Property Accountant

Property Accountant

Mayfair

£42,000 to £45,000

My client, a leading Central London office-focused property investor and developer with a portfolio of £4.9B worth of landmark buildings, is seeking a Service Charge Accountant to join their team.

You will manage a portfolio of properties within the Property Management department, providing support to Property Surveyors to ensure clear and accurate accounting to the tenants and finance department.

Responsibilities:

• Set up and maintain properties, units, and leases on the database; process daily adjustments.
• Ensure timely charge raising for rents, service charges, licence fees, void funding, and insurance recharges.
• Monitor property funding, highlighting shortfalls or overspends to Property Surveyors and Finance.
• Input and update service charge budgets, apportionments, and void funding
• Review and reconcile quarterly and annual service charges, posting journals, accruals, and prepayments
• Arrange external audits and recover surpluses or shortfalls from tenants promptly
• Reconcile property funds and review income vs. budget to ensure correct recovery
• Reconcile service charge bank accounts and support quarterly reporting to Finance, including client statements, sub-ledger balances, and VAT.
• Provide ad hoc reporting and cover for Accounts Payable or Cashier functions as required.

Requirements

• At least three to five years' service charge experience ideally within commercial property, residential property experience will also be considered
• Experience using TRAMPS/Bluebox is desirable
• Excellent knowledge of client accounts (commercial property) and come from a similar position
• Strong communication and presentation skills
• Previous experience of service charge accounting / maintenance and audits
• Advanced Excel skills preferred, intermediate level will also be considered

Other details:

• Location: Mayfair, 4 days per week in the office and one day work from home after the six-month probation
• Hours: 9am to 5.30pm, Monday to Friday
• Holidays: 25 days holiday plus 8 bank holidays, private healthcare, 15% employer pension contribution, discretionary bonus, free breakfast