Senior Property Accountant

TN United Kingdom; London; On-site; GBP 75,000; Full time

Job summary

An established industry player in property management is on the lookout for a Senior Property Accountant to join their dynamic team in London. This role offers the chance to ensure the timely production of service charge accounts, manage financial reporting, and collaborate closely with Property Directors. You will play a pivotal role in budgeting, client relationship management, and internal audits. If you are ACA, ACCA, or MAAT qualified with extensive experience in service charge accounting, this is an exciting opportunity to advance your career in a supportive environment that values professional growth.

Qualifications

• 5+ years' experience managing service charge accounting.
• Experience in service charge reporting within practice or finance departments.

Responsibilities

• Ensure timely production of certified service charge accounts.
• Lead on entering annual budgets and raising service charge demands.
• Prepare management reports for stakeholders and conduct internal audits.

Skills

Service Charge Accounting

Financial Reporting

Budget Management

Client Relationship Management

Internal Auditing

Education

ACA/ACCA/MAAT Qualified

Professional Qualification in Accounting

Job description

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Investigo is partnered with a London-based Property Management business seeking a senior property accountant with a salary circa £75k.

Duties & Responsibilities

• Ensure the timely production of certified service charge accounts.
• Provide up-to-date financial information to Property Directors and leaseholders.
• Meet regularly with the Property Director for your developments to develop scheme knowledge and advise on all financial matters affecting your schemes.
• Lead on entering annual budgets, raising service charge demands to lessees, assisting in collection, and reporting arrears.
• Review ground rent demands, collect ground rent and other lease payments, and ensure timely returns to clients.
• Monitor and control outgoings from client bank accounts, ensuring proper authorization and payments.
• Complete all bank reconciliations monthly.
• Prepare annual and interim service charge accounts, liaising with auditors and reconciling accounts.
• Prepare apportionments of final expenditure, showing charges or credits to lessees.
• Manage void schedules, forecasts, and financial reviews of new blocks.
• Prepare monthly VAT reports for the group client accounts team.
• Post adjustments, close year ends, and upload charges or credits accordingly.
• Maintain transparent accounting records and handle requests for inspection.
• Prepare management reports for stakeholders.
• Ensure ground rent summaries are accurate and timely.
• Report on actual vs. budgeted expenditure quarterly, moving to monthly, explaining accounts to stakeholders.
• Liaise with residents during budget presentations and attend RA meetings.
• Manage external relationships and ensure effective use of accounting systems and controls.
• Assist with reviewing and auditing accounting procedures and client/leaseholder inquiries.
• Plan and monitor budgeting cycles, ensuring activities are delivered on time.
• Monitor insurance activities and ensure compliance with client money regulations.
• Conduct internal audits to ensure controls over service charge monies are adequate.

Requirements

• Ideally ACA, ACCA, or MAAT qualified, or experienced and working towards a professional qualification.
• At least 5 years' experience managing service charge accounting.
• Experience in service charge reporting within practice or a Residential Managing Agent's finance department.
• Experience managing junior accountants and supporting their development.