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    Service Charge Accountant Property - London, United Kingdom - MAPP

    MAPP
    MAPP London, United Kingdom

    1 week ago

    Default job background
    Description
    Service Charge Accountant


    Department:
    Client Accounting


    Employment Type:
    Full Time

    Compensation:
    GBP 37,000 - GBP 45,000 / year

    MAPP is the UK's leading specialist in commercial property and asset management, with over GBP 30bn+ of property under management for a variety of UK and overseas Fund Managers, REITs and other property owners.

    MAPP believes that property management can be a force for good.

    0 versions of Property Management, to help clients and occupiers navigate the new landscape, and to ensure we deliver a fully integrated and holistic approach.

    We are a values driven organisation, you can see that because of our decision to become a B Corp (and the largest real estate consultancy in the UK to do so).

    We promote on average about 10% of our office based roles in a year.

    We have fun together with events and opportunities to connect, grow and learn with study days as well as giving back to our communities with charity days and fundraising events.


    Title :
    Service Charge Accountant

    Team :
    Client Accounting
    AD - Head of Service Charge

    Role Summary / Purpose and Scope Our property accounting team works closely with our clients to ensure we provide a market leading accounting service.

    The team is responsible for the management of property and lease data, best-practice service charge account management, and the provision of accurate and timely financial reporting, all combining to provide a day to day property accounting service that is a seamless extension of our clients' own accounting teams.

    Working in conjunction with the surveying, site teams and central accounts the property accountants work diligently to ensure all financials and processes are managed efficiently and effectively across all aspects of the instruction.

    Preparation, reconciliation & recharging of annual service charge accounts within agreed timescales and in accordance with the RICS code.

    Monthly review and analysis of expenditure incurred, recommendations and meetings with site team & posting of prepayments and accruals at the service charge year end.

    Liaison with external auditors & posting identified audit findings.
    Identification of committed expenditure to include in variance report analysis.

    Review of service charge set up & ongoing service charge system maintenance for all designated properties, at property and occupier level, including apportionments, caps, landlord liabilities & scheduling.

    Service charge budgets updates to the PM system & ensuring occupier/landlord on accounts amended accordingly.
    Service charge cash reconciliation production up to trial balance & identification of funding issues.
    Direct recoverable reconciliations including utility recharge journal postings.
    Undertaking ad hoc duties as required.
    Great service delivery including working in partnership with internal and external individuals and good communicating in written and verbally
    Strong written and verbal communications including report writing
    Service charge accounting experience in a commercial environment.
    Knowledge of how to close year ends and demand balancing service charges
    Ability to reconcile service charges and prepare service charge cash reconciliations preferred
    Understanding of general VAT accounting laws and requirements
    Understanding of the application of VAT in commercial property
    Salary Range (Based on Experience)
    GBP 37,000 - GBP 45,000 per annum, depending on experience. #
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