Property Accountant

Are you an experienced Property Accountant looking for a new opportunity?

IPS Finance is working with a fast-growing client in the property sector, and they are seeking a talented individual to join their expanding team.

If you have a strong background in property finance, a keen eye for detail, and the ability to thrive in a dynamic environment, this could be the perfect role for you! This is an exciting chance to contribute to a company on the rise and make a real impact in the financial management of their property portfolio.

Duties of Property Accountant:

• Prepare monthly, quarterly, and annual financial reports for property portfolios, including income statements, balance sheets, and cash flow statements.
• Reconcile accounts and ensure accuracy in financial records, particularly around rental income, service charges, and maintenance fees.
• Ensure that all client money (rents, deposits, service charges) is handled in compliance with relevant regulations
• Reconcile client accounts and ensure funds are properly allocated and protected.
• Manage the accounts receivable process, ensuring timely collection of rent and service charges.
• Handle accounts payable, ensuring suppliers and contractors are paid on time.
• Prepare and manage service charge budgets, ensuring accurate allocation of costs for multi-tenant properties.
• Track expenses and compare them against budgeted figures to ensure proper fund management.
• Perform regular bank reconciliations for client and company accounts, identifying and resolving discrepancies.
• Ensure compliance with property and financial regulations, including client money protection (CMP) schemes.
• Assist with internal and external audits, preparing necessary documentation and ensuring the accuracy of financial data.
• Work closely with property managers, landlords, tenants, and external auditors to resolve financial queries and maintain clear communication regarding property finances.
• Supervise and support junior accounts administrators or finance assistants, ensuring that day-to-day financial tasks are completed efficiently.

Essential:

• Proven experience in a finance or accounting role, ideally within the property sector.
• Familiarity with client money protection regulations and best practices.
• Strong knowledge of financial reconciliation, cash flow management, and bookkeeping.
• Proficiency in property management software (e.g., Qube, MRI, or similar).
• Excellent communication and interpersonal skills.
• Attention to detail with the ability to manage multiple tasks efficiently.
• Relevant qualifications in property management, accounting, or finance would be advantageous.