Property Accountant

At Armstrong Knight Property, we are proud to represent a client with an unmatched reputation in the real estate industry. With prestigious offices located in Canary Wharf and South Kensington, our client is a beacon of excellence in Lettings, Management, Sales, and New Homes. Their expertise extends across international waters, with a presence in the dynamic markets of Singapore, Malaysia, Hong Kong, and China.

Our client is synonymous with bespoke real estate solutions, tailored to meet the unique needs of discerning clients. Their seasoned professionals ensure that each real estate transaction, from property acquisition to management, is conducted with unparalleled sophistication and efficiency.

Job Overview:

We are seeking a diligent and detail-oriented Property Accountant to join our client's dynamic team within the real estate sector. The ideal candidate will be responsible for managing financial records, ensuring accurate and timely accounting for a diverse portfolio of properties. This role offers a unique opportunity to contribute to the financial success of a leading company while advancing your career in property accounting.

Key Responsibilities:

1. Financial Reporting and Analysis:

• Prepare and present monthly, quarterly, and annual financial reports for property portfolios.

• Conduct variance analysis and provide insights on financial performance.

• Ensure compliance with relevant accounting standards and regulations.

2. Property Accounting:

• Manage day-to-day property accounting activities, including accounts payable, accounts receivable, and general ledger entries.

• Reconcile bank statements and ensure the accuracy of financial records.

• Maintain accurate records of tenant leases, rent rolls, and service charges.

3. Budgeting and Forecasting:

• Assist in preparing annual budgets and periodic forecasts.

• Monitor and report on actual performance against budget and forecast.

• Collaborate with property managers to develop realistic financial plans.

4. Service Charge Accounting:

• Prepare service charge budgets and reconciliations.

• Ensure timely collection of service charges from tenants.

• Address tenant queries regarding service charge accounts and budgets.

5. Tenant and Client Relations:

• Serve as the main point of contact for tenants and clients on financial matters.

• Provide support and advice to clients regarding their financial queries and concerns.

• Liaise with tenants to resolve any financial disputes or discrepancies.

6. Compliance and Audit:

• Ensure compliance with all internal policies and external regulations.

• Coordinate with external auditors during the audit process.

• Implement audit recommendations to enhance financial controls and procedures.

7. Cash Flow Management:

• Monitor and manage cash flows for property portfolios.

• Ensure timely payment of property expenses and disbursement of funds to clients.

• Prepare cash flow forecasts to anticipate funding requirements.

8. System and Data Management:

• Maintain and update property management accounting systems.

• Ensure the accuracy and integrity of financial data.

• Implement process improvements to enhance efficiency and accuracy.

9. Ad Hoc Projects:

• Assist with special projects and financial analysis as required.

• Support the finance team with other duties as necessary.

Key Skills and Qualifications:

• Part-qualified or fully qualified accountant (ACCA, CIMA, ACA) or equivalent.
• Proven experience in property accounting or a similar role within the estate agency sector.
• Strong knowledge of property management accounting systems and software.
• Proficiency in Microsoft Excel and other accounting software.
• Excellent organizational and time management skills.
• Strong analytical and problem-solving abilities.
• Exceptional communication and interpersonal skills.
• Ability to work independently and as part of a team.
• High attention to detail and accuracy.
• Knowledge of UK property law and taxation is advantageous.

Team Overview:

You will be joining a collaborative and supportive team of property professionals dedicated to delivering high-quality financial services to clients. The team values hard work, continuous improvement, and a positive work environment.

What's on offer:

• Competitive salary and performance bonuses.
• Opportunities for professional growth and advancement.
• A supportive and dynamic work environment.
• Comprehensive training and onboarding process.
• Company phone and laptop.
• Paid courses for relevant qualifications.
• Quarterly performance bonus.
• Yearly bonus.
• 28 days annual holiday entitlement.
• Bereavement leave.
• Company events.
• Company pension.
• Sick pay.
• Work from home options.