Service Charge Accountant

Add Property; Borehamwood; On-site; GBP 45,000; Full time

Job summary

Add Property, a market-leading Property Management company, seeks a dedicated Service Charge Accountant in Borehamwood. This role focuses on timely production of service charge accounts, monthly financial reporting, and maintaining compliance with accounting standards. Ideal for candidates looking for career progression within a supportive work culture.

Qualifications

• Experience in service charge accounting and RICS standards.
• Ability to analyse financial transactions accurately.
• Good communication skills for stakeholder engagement.

Responsibilities

• Produce timely service charge accounts and monthly reports.
• Review financial transactions for accuracy and compliance.
• Collaborate with teams to achieve financial objectives.

Skills

Financial Reporting

Collaboration

Analytical Skills

Job description

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Base pay range

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Lead Property Consultant @ Add Property | Bespoke Recruitment Services, Property Expert

We are currently working on behalf of our trusted client who are looking for a Service Charge Accountant. Join a market leading Property Management company, renowned for excellence and forward-thinking ways of integrating tech to create a seamless experience for clients and customers. This exciting opportunity offers an unmatched route of career progression, and a great family feel working environment!

What You Can Expect

• Location – Borehamwood
• Salary – £45,000
• Work type – Permanent/ Office based

The Service Charge Accountant is primarily responsible for the timely production of service charge accounts, monthly reporting, including accruals and prepayments, and managing the Section 20b process and client money handling in accordance with the appropriate codes of practice and RICS standards/ARMA Guidelines. This role plays a vital part in ensuring accurate financial reporting related to service charges, supporting the Finance Team, and contributing to the overall financial integrity of the organisation.

Main Responsibilities as a Service Charge Accountant

Service Charge Accounts

• Prepare and produce service charge accounts in a timely manner, ensuring the need for Section 20b for the late issuing of accounts is not required.
• Review and analyse financial transactions to ensure completeness and accuracy while resolving any balance sheet anomalies.
• Ensure any void units are billed appropriately to the Developers and are reflected correctly within the accounts.
• Work closely with the property management team and customers to gather and review information to ensure clear and transparent finance reporting.
• Attend meetings internally, with clients, and external auditors during the accounts process to finalise service charge accounts.
• Prepare dormant and company accounts, and issue Trust Tax returns where necessary.

Monthly Reporting:

• Prepare monthly financial reports, energy reconciliations, including income statements, and cashflow monitoring adhering to RICS standards and ARMA Guidelines.
• Perform monthly accruals and prepayments to ensure expenses and receipts are recognised in the appropriate accounting period.
• Reconcile accounts and resolve any discrepancies in a timely manner.
• Assist in the analysis of service charge variances and cashflow.
• Reconcile financial information from previous managing agents and to incoming agents ensuring data is reconciled and correctly reflected in the systems, raising any gaps or concerns to management.
• Provide insights on financial performance and participate in budgeting and forecasting processes related to service charges.

Collaboration and Communication:

• Collaborate with cross-functional teams to support business objectives.
• Communicate financial information and/or risk effectively to stakeholders at all levels of the organisation.

For further information on this Service Charge Accountant role apply below

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

By applying you are confirming you are happy to be added to the Addition mailing list regarding future suitable positions and marketing efforts. You can opt out of this at any time simply by contacting one of our consultants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

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