Assistant Property Accountant - Permanent, Canary Wharf
Hours: 40 hours per week, 08.30am - 17.30pm Monday to Friday
Are you ready to take your finance career to the next level?
We have an exciting opportunity for you to join our large and dynamic property accounting department. As a key member of our team, you'll be working on some of the most prestigious developments with the role offering a unique chance to enhance your skills and grow your career in a supportive and collaborative environment.
Duties & Responsibilities:
Included but not limited to;
Assist with the accounts on developments such as New Providence Wharf, The Brentford Project and Pan Peninsula.
Ensure the timely production of certified service charge accounts.
Provide up to date financial information to property directors and leaseholders.
Meet regularly with the Property Director for your developments to develop scheme knowledge, and appraise on all financial matters affecting your schemes.
For your developments, lead on entering annual budgets and raising of service charge demands to lessees, assisting in the collection of such service charges and other monies as may be payable under the lease, and in the reporting of arrears thereafter.
Review ground rent demands raised on lessees, and in the collection of such ground rent and other monies as may be payable under the lease, and ensuring that ground rent returns are made to Freehold clients in an accurate and timely manner.
To review, monitor and control all outgoings from the client bank accounts and to ensure that payments are properly authorized and paid where funds are available
Ensure that all bank reconciliations for your developments are completed on at least a monthly basis.
Preparation of annual service charge accounts in accordance with best practice and liaising with the auditors and ensuring final accounts are reconciled to the accounting records
Preparation of interim service charge accounts as required
Preparation of the apportionment of final expenditure between lessees (in accordance with the terms of the lease) compared to service charges demanded on account, showing the balancing charges or credits due to each lessee and the calculation of landlord voids.
Prepare voids schedules and forecasts for freehold clients on a monthly or an ad – hoc basis. Undertaking financial reviews of new blocks as part of the on-board process
Prepare monthly VAT reports and summaries for forward transmission to the group client accounts team.
Posting any adjustments required, closing down year ends on the system and uploading balancing charges or credits to the lessees or landlords' ledger accounts.
To ensure that accounting records are transparent and to manage any lessee or other requests to inspect the accounting records.
Prepare weekly and monthly management summary reports as required to key stakeholders outside of the department.
Ensure that monthly ground rent summaries for clients are accurate and prepared on time and that payments can be supported by accurate records.
Skills & Experience:
Ideally studying AAT/ACCA.
Advanced Excel skills
Knowledge of PROPMAN is an advantage
Expected to demonstrate professionalism and an appreciation of client accounting compliance requirements
We operate as an equal opportunities employer.
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