Property Associate

Job Purpose

The Property Associate plays a critical role in supporting the financial and operational management of the property portfolio. The position is responsible for ensuring accurate revenue tracking, cost control, invoice verification, financial reconciliation, and reporting activities in alignment with company policies and contractual obligations.

The role requires close coordination with Property Management teams, Finance departments, vendors, and service providers to maintain efficient financial operations and ensure compliance with lease agreements, operational budgets, and regulatory requirements.

The ideal candidate should possess strong analytical and reconciliation skills, sound knowledge of accounting principles including Accounts Payable (AP), Accounts Receivable (AR), and revenue recognition, along with the ability to interpret contracts and financial agreements. Attention to detail, accuracy in reporting, and proficiency in Excel and financial systems are essential for success in this role.

• Oversee property revenue by maintaining accurate and reconciled statements of accounts
• Monitor and validate all income streams, ensuring completeness and accuracy
• Reconcile revenues against lease agreements and contractual terms
• Ensure timely invoicing and support collection processes

• Monitor and track operational expenditures (OPEX) across the property
• Allocate costs accurately across relevant cost centers
• Implement cost control measures to enhance financial efficiency
• Analyze cost trends and identify opportunities for savings

• Review and verify supplier invoices, supporting documents, and approvals
• Ensure all submitted invoices align with contractual terms and completed services
• Coordinate with relevant departments to resolve discrepancies prior to payment processing

• Reconcile income, expenses, and operational costs on a regular basis
• Identify and investigate financial discrepancies and variances
• Ensure compliance with internal financial policies, contractual obligations, and regulatory requirements
• Maintain accurate and well-documented financial records

Prepare and deliver periodic financial reports including:

• Income and expenditure statements
• Rent collection reports
• Accounts Payable (AP) and Accounts Receivable (AR) aging reports

Additional responsibilities:

• Provide analysis of property performance and financial insights to support decision-making

• Maintain updated and accurate AP and AR sub-ledgers
• Monitor aged receivables and support follow-up on outstanding payments
• Track vendor payments and ensure timely processing

• Liaise with Property Management, Finance teams, and service providers on financial matters
• Support alignment between operational activities and financial reporting
• Provide financial clarifications and supporting documents when required

• Strong financial analysis and reconciliation skills
• Knowledge of accounting principles (AP, AR, revenue recognition)
• Attention to detail and high level of accuracy
• Proficiency in financial reporting and Microsoft Excel
• Ability to interpret contracts and financial agreements
• Strong communication and coordination skills