Property Accountant - Senior

Job Description

My client, a huge Asset Owner is seeking a contractor for 6-9 months (most probably longer) to join their Residential Property Accounting team.

• Be responsible, in conjunction with colleagues, for the accounting book of records of direct real estate portfolio including residential, commercial, rural, strategic land, timber and minerals and ensure acquisitions, disposals, revaluations, income, expenses and other transactions are accurately reflected in SAP.
• Review the information supplied by the managing agents relating to income collection and expenses paid to ensure completeness and accuracy of the data.
• Work with the Investment Operations team to manage daily treasury function i.e. acquisitions, sales, calls, distributions to ensure the Commissioners' cash is accurately managed.
• Work with the Property Finance manager to perform quarter-end and year end close accounting procedures and post monthly journals to NCI's ERP system, SAP for various property portfolios.
• Assist in the production of management reporting for asset managers on a monthly/quarterly/adhoc basis and to track and report direct asset management costs against budget.
• Assist in preparing year end audit schedules to support annual audit and financial statements.
• Attend regular service review meetings with the managing agents and discuss queries/ issues/ requests. Document the meeting minutes and feedback to the Property Finance manager and the Head of Investment Accounting on the progress.
• Assist in managing agent change project. This will include:
• Work with the Contract and Vendor Manager and the Head of the Investment Accounting to ensure managing agents SLA details all the data and reporting requirements clearly.
• Work with the managing agents (both and new) to ensure data has been accurately transitioned by performing necessary checks and controls.
• Prepare necessary reconciliations of data between the ERP systems and agents' data to ensure the migration is successful. Present the reconciliations for sign off by the Head of Investment Accounting.
• Post Go-live, ensuring reporting from managing agents as documented in the SLA are being accurately delivered.
• Keeping the stakeholders informed on the transition process so that there are no unintended impacts.
• Ensure there are necessary procedure documents in the place for the work being performed.