Property Accountant
Mayfair
£42,000 to £45,000
My client, a leading Central London office-focused property investor and developer with a portfolio of £4.9B worth of landmark buildings, is seeking a Service Charge Accountant to join their team.
You will 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.
Responsibilities:
1. Set up and maintain properties, units, and leases on the database; process daily adjustments.
2. Ensure timely charge raising for rents, service charges, licence fees, void funding, and insurance recharges.
3. Monitor property funding, highlighting shortfalls or overspends to Property Surveyors and Finance.
4. Input and update service charge budgets, apportionments, and void funding
5. Review and reconcile quarterly and annual service charges, posting journals, accruals, and prepayments
6. Arrange external audits and recover surpluses or shortfalls from tenants promptly
7. Reconcile property funds and review income vs. budget to ensure correct recovery
8. Reconcile service charge bank accounts and support quarterly reporting to Finance, including client statements, sub-ledger balances, and VAT.
9. Provide ad hoc reporting and cover for Acc...