Job Title: Service Charge Accounts

Contract: Long standing temporary role

Location: Kings Langley

Salary: £44,000 per annum

Working Hours: 8:30am - 17:30pm

Profile

Our client is a boutique Property Management firm with 15 years in the industry managing several high-end buildings within London. They are seeking an experienced Service Charge Accountant to join their team and grow within the company

Responsibilities:

• Work closely with property managers on setting budgets
• Producing the service charge packs ready for year end audit.
• Completing journals, accruals & prepayments
• Carrying out mid-year reviews liaising with the site team, property managers etc
• Completing tenant recharges and reconciling these
• Reconciling the balance year end charges/credits due
• Creating statement of funds
• Carry out balance sheet reviews and remedial work, with full narrative
• Compiling the service charge budgets for each of the service charge properties.
• Loading the agreed budgets onto the Property Management System.
• Carrying out a quarterly budget variance analysis and advising Property Managers.
• In conjunction with the relevant Property Manager, reconciling the balancing service charge accounts for the Long Leasehold and Commercial properties, including any necessary accruals / adjustments.
• Updating any service charge provisions in accordance with their lease.
• Recalculating any RPI increases on any capped service charges in accordance with the terms of the leases.
• Assessing journal expenditure between cost codes when items have been coded incorrectly.
• Upon receiving meter readings, calculating the tenant recharges for electricity used in their demised areas.
• Supplying up-to-date budget information when required to the lettings team, in-house and external lawyers, for any potential letting or sale.
• Liaising and meeting with both tenants and in-house staff, to resolve any service charge queries.
• Complying with the RICS codes

Desired:

• ACCA - Desired but not required
• Knowledge on Trace Solutions Tramps

If this would be something of interest, please apply with your CV and Niamh or Alex will be in touch to discuss further.