Property Accounting Manager

Reed Finance
City of London, London
17 Jul 2017
16 Aug 2017
Contract Type
Full Time

We are far more than a worldwide leader. We are more than 250 000 women and men who share something unique. Each and every day we host the world. We care for millions of people. We are all moved by curiosity. We love blending cultures. We are proud of our differences. Yes, we lead the way. But we want to go further, with audacity, with imagination, with passion.

Feel Welcome In more than 4 000 hotels in 95 countries

Job Description

The successful candidate will manage the Property and Asset Accounting processes for all our clients UK & Ireland hotels and Head Office. 

The will be a preference if you have also worked in the Hotel sector.

More specifically, the position will include the following duties:

1. General and management

• Maintain the appropriate records for audit purposes
• Ensure the accuracy of all reported data
• Ensure that controls are implemented and monitored effectively
• Ensure that all authorisation procedures are respected
• Respect reporting deadlines as dictated both nationally and internationally
• Annual appraisals of team members and mid-term reviews
• Recruit team members when required
• Induct and train staff
• Provide professional accounting support to the finance teams
• Train, develop and manage new and existing staff
• Active participation in our clients UK Accounting Management Team

2. Accounts

For our clients Property Companies and Holdings,
• Prepare, and be fully responsible for, the profit and loss and balance sheet
• Supervise the VAT returns
• Authorise of all Bank Reconciliations
• Authorise Accounts Payable invoices for payment
• Reconcile intercompany balances with AccorInvest partners on a monthly basis
• Manage the Tax and Audit fees schedule in conjunction with the tax manager and reporting managers
• Liaise with Treasury department for finance related subjects

3. Fixed assets accounting

• Manage the Fixed Assets accounting team
• Manage responsibility for our clients UK group fixed assets
• Manage responsibility for Hotels under Construction accounting
• Closure of FA module with Grandback central team
• Supervision of retention accounts for validity and accuracy
• Presentation of proposed asset write off’s
• GL/FA quarterly reconciliation
• Control of aborted development provisions with Asset Management
• Compilation of Government Stats relating to fixed assets
• Recharge of Hotel Consultant Services Agreement (HCSA) to projects upon instructions from Construction department in accordance with our clients standards
• Ensure that asset dictionary for categories and depreciation is properly managed and controlled
• Correct processing of retro rebates to relevant assets
• Authorise bank Reconciliation statements for all Hotel establishments in Construction
• Supervise payment of capex / construction invoices monthly by Centralised Bacs Processing, Bankline transfers or cheque
• Complete the full hand over of all accounts and supporting documents to Hotel Accountants upon the Hotel’s opening
• Monthly Intrastat VAT declaration for the group
• Compliance with the tax rules relating to CIS (Construction Industry Scheme) under the guidance of the Tax Manager
• Administer with Group Treasury Controller any centralised payments
• Supervise payments of Foreign Suppliers

4. Government & Legislation

• Complete Government statistics as requested
• Respect archive legislation periods
• Any other new legislation as and when required.

Personal Profile for the role

The successful candidate will have the following:

• Good level of finance qualifications
• Proven experience in accounting for fixed assets and property related transactions. Minimum of 3 years previous experience in a similar role.
• Strong IT skills mainly Excel, and comfortable with IT systems
• Knowledge, both P&L and balance sheet
• Self-motivated and able to work independently as well as part of a team
• Strong communication and interpersonal relationships skills
• Good organisation skills with a disciplined approach of work in order to prioritise and to meet tight deadlines
• Able to work under pressure / tight deadlines
• An open, hospitable service attitude towards clients and a friendly, ethical but business-like attitude towards internal and external interlocutors

Reed Specialist Recruitment Limited is an employment agency and employment business