Service Charge Accountant

Kennedy Pearce Consulting; City Of London; On-site; GBP 45,000 - 55,000; Full time

Job summary

A leading consultancy in real estate seeks an energetic Service Charge Accountant for a 6-month FTC in London. The ideal candidate has strong experience in service charge accounting and a solid understanding of the accounting treatment for transactions. Key responsibilities include forecasting service charges, preparing financial reports, and ensuring compliance with accounting standards. This role offers potential for permanent placement.

Qualifications

• Strong experience in service charge accounting, preferably residential or mixed-use.
• Solid understanding of accounting treatment for service charge transactions.
• Experience preparing statutory accounts for management companies.

Responsibilities

• Act as internal expert on service charge accounting across the portfolio.
• Post monthly service charge forecasts in the system.
• Prepare quarterly Budget vs Actual reports and resolve queries.

Skills

Service charge accounting

Accounting standards

P&L understanding

Job description

Our client is a listed Real Estate business based in the heart of London with an ever-expanding footprint and a fantastic culture. Due to the continues growth, they require an energetic Service Charge Accountant to help the finance team on a 6 months FTC basis, with strong scope to become perm.

Key Responsibilities & Accountabilities

• Act as the internal subject matter expert on service charge accounting across the portfolio
• Post monthly service charge forecasts in the property management system
• Post and monitor service charge capital projects run by estate management companies
• Prepare quarterly Budget vs Actual (BvA) reports and liaise with managing agents to resolve queries
• Support preparation and review of annual service charge reconciliations, including P&L and balance sheet, ensuring year-end balances reconcile to the final managing agent position
• Ensure appropriate treatment of service charge surpluses and deficits in line with leases and accounting standards
• Understand the impact of service charge activity on both the P&L and balance sheet, including accruals and prepayments

Qualifications & Experience

• Strong experience in service charge accounting (preferably residential or mixed-use)
• Solid understanding of accounting treatment of service charge transactions across both P&L and balance sheet
• Experience preparing statutory accounts for management companies