline-driven, and meticulous in financial accuracy.
- Proficiency in Mandarin and/or Cantonese is an asset.
- Experience in managing multi-let commercial properties across sectors (office and retail).
- Understanding of VAT treatment of rent and service charges.
- Familiarity with IFRS 16 or FRS 102 as it applies to lease accounting.
- Previous involvement in system migrations or finance process improvements.
- Immediate availability is preferable.
What We Offer:
- Competitive salary and discretionary bonus
- Life insurance and private medical insurance
- Company pension
- Ongoing professional development and training support
- A collaborative and commercially-focused team environment
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Referrals increase your chances of interviewing at Sky Happiness Property Management (UK) Company Limited by 2x
London, England, United Kingdom
Management Accountant – Commercial Property (Rent & Service Charge) in City of London employer: Sky Happiness Property Management (UK) Company Limited
Sky Happiness Property Management (UK) Company Limited is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong focus on professional development, employees benefit from ongoing training and support, competitive salaries, and a comprehensive benefits package including life insurance and private medical coverage. This role not only provides the opportunity to work with a diverse portfolio of commercial properties but also fosters growth through cross-functional collaboration and exposure to key financial processes.
Contact Details:
Sky Happiness Property Management (UK) Company Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant – Commercial Property (Rent & Service Charge) in City of London
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We think you need these skills to ace Management Accountant – Commercial Property (Rent & Service Charge) in City of London
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