Service Charge Accountant (12 Month FTC)
Purpose of Role
At The Crown Estate, our purpose is to create lasting and shared value for the country. As a Service Charge Accountant, you will support the transformation and cleansing of service charge data via actual verses budget reconciliations helping to ensure accurate and reliable actual versus budget reporting and the timely reconciliation of service charges in accordance with RICS guidance.
This is an exciting opportunity for an experienced service charge accounting professional to apply their technical knowledge and analytical skills across a diverse commercial and residential property portfolio, improving the accuracy and integrity of service charge data and financial reporting.
Context of Opportunity / Main Accountabilities
Reporting to the Service Charge Manager, you will support the review, cleansing and reconciliation of service charge data to ensure accurate reporting and appropriate allocation of costs by actioning actual verses budget reconciliations either quarterly or at half year.
Key responsibilities include:
· Reviewing transactional data and reconciling it against budget to ensure the correct apportionment across general ledger accounts and service charge schedules.
· Reviewing the apportionment of major supplier invoices to ensure costs have been allocated to the correct general ledger accounts and are in line with agreed budgets and contract allocations.
· Ensuring utility invoices are apportioned correctly between landlord and service charge costs.
· Ensuring purchase orders relating to historical periods or invoices have been closed correctly.
· Assisting with the cleardown of synthetic property structures and associated general ledger journals.
· Running actual versus budget reports for selected properties, ensuring these are completed promptly and in accordance with business requirements.
· Clearing down Horizon property balances for properties that are no longer in use or are under development, and transferring the relevant balances to the landlord.
· Investigating queries and discrepancies independently, driving issues through to an appropriate resolution.
· Understanding the links between underlying data fields, reporting requirements and financial outputs to support accurate service charge reporting.
· Reading and interpreting lease provisions relating to services and making reasoned recommendations to surveyors.
Most Important Skills Based Requirements
We are looking for a proactive and detail-focused service charge accounting professional who can work at pace, manage multiple priorities and take ownership of resolving complex data and accounting queries.
Essential experience and skills include:
· A minimum of three years' experience in a service charge accounting or advisory position.
· Experience working with both commercial and residential property types.
· Knowledge of Horizon and Voyager property management databases.
· Strong knowledge of the RICS Service Charge Code and Professional Statement requirements, relevant case law and established precedent.
· A demonstrable track record of delivering service charge analysis and reporting.
· The ability to work at pace and drive queries and issues through to resolution.
· The ability to manage multiple projects simultaneously and effectively track and report progress.
· Excellent attention to detail and a consistently accurate approach to financial data.
· The initiative and confidence to investigate and resolve queries independently.
· The ability to understand the relationships between data fields, reporting requirements and financial outputs.
· The ability to read and understand lease provisions relating to services and make well-reasoned recommendations to surveyors.
Join The Crown Estate and play an important role in strengthening the accuracy, reliability and transparency of our service charge data and reporting.
- Department
- Finance
- Location
- The Crown Estate, 1 St James Market
- Remote status
- Hybrid
- Employment type
- Full-time
The Crown Estate, 1 St James Market
Our Perks & Benefits
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28 days paid holiday
We value that you get more time with your family and friends. Therefore, we offer everybody 28 days paid holiday, 2 volunteering days and the option to purchase further holiday.
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Flexible working
We value work-life balance highly, therefore we have flexible & hybrid working policies.
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Market leading family friendly policies
We want the support we offer to be inclusive of everyone, reflective of the wide range of situations people face in life.
Workplace, Culture & Diversity
It’s our ambition to be an inclusive organisation that reflects our society, one where all feel welcome, able to be themselves and belong.
A workplace where you’re empowered to be yourself, diverse thinking is encouraged, and a place where you can realise your potential.
About The Crown Estate
The Crown Estate is a unique business with a distinct heritage and a portfolio unlike any other.
It includes some of central London’s best places to work, shop and spend time, retail and leisure destinations across the country, and a substantial rural portfolio. As manager of the seabed and half the foreshore around England, Wales and Northern Ireland, we play a role in the UK’s world-leading offshore wind sector as well as marine aggregates, cables and pipelines. We are also responsible for the Windsor Estate, including the world-renowned Windsor Great Park.