Job Description
Full job description
Role Overview:
We are seeking an experienced and proactive Management 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 is a key role providing financial insight to property managers, asset managers, and the wider group.
Please note that this is a full-time, office-based role. Standard working hours are Monday to Friday, 9:00am to 5:30pm
Key Responsibilities:
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.
Skills and Experience:
Part-qualified or qualified accountant (ACCA, CIMA, ACA) or qualified by experience.
Minimum 3 years’ experience in a property management finance role, with exposure to both rent and service charge accounting.
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.
Confident in interpreting lease documents, budgets, and cost allocations.
Strong communication and relationship-building skills – able to work cross-functionally with asset and property teams.
Highly organised, deadline-driven, and meticulous in financial accuracy.
Proficiency in Mandarin and/or Cantonese is an asset.
Desirable:
Experience in managing multi-let commercial properties across sectors (office and retail).
Understanding of VAT treatment of rent and service charges.
Familiarity with IFRS 16 or FRS 102 as it applies to lease accounting.
Previous involvement in system migrations or finance process improvements.
Immediate availability is preferable.
What We Offer:
Competitive salary and discretionary bonus
25 days annual leave plus bank holidays
Life insurance and private medical insurance
Company pension
Ongoing professional development and training support
A collaborative and commercially-focused team environment
Job Types: Full-time, Permanent
Benefits:
Casual dress
Company pension
Life insurance
Private medical insurance
Sick pay
Experience:
property management finance: 3 years (preferred)
Work Location: In person
Role Overview:
We are seeking an experienced and proactive Management 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 is a key role providing financial insight to property managers, asset managers, and the wider group.
Please note that this is a full-time, office-based role. Standard working hours are Monday to Friday, 9:00am to 5:30pm
Key Responsibilities:
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.
Skills and Experience:
Part-qualified or qualified accountant (ACCA, CIMA, ACA) or qualified by experience.
Minimum 3 years’ experience in a property management finance role, with exposure to both rent and service charge accounting.
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.
Confident in interpreting lease documents, budgets, and cost allocations.
Strong communication and relationship-building skills – able to work cross-functionally with asset and property teams.
Highly organised, deadline-driven, and meticulous in financial accuracy.
Proficiency in Mandarin and/or Cantonese is an asset.
Desirable:
Experience in managing multi-let commercial properties across sectors (office and retail).
Understanding of VAT treatment of rent and service charges.
Familiarity with IFRS 16 or FRS 102 as it applies to lease accounting.
Previous involvement in system migrations or finance process improvements.
Immediate availability is preferable.
What We Offer:
Competitive salary and discretionary bonus
25 days annual leave plus bank holidays
Life insurance and private medical insurance
Company pension
Ongoing professional development and training support
A collaborative and commercially-focused team environment
Job Types: Full-time, Permanent
Benefits:
Casual dress
Company pension
Life insurance
Private medical insurance
Sick pay
Experience:
property management finance: 3 years (preferred)
Work Location: In person
💡 Quick Summary
Seeking a career-building opportunity? The Management Accountant – Commercial Property (Rent & Service Charge) position is now open for candidates interested in the Accountant Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
