Service Charge Accountant - Property  

Central London | £42,000 - £45,000 + benefits | #4462

Service Charge Accountant - One of London's most successful Property Investment & Property Management companies with high profile international blue chip property Joint Ventures has an excellent opportunity for an experienced Service Charge Accountant to join its team and act as the interface between the Property Management team and Finance Department. Responsibilities include: 

Ensure properties are closed monthly within one working day of month end.
Ensure that client statements and VAT reports are generated as part of the month end close process.
Ensure that the ledger balances against the general ledger on a monthly basis and carry out control account reconciliations as required. Ensure that all balances are understood.
Reconcile client bank accounts on a monthly basis in accordance with deadlines.
Produce Client reporting in accordance with their expectations.
Liaise with the site teams to discuss any finance issues and to understand any issues that may have a financial impact.
Attend regular service charge accounting meetings with Property Management Teams to review actual expenditure for the year to date against budget 
Raise pre-demand lists for review by the Property Management Team 
Raise demands for rent and service charge on a quarterly basis
Provide general accounting support to Property Management Team. Attend occupier meetings where requested and assist with any client queries.
Assist Property Management Team with forecast and annual service charge budget processes. Ensure budgets are issued at least one month prior to the new service charge year or in accordance with client expectations.
Coordinate the year-end accounts processes and ensure that service charge accounts are audited and packs are issued within three months of the service charge year-end or in accordance with client expectations.
Continuously review processes and procedures, ensure standardisation, implement improvements and ensure best practice. All procedures should be fully documented and appropriate for relevant properties.
Identify any areas within existing processes, which could be improved and discuss these with Line Manager as appropriate.
Ensure that housekeeping on the service accounting system for the owner, property, unit and occupier data is performed on a regular basis and amendments are completed on a timely basis.

The Service Charge Accountant will have strong relevant experience within the residential property industry as well as strong communication skills and knowledge of property management systems. This is an excellent opportunity to join this dynamic business.

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