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For Companies At a Glance
- Tasks: Manage financial reporting, budgeting, and reconciliation for commercial properties.
- Company: Join a dynamic team focused on commercial property management.
- Benefits: Enjoy flexible hours and 25 days of holiday.
- Why this job: Gain hands-on experience in finance while working in a collaborative environment.
- Qualifications: 3 years' experience in commercial property finance and strong Excel skills required.
- Other info: Office-based role with opportunities for future growth.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Commercial Property Accountant. OUR CLIENT are seeking an experienced and proactive Property Accountant to support the financial management of a commercial property portfolio, covering both service charge accounting and monthly management accounts. 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 role will be 5 days in the office 9am-5:30pm.\\n\\nTHE ROLE REQUIREMENTS: \\n\\nRent & Income Accounting:\\n\\nPrepare and reconcile monthly rental income schedules, ensuring accuracy of tenant charges and lease compliance.\\nMonitor and analyse rent arrears and tenant account movements, working with credit control and property management.\\nEnsure correct posting of rental income, incentives, rent-free periods, and lease surrender premiums.\\nManaging an Accounts Assistant. \\n\\nService Charge Accounting:\\n\\nPrepare annual service charge budgets and forecasts, working with property and facilities managers.\\nMonitor and report on actual service charge expenditure vs. budget across multi-let properties.\\nComplete annual service charge reconciliations, including tenant apportionments and balancing charges.\\nEnsure service charge transactions are accounted for in line with lease terms and RICS Commercial Service Charge Code.
\\n\\nReporting & Analysis:\\n\\nProduce monthly management accounts for each asset, including variance analysis and commentary.\\nSupport cash flow forecasting, rent roll reviews, and service charge cost recovery analysis.\\nAssist in preparing information for external auditors, internal stakeholders, and investors.\\nMaintain and enhance reporting processes and financial controls across property accounting. \\n\\nTHE PERSON and SKILL REQUIREMENTS for Accounts Assistant:\\n\\nMinimum 3 years' experience in a commercial property management finance role, with exposure to both rent and service charge accounting.\\nExperience of preparing monthly management accounts.\\nUnderstanding of VAT treatment of rent and service charges.\\nStrong understanding of commercial property leases, lease obligations, and service charge recoveries.\\nExcellent Excel skills and working knowledge of property management systems such as MRI Qube, Yardi, or similar.\\nHappy to work 5 days in the office \\n\\nBENEFITS:\\n\\nFlexi start/end time.\\n25 days holiday \\n\\nPlease note that due to volume we cannot get back to everyone, however every application is looked at and considered and will be held on Trident International's database for review. If you have not heard back from us within 5 working days you should assume your initial application has been unsuccessful, however if suitable roles arise in the future, we will make every effort to contact you.
By applying for this job, you accept the Privacy Policy and Disclaimers which can be found on our website.\\n\\nTo learn more about our company and vacancies we are currently working on, visit our website and follow us on LinkedIn
Commercial Property Accountant employer: Trident International Associates
Contact Detail:
Trident International Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Property Accountant
✨Tip Number 1
Familiarise yourself with the specific property management systems mentioned in the job description, like MRI QUBE or YARDI. Having hands-on experience or even completing online tutorials can give you a significant edge during the interview.
✨Tip Number 2
Brush up on your knowledge of commercial property leases and service charge recoveries. Being able to discuss these topics confidently will demonstrate your expertise and understanding of the role's requirements.
✨Tip Number 3
Network with professionals in the commercial property sector. Attend industry events or join relevant online forums to connect with others who may provide insights or even referrals for the position.
✨Tip Number 4
Prepare to discuss your previous experience in rent and service charge accounting in detail. Be ready to share specific examples of how you've managed financial reporting and reconciliations in past roles, as this will showcase your suitability for the position.
We think you need these skills to ace Commercial Property Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial property accounting. Focus on your skills in rent and service charge accounting, financial reporting, and any specific software you’ve used, like MRI QUBE or YARDI.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the requirements listed in the job description. Mention your experience with financial management of commercial properties and how you can contribute to their team.
Showcase Your Skills: In your application, emphasise your strong Excel skills and understanding of VAT treatment related to rent and service charges. Provide examples of how you've successfully managed budgets and reconciliations in previous roles.
Follow Up: After submitting your application through our website, consider sending a polite follow-up email after a week. This shows your enthusiasm for the role and keeps you on their radar.
How to prepare for a job interview at Trident International Associates
✨Know Your Numbers
As a Commercial Property Accountant, you'll be dealing with financial reports and budgets. Brush up on your accounting principles, especially around rental income and service charge accounting. Be prepared to discuss how you've managed these in previous roles.
✨Familiarise Yourself with Relevant Software
Make sure you're comfortable with property management systems like MRI QUBE or YARDI. If you have experience with these tools, be ready to share specific examples of how you've used them to enhance reporting processes or manage accounts.
✨Understand Lease Agreements
A strong grasp of commercial property leases is crucial. Review common lease obligations and service charge recoveries so you can confidently discuss how you've navigated these in past positions during the interview.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, such as how you would handle discrepancies in service charge reconciliations. Think of examples from your experience where you successfully resolved similar issues and be ready to explain your thought process.
