Property Accountant in London Area

Job description

London | Full-time | Property / Real Estate

Manage a portfolio of properties within the Property Management department, providing support to Property Surveyors to ensure clear and accurate accounting to the tenants and finance department.

Key Responsibilities:

Portfolio Management

• Set up new properties; units and leases on the property database. Process all adjustments to the data on a daily basis, including lease renewals, expiries etc as requested by the Property Surveyor.
• Ensure all charge raising is complete within set time frames on both monthly and quarterly periods, including rent, service charge on accounts, licence fees etc.
• Ensure all void funding is demanded within set time frames and in line with the service charge budgets.
• Demand the annual insurance premiums and to reconcile recharges on a quarterly basis to ensure 100% recovery.
• Monitor property funding, highlighting shortfalls and overspends to the Property Surveyors and Finance Department.

Service Charges

• Input service charge budgets onto the Property Software, updating the on-account charge; apportionments and void funding for each property.
• Conduct quarterly reviews of service charges with Property and Building Managers, posting corrective journals where necessary.
• Reconcile annual service charges, posting journals, accruals and prepayments as agreed with the Property Surveyor.
• Arrange external audits, answering all queries as required. Once agreed, demand the excess/surplus from the tenants to close the accounts within four months of the year end.
• Complete the cash reconciliations for all funds processed through the property, ensuring the outstanding items are cleared down on a six monthly basis and funds recovered correctly.
• Carry out quarterly review of income v budget for all tenants to ensure correct recovery.

Reporting Requirements

• Reconcile service charge bank accounts on a quarterly basis.
• Assisting with the quarterly reporting to the Finance Department via client statements, balances by sub ledger and rent roll report.
• Assisting with reporting VAT liability to the Finance Department quarterly and deal with VAT queries on a timely basis.
• Provide cover for Accounts Payable and Cashier functions as necessary.
• Other ad hoc reporting as and when required

Other

• Attend site visits on a regular basis to ensure a clear understanding of the service charge and activity on site.
• Facilitate good working relationships and effective communication with corporate finance; property management; asset management and facilities management teams.
• Maintain accurate and organised records for all assigned properties.
• Responding to routine queries from property managers and tenants, escalating complex issues where required.

Knowledge, skills and experience required

Must have

• Excellent knowledge of client accounts (commercial property) and come from a similar position.

• Strong communication and presentation skills.

• Previous experience of service charge accounting / maintenance and audits.

• Advanced Excel skills.

Preferable

• Experience of TRAMPS /Bluebox software.

Extra information

Status

Open

Education Level

Secondary School

Location

London Area

Type of Contract

Part-time jobs

Published at

29-11-2025

Profession type

Accountancy

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English