Base pay range
This range is provided by Collective Property Co.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Job Summary
We are seeking a detail-oriented and experienced Service Charge Accountant to join our team. The successful candidate will be responsible for preparing, managing and reconciling service charge accounts for residential and commercial property portfolios. This role requires a strong understanding of service charge budgeting, financial reporting and compliance with relevant regulations.
Responsibilities
* Prepare and maintain financial records for residential and commercial block management portfolios.
* Produce monthly, quarterly and annual financial reports, including profit and loss statements, balance sheets and cash flow reports.
* Assist in budgeting and forecasting.
* Monitor and reconcile bank accounts related to service charge accounts.
* Prepare and issue service charge budgets and year-end reconciliations in accordance with RICS (Royal Institution of Chartered Surveyors) guidelines.
* Ensure timely collection of service charges, ground rents, and other client-related income.
* Allocate service charge expenses accurately and in compliance with lease agreements.
* Liaise with external auditors to facilitate smooth service charge audits.
* Process supplier invoices and ensure timely payments to contractors and service providers.
* Manage arrears collections.
* Ensure all financial transactions are recorded accurately and in a timely manner.
* Ensure compliance with accounting standards, RICS Service Charge Code, ARMA guidelines and other industry regulations.
* Maintain knowledge of property management regulations and update internal financial processes accordingly.
Qualifications
Essential
* Previous experience in service charge accounting, property accounting, or a similar role.
* Strong knowledge of service charge budgets, reconciliations, and financial reporting.
* Experience with property management or accounting software.
* Excellent attention to detail and analytical skills.
* Strong Excel skills, including the use of pivot tables and financial formulas.
* Ability to manage multiple deadlines and work independently.
Desirable
* AAT, ACCA, CIMA, or equivalent accounting qualification (or working towards).
* Experience in residential or commercial property management.
* Familiarity with client money handling regulations.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Accounting/Auditing and Finance
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