Role details

Service Charge Accountant

London   •   £30,000 - £35,000   •  Permanent

Bullet points

  • Property Management Company
  • Based in Waterloo

About Our Client

A residential property manager focused on the UK multifamily and private rented sectors.

Job Description

  • To liaise with previous managing agent (if applicable) and client to obtain information in order to set up the new property
  • To set up a property including implementing opening balances, unpaid debtors and creditors, bank balances and any other items necessary.
  • To read the lease and establish any demand and year end dates and ensure this information is updated on the Master Information Document & Properties Managed.
  • To be familiar with the management agreement for each property, any savings, rates and agreements
  • To enter purchase ledger invoices onto system
  • Overall responsibility of maintaining healthy cash flow, checking bank balances. Reporting to Head of Accounts and Asset Manager when the cash balance goes below the minimum level and preparing an action plan to ensure healthy cash flow is re-established.
  • Fully responsible for the credit control of the portfolio. Follow company debt recovery procedure
  • To reconcile sub bank accounts on a monthly basis
  • To check the coding of invoices for the previous month and re-allocate as necessary
  • To administer quarterly payments of ground rent, insurance, etc to landlords where required
  • To review actual expenditure and prepare a variance report on an accruals basis in line with company SLA's
  • To note actual bank balance for Quarterly reporting
  • To bill any void charges to the developer
  • To prepare year end pack including Trial Balance, Expenditure to Date, Debtors and Creditors listings
  • To identify any accruals and prepayments
  • To review opening balances and reconcile to previous set of accounts
  • To Investigate any suspense items on the trial balance
  • To ensure that all debtors and creditors listings agree to the trial balance
  • To collate invoices and ensure items are not missing
  • To prepare all of the above and ensure information is with the auditors within 6 weeks of the year end.
  • To promptly investigate and respond to any account queries that may arise from the preparation of the draft accounts.
  • To enter all journal identified
  • To enter al accruals and pre-payments identified
  • To submit the draft accounts to client for approval and to answer any queries they may have
  • To raising balancing charges and issue accounts to leaseholders
  • To complete the year end accounts within 3 months of the year end.
  • To provide support to Asset Managers in the preparation of the service charge budget for each financial year
  • Calculating the minimum cash balance levels
  • Raising Demands
  • To raise Service Charge, Reserve Fund, Ground Rent demands in line with lease

The Successful Applicant

  • Previous experience working with Service Charges.
  • To be proficient with Yardi Propware and all Microsoft applications (Preferred)
  • To be proficient with Let MC (Preferred)

What's on Offer

  • Starting salary of £30,000-£35,000

Apply for this job

Click the Apply or LinkedIn button below or contact Edward Davey quoting job reference 13690999
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