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Real Estate Commercial Accountant

Employer
Financial Services
Location
UK
Salary
Competitive
Closing date
14 Jun 2021

View more

Sector
Accountancy
Contract Type
Permanent
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Job Details

This London based Real Estate Commercial Accountant position is with a leading financial services firm.

Description

The responsibilities of the successful candidate for this London based Real Estate Commercial Accountant position will include:

PROPERTY ACCOUNTING
  • Monthly management accounts preparation for internal reporting
  • Preparation and review of monthly and quarterly results for the reporting packs for investors within agreed deadlines for the Jersey and UK entities
  • Monitoring and completion of bank compliance reporting, assist with any new financing, refinancing and lender requests
  • Preparation and critical review of detailed annual budgets with input from asset managers and site staff
  • Extensive liaison with site, operations team, corporate services team to ensure accuracy of reported information
  • Preparation and review of the statutory reporting under UK GAAP (FRS 102)
  • Invoice and payment approval with tracking spend to budget
  • Treasury management, property level cashflow forecasting with monitoring capital development and refurbishment schemes
  • Revenue management for residential rents along with commercial rents, service charges, management fees and cost recharges
  • Vat returns and registering, deregistering, inspections, elections with input from professional advisors
  • Tax accounting - critical review of annual corporation and income tax computations, capital allowance input, maintaining control of tax compliance and payments including but not limited to CIS, ATED
  • Review and input into key agreement such as intragroup leases, property management agreements, finance documents
  • Supervision and support for junior members of staff


FUND ACCOUNTING
  • In c12 months it is envisaged that the role will also encompass the accounting for a Fund which would entail gaining an understanding of the key documents governing the Fund structure and being responsible for the preparation of the investor reporting along with treasury management involving investor drawdowns and distributions.


AD HOC
  • Critical procedural review, improvement and documentation thereof
  • Other such tasks as required from time to time

Profile

The successful candidate will have the following exposure:

Essential criteria:
  • Qualified accountant (ACA, ACCA)
  • Experience in the property/private equity sector
  • Able to work at transactional level, as well as retaining a good overview of accounting and business processes
  • Excellent analytical, communication and influencing skills
  • Professional "get it done" work ethic
  • Excellent attention to detail
  • Self-starter able to effectively prioritise work and effectively manage a busy finance diary
  • Proven ability to managing competing tasks and deliver against rapidly changing priorities
  • Good working knowledge of Excel

Desirable criteria:
  • Working knowledge of Yardi /Sageline 50
  • This role will initially be directly responsible for the accounting and reporting for a portfolio of investment properties that are stabilised, in lease up and also under construction. The investments are held within prop co / op co structures.

Job Offer

Attractive salary and benefits package.
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