Job Description
Financial Management & Reporting:
* 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.
Service Charge Accounting:
* 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.
Accounts Payable & Receivable:
* 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.
Regulatory Compliance & Best Practices:
* 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.
Requirements
ACCA Qualified/ CIMA Qualified/ ACA Qualified/ CTA Qualified