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- Tasks: Manage property accounts, ensuring accurate financial reporting and communication with tenants.
- Company: Dynamic property management firm based in London.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Join a vibrant team and make a real impact in property management.
- Qualifications: Experience in client accounts and strong Excel skills required.
- Other info: Opportunity for career growth and regular site visits.
The predicted salary is between 36000 - 60000 £ per year.
Manage a portfolio of properties within the Property Management department, providing support to Property Surveyors to ensure clear and accurate accounting to the tenants and finance department.
Key Responsibilities:
- Portfolio Management
- Set up new properties; units and leases on the property database.
- Process all adjustments to the data on a daily basis, including lease renewals, expiries etc as requested by the Property Surveyor.
- Ensure all charge raising is complete within set time frames on both monthly and quarterly periods, including rent, service charge on accounts, licence fees etc.
- Ensure all void funding is demanded within set time frames and in line with the service charge budgets.
- Demand the annual insurance premiums and reconcile recharges on a quarterly basis to ensure 100% recovery.
- Monitor property funding, highlighting shortfalls and overspends to the Property Surveyors and Finance Department.
- Service Charges
- Input service charge budgets onto the Property Software, updating the on-account charge; apportionments and void funding for each property.
- Conduct quarterly reviews of service charges with Property and Building Managers, posting corrective journals where necessary.
- Reconcile annual service charges, posting journals, accruals and prepayments as agreed with the Property Surveyor.
- Arrange external audits, answering all queries as required. Once agreed, demand the excess/surplus from the tenants to close the accounts within four months of the year end.
- Complete the cash reconciliations for all funds processed through the property, ensuring the outstanding items are cleared down on a six monthly basis and funds recovered correctly.
- Carry out quarterly review of income v budget for all tenants to ensure correct recovery.
- Reporting Requirements
- Reconcile service charge bank accounts on a quarterly basis.
- Assist with the quarterly reporting to the Finance Department via client statements, balances by sub ledger and rent roll report.
- Assist with reporting VAT liability to the Finance Department quarterly and deal with VAT queries on a timely basis.
- Provide cover for Accounts Payable and Cashier functions as necessary.
- Other ad hoc reporting as and when required.
- Other
- Attend site visits on a regular basis to ensure a clear understanding of the service charge and activity on site.
- Facilitate good working relationships and effective communication with corporate finance; property management; asset management and facilities management teams.
- Maintain accurate and organised records for all assigned properties.
- Respond to routine queries from property managers and tenants, escalating complex issues where required.
Knowledge, skills and experience required
Must have
- Excellent knowledge of client accounts (commercial property) and come from a similar position.
- Strong communication and presentation skills.
- Previous experience of service charge accounting / maintenance and audits.
- Advanced Excel skills.
Preferable
- Experience of TRAMPS / Bluebox software.
Property Accountant in Slough employer: Varnom Ross
Contact Detail:
Varnom Ross Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Accountant in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the property and real estate sector. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its portfolio. Familiarise yourself with their properties and recent projects. This will help you tailor your answers and show that you're genuinely interested in the role.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family. Focus on common questions related to property accounting and service charges. The more comfortable you are, the better you'll perform when it counts.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Plus, it’s a great way to ensure your application gets seen by the right people. Let’s get you that Property Accountant role!
We think you need these skills to ace Property Accountant in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Property Accountant role. Highlight your experience with client accounts and service charge accounting, as these are key for us. Use specific examples that showcase your skills in managing property portfolios.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Tell us why you're passionate about property management and how your background makes you a perfect fit for our team. Don’t forget to mention any relevant software experience, like TRAMPS or Bluebox.
Show Off Your Excel Skills: Since advanced Excel skills are a must-have, consider including a section in your application that highlights your proficiency. Mention any specific functions or tools you’re familiar with that relate to financial reporting and analysis.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us. Plus, it’s super easy!
How to prepare for a job interview at Varnom Ross
✨Know Your Numbers
Brush up on your knowledge of client accounts, especially in commercial property. Be ready to discuss specific examples from your past experience that demonstrate your expertise in service charge accounting and audits.
✨Excel Like a Pro
Since advanced Excel skills are a must, make sure you can confidently talk about your proficiency with spreadsheets. Prepare to showcase how you've used Excel in previous roles, whether it's for budgeting, reporting, or data analysis.
✨Communication is Key
Strong communication skills are essential for this role. Think of instances where you've effectively communicated complex financial information to non-financial stakeholders. Practise explaining your thought process clearly and concisely.
✨Familiarise Yourself with the Software
If you have experience with TRAMPS or Bluebox software, be prepared to discuss it. If not, do a bit of research on these systems and be ready to explain how you would adapt to new software quickly.
