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Commercial Property Accountant
Job Posted: 2 hours ago
Salary: £ 50,000 - 55,000 / Annum
Job Type: Permanent
Location: City of London, London
Expire in: a month
Job Description
Commercial Property Accountant. OUR CLIENT are seeking an experienced and proactive Property Accountant to support the financial management of a commercial property portfolio, covering both rental income and service charge accounting. This role involves end-to-end responsibility for financial reporting, budgeting, and reconciliation of income and expenditure relating to rent and service charges across a variety of multi-let commercial assets, including offices and retail sites. This role will be 5 days in the office.
THE ROLE REQUIREMENTS:
Rent & Income Accounting:
Prepare and reconcile monthly rental income schedules, ensuring accuracy of tenant charges and lease compliance.
Monitor and analyse rent arrears and tenant account movements, working with credit control and property management.
Ensure correct posting of rental income, incentives, rent-free periods, and lease surrender premiums.
Service Charge Accounting:
Prepare annual service charge budgets and forecasts, working with property and facilities managers.
Monitor and report on actual service charge expenditure vs. budget across multi-let properties.
Complete annual service charge reconciliations, including tenant apportionments and balancing charges.
Ensure service charge transactions are accounted for in line with lease terms and RICS Commercial Service Charge Code.
Reporting & Analysis:
Produce monthly management accounts for each asset, including variance analysis and commentary.
Support cash flow forecasting, rent roll reviews, and service charge cost recovery analysis.
Assist in preparing information for external auditors, internal stakeholders, and investors.
Maintain and enhance reporting processes and financial controls across property accounting.
THE PERSON and SKILL REQUIREMENTS for Accounts Assistant:
Minimum 3 years' experience in a commercial property management finance role, with exposure to both rent and service charge accounting.
Understanding of VAT treatment of rent and service charges.
Strong understanding of commercial property leases, lease obligations, and service charge recoveries.
Excellent Excel skills and working knowledge of property management systems such as MRI QUBE, YARDI, or similar.
Happy to work 5 days in the office.
BENEFITS:
Flexi start/end time.
25 days holiday.
Please note that due to volume we cannot get back to everyone, however every application is looked at and considered and will be held on Trident International's database for review. If you have not heard back from us within 5 working days you should assume your initial application has been unsuccessful, however if suitable roles arise in the future, we will make every effort to contact you. By applying for this job, you accept the Privacy Policy and Disclaimers which can be found on our website.
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