property manager London, England
Landsec
Full Time
London, England
40000 - 12.04 GBP ANNUAL Today
Job description
We’re Landsec
Sustainable places. Connecting communities. Realising potential. We live by these principles to create great experiences for people, now and in the future.
We create places that make a lasting positive contribution to our communities and our planet. We bring people together, forming connections with each other and the spaces we create. And we provide our customers, partners and people with a platform to realise their full potential.
Having a diverse workforce at all levels will empower us to make better decisions. We know that employing a diverse mix of people makes us a stronger and more sustainable business and one that reflects the diverse society around us. That’s why we encourage people from all backgrounds to apply.
Purpose of job
The primary duties of this role include:
- Property Accountants are responsible for accounting for service charges, managed operations (e.g. car parks), property related costs and non-rental income. They are also responsible for assisting in the preparation of annual budgets and monthly P&L reporting. Property accountants are responsible for billing service charge, utility recharges, the timely completion of service charge reconciliations and providing relevant information for completion statements.
- Each accountant has full ownership of several properties. They will work closely with operations teams to accurately account for the property and this will require periodic visits to the assigned properties.
- The individual will be the first point of contact for service charge and/or managed operations related issues for properties in their responsibility.
Principal accountabilities
- Business partner the operations teams for relevant properties, being the first point of contact for operational finance matters.
- Working with operations teams, assist in preparation of the annual service charge budgets, managed operations budgets (costs and income) and the service charge budget booklets.
- Reconcile the year-end service charge and produce booklets in accordance with RICS guidelines, assisting with commentary and explanations as required.
- Working closely with Property Managers, ensure the service charge apportionment is kept up to date, always reflecting most up to date tenancies, floor areas and basis of apportionment.
- Complete the month-end for properties, working with operations teams to accurately account for all costs and income. This includes prepayments and accruals review, cost and income analysis and reviewing performance versus budget.
- Prepare and issue variance reports to key business partners and senior management. Answer queries on month end/period-end as appropriate.
- Ensure costs are correctly apportioned between recoverable service charge and non-recoverable managed operations where appropriate.
- A regular review of cash suspense in respect of managed operations, clearing items in a timely manner and assisting with reconciliations recording income received against site specific records.
- Ensure key controls including managed operations cash reconciliations are completed in a timely manner.
- Accurate billing of the service charge, demised utilities and other recoverable costs in a timely manner.
- Ensure internal and external queries are addressed and resolved promptly, attending meetings where necessary.
- Understand key balance sheet accounts for each property and provide analysis in respect of the closing balances and year to date movements.
- Accounting for asset sales and acquisitions, as and when required.
- Involvement in other property accounting work and projects as appropriate.
Decision making authority
Without reference:
- Routine monthly accruals and processes
- Allocating cash received via bank to relevant managed operations properties
- Improving day-to-day processes and controls for properties
With reference:
- Reference to senior team members on more complex/non-routine transactions
Key competencies
- Ability to build relationships across the business
- Attention to detail
- Customer (internal and external) and delivery focussed
- Highly motivated, proactive and ability to use own initiative
- Good interpersonal skills
- Working under pressure and to tight deadlines
- Ability to work as part of a team
- Problem solving
Knowledge, experience and qualifications
Essential
- Experience of accounting for large volume of transactions
- Service charge accounting experience
- Strong Excel skills
Desirable
- Knowledge of RICS guidelines
- Experience of business partnering
- Understanding of managed operations, in particular car parks
- Qualified or part-qualified accountant
Special Conditions: Ability to travel to sites around the UK as required
Salary: Starting from £40,000 per annum + other benefits
Landsec
www.landsec.com
London, United Kingdom
Mark Allan
$10+ billion (USD)
501 to 1000 Employees
Company - Public
Real Estate
1944
