Property Accountant

Company Overview:

A leading property management company specialising in real estate asset management across various sectors, including commercial, retail, and residential. The organisation is known for its client-focused approach, innovative solutions, and commitment to delivering exceptional value in a competitive market.

Key Responsibilities:

• Preparation and submission of client statements, VAT reports, trial balances, general ledgers and client reports
• Action instructions from property manager (PM) / asset manager (AM) which can include creation of new debtors with new leases, amending accounts etc.
• Prepare completion statements based on details provided by PM/AM and running reports off the system
• Raising rent, service charges, insurance and recharged or ad hoc charges to tenants
• Raising and payment of void unit service charge liabilities for the client
• Entering service charge budgets onto the system and updating apportionments and tenants on account
• Preparation and reconciliation of annual service charge accounts as well as liaising with the property manager, cente manager and service charge auditor for the audit
• Payover to the client in line with agreed procedures as well as record on the system
• Preparation and reconciliation of funding requests to client
• Monthly reconciliation of client bank accounts including investigation and correction of reconciling items

Competencies:

• Ability to work with the client accountants to find solutions to issues and improve processes
• Ability to set up lease records and process amendments to leases
• Ability to identify funds available for transfer to client and reconcile rent balance held
• Knowledge of how to input service charge budgets and amend apportionments and on account charges
• Knowledge of how to close service year ends and demand balancing service charges
• Ability to reconcile service charges and make the necessary amendments on the system and prepare service charge cash reconciliations

Skills and Qualifications:

• Minimum 5 years commercial property accounting
• Preferably with experience focused on shopping centers
• Experience working with Property management software