Property Accountant

Ballymore; East London; On-site; ZAR 786 000 - 1 124 000; Full time

Job summary

A property management firm is seeking a Property Accountant for a permanent role based in East London. The successful candidate will support the Senior Property Accountant in managing accounting records, prepare financial reports, and oversee bank reconciliations. Applicants should have at least 3 years of experience in service charge accounting and be on the path to a professional qualification such as ACA, ACCA, or AAT. Strong Excel skills and knowledge of property management software is advantageous.

Qualifications

• At least 3 years of experience in managing service charge accounting.
• Ability to engage effectively with colleagues in the property management sector.
• Competent with accounting software packages.

Responsibilities

• Support the Senior Property Accountant in maintaining accounting records.
• Prepare monthly service charge income and expenditure reports.
• Oversee completion of bank reconciliations for designated schemes.
• Assist with the service charge audit review at year end.

Skills

Service charge accounting

Accounting software proficiency

Excel skills

Property management knowledge

Education

Part qualified ACA/ACCA/AAT or qualified by experience

Job description

Property Accountant - Permanent - Canary Wharf

Hours: 40 per week, 08.30am - 17.30pm Monday to Friday

Role & Responsibilities

• To support the Senior Property Accountant in maintaining the accounting records for their appointed schemes
• To carry out all basic accounting procedures to ensure that financial information is accurate and available on a timely basis.
• To interact with all stakeholders outside of the department in a professional manner
• Advising Property Directors on any accounting issues associated with annual service charge budgets and to assist as required in the production, distribution and processing of budgets
• To check that all properties, units and tenant details are correctly held on the property management system.
• To update and change any Service charge or Ground rent amounts relating to Property transfers and sales.
• To prepare monthly ground rent returns for submission to Freehold clients.
• To draft monthly service charge income and expenditure reports for the Senior Property Accountant to discuss with the Property Directors
• To draft the monthly variance analysis reports and highlight any areas of budgetary anomalies
• To process journals reallocating expenditure as necessary
• To support the on-site development teams with Propman system and purchase order best practice, invoice coding, expense forms and requests for payment.
• Oversee the completion of bank reconciliations on a monthly basis for all designated schemes.
• To support the on-site development teams with Propman system and purchase order best practice, invoice coding, expense forms and requests for payment.
• To support the work of the purchase ledger team through obtaining payment runs for approval by the Senior Property accountant.
• Dealing with daily transactions for on-site petty cash and ensure that returns are properly authorised and coded.
• To monitor development scheme cashflow and forecasting at least 12 months ahead.
• Bill periodic ground rent, service charges, insurance and other charges to lessees or occupiers.
• Bill directly recoverable charges to lessees / occupiers.
• Assist with the service charge audit review at year end and check for all invoices against expenditure before passing to the external accountants.
• Send out service charge accounts to leaseholders once completed along with all relevant information

Skills & Experience

• Must have at least 3 years’ experience of managing service charge accounting.
• Must be part qualified ACA, ACCA, AAT and actively working towards a professional qualification, or qualified by experience.
• Must be interested in the property management sector and be able to engage with colleagues in an effective manner and support colleagues as required.
• Must be competent with accounting software packages and knowledge of property management software would be an advantage.
• Good Excel skills required.