Management Accountant – Commercial Property (rent & Service Charge)

London, ENG, GB, United Kingdom

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

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Job Detail

  • Job Id
    JD3414158
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    London, ENG, GB, United Kingdom
  • Education
    Not mentioned