£40K/yr to £55K/yr
London, England
Permanent, Variable

Property Accountant

Posted by Cobalt Recruitment.

We are thrilled to announce our partnership with a new client based in Southeast London, who is seeking to hire two full-time, permanent Property Accountants. Due to portfolio growth, this is a fantastic opportunity to join their established team and work across both commercial and residential properties.

The team operates in the office four days a week, with one day of remote work. The vibrant and dynamic office atmosphere ensures a positive and energetic working environment.

Some benefits to highlight:

  • Company pension
  • Private medical insurance or medical cash plan scheme
  • Cycle to work scheme
  • Workplace nursery benefit
  • Technology benefit
  • Eyecare voucher scheme
  • Income protection scheme
  • Season ticket loan scheme
  • Employee Assistance Programme
  • Discounted gym membership

Duties:

  • Support the team in maintaining accurate accounting records and ensuring timely availability of financial information for appointed schemes.
  • Interact professionally with stakeholders outside the department, addressing accounting issues related to annual service charge budgets and assisting in budget production, distribution, and processing.
  • Verify and update property, unit, and tenant details in the property management system, ensuring accuracy in service charge and ground rent amounts related to property transfers and sales.
  • Prepare and submit monthly ground rent returns to Freehold clients, and draft income and expenditure reports, along with monthly variance analysis for discussion with Property Directors.
  • Process necessary journal entries for reallocating expenditures and oversee monthly bank reconciliations for all designated schemes.
  • Provide support to on-site development teams regarding the Propman system, invoice coding, and payment requests, while also assisting the purchase ledger team with payment run approvals.
  • Monitor cash flow and forecasting for development schemes, billing periodic ground rent, service charges, and other recoverable charges to lessees or occupiers.
  • Assist with the year-end service charge audit, ensuring accuracy in invoices before submission to external accountants, and respond promptly to inquiries from Property Directors, leaseholders, and clients.

Experience:

  • Able to hold a professional manner in interactions with all staff and external clients.
  • Good Excel skills required.
  • Driven, ambitious and adaptable.

If you're seeking a new opportunity and looking to join a successful team, please apply with an updated copy of your CV!!

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