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Property Management Accountant commercial

Property Management Accountant commercial

deverellsmith

Posted 7 hours ago, valid for 16 days

London, Greater London EC1R 0WX

Full Time

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Sonic Summary

The Property Accountant position in Central London offers a salary range of £35k to £40k and requires candidates to have relevant experience in property accounting.
This role involves managing a portfolio of mixed-use commercial properties, with a preference for candidates with a background in hospitality management.
Key responsibilities include running the portfolio up to net operating income (NOI) level, conducting monthly budget analysis, and supporting the annual budgeting process.
The position also involves collaboration with property managers and finance teams, as well as assisting with lease records and bank reconciliations using Yardi.
Benefits include 33 days of holiday, a discretionary bonus, a company pension, private medical insurance, and hybrid working options.

Job Title: Property Accountant (Commercial Real Estate)Salary: £35k - £40kLocation: Central London - Hybrid Options Hours: 9:30am - 6pm

Summary:

We are representing a Property Management & Investment firm based in Central London, with a focus on Pan-European value-add instatements across both Residential and Commercial Real Estate. Opening their London office in 2020, they have since grown significantly and now looking to grow their Property Accounting team.

The role will report into the Senior Property Management Accountant and responsible for their portfolio of commercial properties. The portfolio is mixed-use, but a background with hospitality management would be advantageous.

Key Responsibilities:

Run the dedicated portfolio up to net operating income (NOI) level.
Responsible for monthly analysis of budget vs actual and investigate variances.
Arrange monthly meetings with the Property Managers and other stakeholders to discuss NOI variances.
Review and support the annual budget process with Property managers.
Build relationship with Operations and finance team, in order, to carry out the tasks efficiently.
Raise monthly and quarterly rent and Service charges for designated portfolio.
Assist Senior Property Management Accountant with setting up and maintaining lease records on Yardi.
Ensure all the unidentified items are posted correctly.
Reconciliation of the bank on Yardi on a weekly basis.
Assist Property Accountants with quarter end process by ensuring income and expenditure is accounted correctly
and accruals are made.
Support the other team members in their absence.
Review aged debtors' balances with Credit Control team.
Run ad-hoc reports as requested by Senior Property Management Accountant and Financial Controller.

Benefits:

33 days holiday including UK Bank/Public holidays
Discretionary bonus
Company Pension (Salary Sacrifice)
Private Medical Insurance (Vitality)
Enhanced Maternity Pay (subject to eligibility)
Hybrid Working (3 days in the office, 2 working from home)
Dog Friendly office (1 day per week subject to Company policy)

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