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Location:
London, Greater London
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Sector:
Property & Real Estate Finance, Banking & Financial Services
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Job type:
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Salary:
£45000.00 - £65000.00 per annum + Bonus & Benefits
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Job ref:
JN -082020-71194_1596805546
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Published:
07 August 2020
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Expiry date:
06 October 2020
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Start date:
ASAP
Cobalt are seeking an experienced Commercial Financial Controller to join one of London's most exciting boutique real estate investors & developers, focusing on both residential & commercial properties.
This role will sit very closely with senior management and the development teams in an advisory capacity, undertaking all aspects of financial management, financial accounting, budget preparation and cost monitoring for the portfolio, as well as future developments.
This is a desirable role for a very commercially minded accountant with duties including but not limited to:
Financial accounting and reporting
Manage all accounting operations including inter-company billings, A/P, GL, Cost Accounting, and Revenue Recognition
Ensure that suppliers invoices are capture in correct projects/ accounts
Reconciliation of inter-company balances
Prepare journal entries for quarter-end and year-end closings
Responsible for completion data-intensive calculations of month-end processes
Maintenance of work in process and segmentation of data and support for project phases and reporting
Ensure the reconciliation of AP
Prepare accounts for quarterly VAT submissions
Finalising the accounts for regulatory reporting
Ensure quality control over financial transactions and financial reporting
Budgetary control
Coordinate and direct the preparation of the budget for each project
On-going cost monitoring and control
Ensure suppliers billings and payments are in-line with the progress of the projects
Prompt report of any variances
Manage project cash flow
Work closely with key suppliers/ contractors to assess and analyse the cost status of the works
Work closely with development team and other team members to analyse and report on the cost status of the project highlighting progress and variance and make recommendations of key actions where applicable and implement the agreed actions
Review engagement letters/ contracts of suppliers/ contractors/ consultants to mitigate financial risk
Key requirements
Experience of working within real estate/ property development/ construction in a similar role
ACA/ACCA/CIMA Qualified
Thorough knowledge of accounting principles and procedures
Experience with general ledger functions and the month-end/year end close process
Experience with closing and finalising accounts
Knowledge of with dealing with HMRC
Excellent accounting software user and administration skills
Excellent MS Excel skills
If you would like to get exposure to some of the biggest names within real estate & private equity, have a passion for property development and work well within a team, please apply with your up to date CV.