Service Charge Accountant - Central London, Office-Based

Cobalt Recruitment; Greater London; On-site; GBP 45,000 - 55,000; Full time

Job summary

Cobalt Recruitment is working with a family-owned property business to recruit a Service Charge Accountant for its commercial property team in Central London.

This is an entirely office-based position, five days per week, and offers the opportunity to take ownership of service charge accounting across its commercial property portfolio. The Service Charge Accountant will report to the Senior Commercial Property Manager and work closely with the wider Property Management and Accounts teams.

Qualifications

• Experience in commercial service charge accounting.
• Knowledge of preparing service charge year-end and quarter-end accounts.
• Knowledge of service charge reconciliations and the audit process.
• Understanding of commercial lease terms and the treatment of recoverable and non-recoverable expenditure.
• Ability to maintain accurate financial records and manage multiple deadlines.
• Clear communication with Property Managers, clients, tenants and suppliers.

Responsibilities

• Managing service charge accounts and maintaining accurate financial records.
• Preparing and issuing service charge, ground rent, insurance and rent demands.
• Preparing service charge year-end and quarter-end accounts and expenditure reports, taking accounts through to trial balance for external accountants.
• Completing service charge reconciliations and supporting the audit process.
• Reviewing commercial lease terms to establish recoverable and non-recoverable costs and ensuring costs are recovered in line with lease obligations.
• Maintaining accurate financial and property information within Qube.
• Managing daily banking routines and reviewing unallocated transactions.
• Supporting the onboarding of new properties and taking ownership of the financial process.
• Working closely with Property Managers to provide financial reports and support the management of individual properties.
• Responding to relevant client, tenant and supplier queries and escalating urgent matters where required.
• Monitoring key financial deadlines and ensuring service charge activity is completed on time.

Skills

Commercial service charge accounting

Lease terms knowledge

Financial reporting

Communication skills

Deadline management

Tools

Qube

Job description

Cobalt Recruitment is working with a family-owned property business to recruit a Service Charge Accountant for its commercial property team in Central London.

This is an entirely office-based position, five days per week, and offers the opportunity to take ownership of service charge accounting across its commercial property portfolio. The Service Charge Accountant will report to the Senior Commercial Property Manager and work closely with the wider Property Management and Accounts teams.