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Development Accountant

Cobalt is currently working with a pan European rapidly expanding real estate solutions firm to find a Development Accountant, as part of their growth.

The successful candidate will be a Project (Fund) Accountant, reporting directly to the Financial Manager, responsible for providing an efficient and accurate processing, budgeting, and reporting function for investment and development projects, as well as ensuring accurate reporting and compliance from the Fund.

Responsibilities will include:

  • Develop plan budget vs actuals and business forecasts, and ensure timely and accurate capturing of information, liaising with internal and external teams

  • Building and updating project financial models with the financial analyst, carrying out budgetary control and management of project expenditure

  • Act a Business Partner with stake holders to ensure accurate cashflow management, drawdown requests, and ongoing budgeting and cashflow forecasting of the various fund entities

  • Overseeing the preparation of cashbook and bank reconciliations

  • Accurate bank account management

  • Preparation of Development Cost Control Reports, monitoring of spending and highlight budget violations

  • Partnering with senior stakeholders to provide quality management information

  • Monitoring of tenant rental arrears and cash collection

  • CIS returns for project companies

  • Preparation of management accounts for the fund entities; monthly VAT returns

  • External investor reporting

  • Management of external statutory reporting and audit matters

Key requirements for this role:

  • ACA/ACCA/CIMA qualification

  • 1+ years post qualified experience

  • Previous fund or project accounting experience in real estate

  • Consolidation and multi-jurisdictional reporting experience

  • Proven technical ability including understanding of FRS102 and IFRS

  • Strong Excel skills

  • Strong stakeholder management experience

If this role is of your interest, please apply or send an up to date copy of you CV on stheodoropoulou@cobaltrecruitment.com