Responsible for assisting in the preparation of annual budgets and monthly reporting.
Accountants are responsible for billing service charge, utility recharges, the timely completion of service charge reconciliations and providing relevant information for completion statements.
Each accountant has full ownership of several properties.
They will work closely with operations teams to accurately account for the property and this will require periodic visits to the assigned properties.
The individual will be the first point of contact for service charge and/or managed operations related issues for properties in their responsibility.
Working with operations teams, assist in preparation of the annual service charge budgets, managed operations budgets (costs and income) and the service charge budget booklets.
Complete the month-end for properties, working with operations teams to accurately account for all costs and income.
This includes prepayments and accruals review, cost and income analysis and reviewing performance versus budget.
Prepare and issue variance reports to key business partners and senior management. Answer queries on month end/period-end as appropriate.
Ensure costs are correctly apportioned between recoverable service charge and non-recoverable managed operations where appropriate.
A regular review of cash suspense in respect of managed operations, clearing items in a timely manner and assisting with reconciliations recording income received against site specific records.
Ensure key controls including managed operations cash reconciliations are completed in a timely manner.
Accurate billing of the service charge, demised utilities and other recoverable costs in a timely manner.
Ensure internal and external queries are addressed and resolved promptly, attending meetings where necessary.
Understand key balance sheet accounts for each property and provide analysis in respect of the closing balances and year to date movements.
Accounting for asset sales and acquisitions, as and when required.
Involvement in other property accounting work and projects as appropriate.
Routine monthly accruals and processes
Allocating cash received via bank to relevant managed operations properties
Improving day-to-day processes and controls for properties
Required Knowledge, Skills, and Abilities
Experience of business partnering
Understanding of managed operations, in particular car parks
Qualified or part-qualified accountant
Experience of accounting for large volume of transactions
Service charge accounting experience
Strong Excel skills
Ability to build relationships across the business
Highly motivated, proactive and ability to use own initiative