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- Tasks: Manage financial reporting and budgeting for a commercial property portfolio.
- Company: Join a dynamic team at a leading property management firm.
- Benefits: Enjoy flexible hours, 25 days holiday, and a supportive work environment.
- Why this job: Make an impact in the commercial property sector while developing your accounting skills.
- Qualifications: 3+ years in commercial property finance with strong Excel skills.
- Other info: Opportunity for career growth and professional development in a collaborative setting.
The predicted salary is between 36000 - 60000 £ per year.
OUR CLIENT are seeking an experienced and proactive Property Accountant on a 6 month contract 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.
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.
- Managing an Accounts Assistant.
- 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.
The Person and Skill Requirements
- Minimum 3 years' experience in a commercial property management finance role, with exposure to both rent and service charge accounting.
- Experience of preparing monthly management accounts.
- Understanding of VAT treatment of rent and service charges.
- 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.
- Happy to work 5 days in the office.
Benefits
- Flexi start/end time.
- 25 days holiday.
Commercial Property Accountant - Contract 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 - Contract
✨Tip Number 1
Network like a pro! Reach out to your connections in the property management sector. You never know who might have a lead on a role or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of commercial leases and service charge accounting. Be ready to discuss your experience with financial reporting and how you've tackled challenges in previous roles.
✨Tip Number 3
Showcase your Excel skills! Bring examples of reports or analyses you've done in the past. This will demonstrate your capability and give you an edge over other candidates.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, keep an eye on our LinkedIn for updates on new opportunities!
We think you need these skills to ace Commercial Property Accountant - Contract
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial Property Accountant role. Highlight your experience in rent and service charge accounting, and don’t forget to mention any relevant software skills like MRI Qube or Yardi.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that relate to financial reporting and budgeting in commercial property management.
Showcase Your Skills: Don’t just list your skills; show us how you’ve used them! Provide examples of how you’ve prepared monthly management accounts or handled service charge reconciliations in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and we can’t wait to see your application come through!
How to prepare for a job interview at Trident International Associates
✨Know Your Numbers
As a Commercial Property Accountant, you'll need to be on top of your financial game. Brush up on your knowledge of rental income schedules, service charge budgets, and reconciliations. Be ready to discuss specific examples from your past experience where you successfully managed these aspects.
✨Familiarise Yourself with the Tools
Make sure you're comfortable with property management systems like MRI Qube or Yardi. If you have experience with these tools, mention it during the interview. If not, do a bit of research to understand how they work and be prepared to discuss how you'd adapt to using them.
✨Understand the Lease Obligations
Since this role involves a strong understanding of commercial property leases, take some time to review common lease terms and obligations. Being able to articulate how you've navigated lease compliance in previous roles will show that you're well-prepared for the responsibilities of this position.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as managing rent arrears or preparing for an audit. Think through potential scenarios and how you would approach them, highlighting your problem-solving skills and proactive attitude.
