Job description
Job Title: Property Accountant (Residential & Commercial Real Estate)
Salary: £45k - £50k
Location: Central London - Hybrid Options
Hours: 9:30am - 6pm
Summary:
We are representing a Property Management & Investment firm based in Central London, with a focus on Pan-European value-add instatements across both Residential and Commercial Real Estate. Opening their London office in 2020, they have since grown significantly and now looking to grow their Property Accounting team.
The role will report into the Senior Property Management Accountant and responsible for their portfolio of residential and commercial properties. The portfolio is mixed-use, so experience within both residential and commercial sectors would be highly advantageous, however it is predominantly residential so applicants with a residential background will be considered.
Key Responsibilities
- Run the dedicated portfolio up to net operating income (NOI) level.
- Responsible for monthly analysis of budget vs actual and investigate variances.
- Arrange monthly meetings with the Property Managers and other stakeholders to discuss NOI variances.
- Review and support the annual budget process with Property managers.
- Review Service Charge accounts provided from external Managing Agents to ensure accuracy and
- completeness of budgets, on account charges and year end reconciliation.
- Run Service Charge process for inhouse managed properties including budgeting, raising charges, reviewing
- expenditure and income for year-end reconciliation.
- Build relationship with Operations and finance team, in order, to carry out the tasks efficiently.
- Prepare and review client statement for an external client on a monthly basis.
- Responsible for correct deposit accounting.
- Manage the deposit transfer and reconcile all payment requests with TDS & DPS.
- Reconciliation of deposit on a monthly basis.
- Run the charges for the selective portfolio and ensure move in and move out is updated correctly on Yardi.
- Review the charges & run reasonableness income test on a weekly basis.
- Raise monthly rent charge for designated portfolio
- Ensure all the unidentified items are posted correctly.
- Analyse the discount with the rental income.
- Reconciliation of the bank on Yardi on a weekly basis.
- Review aged debtors' balances with Credit Control team.
- Support the other team members in their absence.
- Run ad-hoc reports as requested by Senior PMA and Senior Controller.
Benefits:
- 33 days holiday including UK Bank/Public holidays
- Discretionary bonus
- Company Pension (Salary Sacrifice)
- Private Medical Insurance (Vitality)
- Enhanced Maternity Pay (subject to eligibility)
- Hybrid Working (3 days in the office, 2 working from home)
- Dog Friendly office (1 day per week subject to Company policy)
