Property Accountant

J&T Business Consulting; Liverpool; On-site; GBP 30,000 - 45,000; Full time

Job summary

A financial services firm in Liverpool is looking for a professional to manage financial records, produce essential financial reports, and ensure regulatory compliance. The ideal candidate should have experience in service charge accounting, budgeting, and financial reporting. This role offers a competitive salary and growth opportunities within the finance sector.

Qualifications

• Experience in preparing and maintaining financial records.
• Ability to produce comprehensive financial reports.
• Familiarity with budgeting and forecasting processes.
• Understanding of RICS guidelines and service charge accounting.

Responsibilities

• Prepare and maintain financial records for both residential and commercial portfolios.
• Produce financial reports including profit and loss statements.
• Assist with budgeting and forecasting activities.
• Monitor bank accounts related to service charges.

Job description

Financial Management & Reporting

• Prepare and maintain financial records for residential and commercial block management portfolios.
• Produce monthly, quarterly and annual financial reports, including profit and loss statements, balance sheets and cash flow reports.
• Assist in budgeting and forecasting.
• Monitor and reconcile bank accounts related to service charge accounts.

Service Charge Accounting

• Prepare and issue service charge budgets and year-end reconciliations in accordance with RICS (Royal Institution of Chartered Surveyors) guidelines.
• Ensure timely collection of service charges, ground rents, and other client-related income.
• Allocate service charge expenses accurately and in compliance with lease agreements.
• Liaise with external auditors to facilitate smooth service charge audits.

Accounts Payable & Receivable

• Process supplier invoices and ensure timely payments to contractors and service providers.
• Manage arrears collections
• Ensure all financial transactions are recorded accurately and in a timely manner.

Regulatory Compliance & Best Practices

• Ensure compliance with accounting standards, RICS Service Charge Code, ARMA guidelines and other industry regulations.
• Maintain knowledge of property management regulations and update internal financial processes accordingly.