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Senior Property Accountant London£60k-£70kBonusFlex working 4:1
The role:
Manage the year end service charges and subsequent reporting for a prestigious mixed use development as well as a team of property accountants.
Duties:
- Produce Service charge accounts and liaise with auditors and ensure final accounts are reconciled
- Oversee, mentor and train a team consisting of Assistant Property Accountants and Property Accountants.
- Provide up to date financial information to Property Directors and leaseholders.
- Lead on entering annual budgets and raising of service charge demands to lessees, and assist in the collection of service charges
- Review ground rent demands raised on lessees, and ensure that ground rent returns are made to Freehold clients in an accurate and timely manner.
- Review, monitor and control all outgoings from the client bank accounts
- Complete bank reconciliations on a monthly basis
- Prepare the apportionment of final expenditure between lessees compared to service charges demanded on account.
- Prepare voids schedules and forecasts for freehold clients
- Prepare monthly VAT reports
- Posting any adjustments required, closing down year ends on the system and uploading balancing charges or credits
- Prepare weekly and monthly management summary reports
- Undertake monthly ground rent summaries for clients
- Preparation of reports (with accruals and prepayments) on actual vs budgeted expenditure at least quarterly, moving to monthly
- Ensuring any client/leaseholder enquiries are dealt with in a timely, helpful and professional manner.
- Assisting with the internal audit of client procedures and monies.
Requirements:
- Good experience of service charge reporting gained either in practice or in the finance department of a Residential Managing Agent
- Be studying towards ACCA/CIMA
- Advanced Excel skills
- Knowledge of a PMA system
- Professionalism and an appreciation of Property accounting compliance requirements
