Service Charge Accountant - PropCo

Service Charge Accountant – PropCo – London – Our Client is a leading real estate investment and asset management firm with a pan–European portfolio. The company focuses on owning and managing its assets through an experienced in–house team, delivering hands–on property management and investment services. They have instructed Trident to find an experienced Service Charge Accountant to join their UK Property Team. This client–side role offers the opportunity to work closely with an in–house property and facilities management team supporting a diverse real estate portfolio across Europe. The Service Charge Accountant will play a key role in managing service charge accounting processes and delivering accurate financial reporting.

Reporting to the Service Charge Manager, THE RESPONSIBILITIES of the Service Charge Accountant will include:

• Providing and supporting the service charge budget and reconciliation processes by completing assigned tasks in a timely and accurate manner.
• Undertaking quarterly reviews of all service charge expenses on assigned properties to check for posting accuracy.
• Providing summary reports for the Property and Facilities Managers.
• Performing quarterly, half–yearly, and annual period–end accounting tasks as required by the company\’s group reporting timetable.
• Assisting property and facilities managers with the creation of annual service charge budgets and associated reports and analyses.
• Checking and reviewing quarterly service charge demands for accuracy.
• Reviewing service charge caps and updating the property management system when changes are required.
• Reviewing tenant apportionments and working with the Property Manager to resolve inconsistencies.
• Preparing year–end service charge reconciliation accounts for the Property Manager to review, after consultation with the Facilities Manager.
• Working with management accountants to monitor non–recoverable and capital expenditure and assisting with internal reporting.
• Assisting with analysis of large–scale projects for recoverable and non–recoverable expenses.
• Maintaining tenant and property details in the property management system.
• Administering service charge issues relating to new and expiring leases as they arise.
• Assisting in the analysis of service charge accounts during due diligence of new acquisitions and supporting asset disposals as instructed by the Head of Property Management.
• Collaborating with internal teams and external consultants to ensure accurate utility costs and accruals are posted to the service charge.
• Supporting the wider team and company in the continuous improvement of practices, procedures, and internal systems in pursuit of best practice.
• Undertaking other tasks as assigned from time to time.

PERSON Specification and SKILLS REQUIREMENTS:

• Minimum of five years\’ experience as a Service Charge Accountant.
• Strong technical background, demonstrating good working knowledge of the RICS Code of Service Charge Practice, principles of recoverability, and ability to interpret lease terms.
• Financially literate with excellent accuracy and attention to detail.
• Experience calculating and maintaining service charge caps, including complex caps with exclusions by cost heading or schedule.
• Preferably experienced with property management systems such as QUBE, MRI, Yardi, etc., with strong Excel skills and the ability to learn new systems quickly.
• Good interpersonal skills, capable of liaising with a wide range of colleagues, tenants, and contractors.
• Some experience working with energy suppliers or consultancies would be beneficial.

BENEFITS:

• Hybrid / flexible working – 4 days in.
• Discretionary and service loyalty bonuses
• Study leave / package
• Matched Contributory pension increasing with service.
• 28 days holiday, of which three days must be taken between Christmas and New Year, plus statutory holidays
• Private medical and permanent health cover
• Death–in–service cover
• Annual gym membership contribution
• SIP (eligible to join after successful probation period)
• Interest–free season ticket loan

This is a fantastic opportunity to work within a reputable property investment and management environment, developing your expertise alongside a supportive UK Property Team. If you are a motivated service charge professional ready for a challenging and rewarding role, we would love to hear from you.

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Please 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.

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