Property Accountant - Kingswinford, United Kingdom - Concept Technical Resources
Description
Purpose
The Property Accountant needs to be commercially aware and able to challenge costs at all levels within the business and will be responsible for a mixed portfolio of properties, including Industrial, Retail and Residential sites.
Key Responsibilities
Managing the service charge:
- Collating service charge budgets, working with the Asset Managers to agree costs and reporting to tenants within the RICS guideline timetable.
- Responsible for monitoring service charge recovery and explaining shortfalls.
- Producing Actual v Budget comparisons and working with Asset Managers to ensure expenditure is kept in line with budget.
- Attend site meetings to advise on financials for the relevant properties.
- Liaising with Asset Managers to respond to tenant queries.
- Service charge year end reconciliations responsible for ensuring compliance with RICS guidelines (service charges reconciled within 4 months of the year end), liaising with auditors where appropriate, dealing with tenant queries in an appropriate timeframe.
- Managing Sinking Fund
Monthly Management Accounts:
- Reviewing income and expenditure.
- Posting property prepayments and accruals and review of the purchase invoice register to ensure complete and accurate recording.
Other Duties:
- Identify opportunities to improve cost management across the portfolio.
- Liaising with Asset Managers and Credit Control regarding collections performance.
- Work with finance and Business Managers to develop specialisms.
Person Specification
- Ability to understand and interpret lease provisions to ensure appropriate recovery of costs.
- Excellent communication skills, with the ability to interact at all levels of the business and externally.
- Resilient, with the ability to meet tight deadlines and cope with multiple & varied tasks.
- Innovative, with a desire to identify improvements.
- Willingness to learn and demonstrate a flexible approach to working.
- Ideally have some property industry experience preferably in an accounting role.
- Good system skills including advanced excel.
Qualifications / Training
- GCSE Grade C or above in English and Math.
- AAT Level 3 or equivalent (desirable)
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