Property Accountant

Overview

Job Title Property Accountant

Responsible to Finance Manager (Fixed Assets, Leases & Property)

Location Parklands Court, Rubery

Sector/ Business area Financial Accounts team, Central Finance

Overall purpose of the role

Reporting to the Finance Manager (Fixed Assets, Leases & Property), the Property Accountant will look after all areas relating to Central property costs and rent/service charge/turnover rent for Compass One sites.

Financial Accounts team - Purpose and Context

The Financial Accounts team performs a pivotal role within Compass UK&I, overseeing fixed assets, leases/IFRS
16 accounting, property related transactions, intercompany, balance sheet reconciliations, Group reporting, audit and financial statements, below the line transactions, accounting for M&A and providing advice and guidance on accounting matters as required. We also support the Tax team on sales and employment taxes as well as other Central Finance teams.

Purpose

• Central property costs, including budgets and forecasts
• Receive and recharge costs for sub-let properties
• Rent/service charge/turnover

People

• Working effectively as part of a team
• Building relationships with key stakeholders
• Liaising with colleagues from other teams for resolution of queries
• Coaching and guiding other team members

Performance

• Review all queries in the Medirest inbox relating to rent, service charge and turnover rent, ensuring timely and helpful communication
• Ensure all property and service charge invoices (quarterly) are checked, appropriate approvals gained, queries resolved and processed/paid on time
• Make appropriate accruals for rent/service charge and turnover rent at month end, review the control accounts and be able to present any risks and opportunities
• Ensure all charges relating to sub-let property are recharged as appropriate, review related customer and vendor accounts to ensure all invoices paid correctly and on time, review and unwinding of discount for onerous provisions
• Review CGUKI central property cost centres to ensure costs reflected correctly and investigate variances to budget/forecast with Facilities Manager
• Liaise with Facilities Manager to create budgets and forecasts for central property costs
• Take ownership of property and concession leases within the business - identify those which fall under IFRS
  16 and process them onto ALAE (lease accounting system)
• Identify rent increases to be entered into ALAE along with any lease modifications or disposals
• Ensure all rent/concession invoices for IFRS
  16 leases are in line with expected values
• Review property and concession leases with sectors
• Maintain property and concession control account
• Maintain process notes for all business-as-usual work to enable cross training, cover and support within the team
• Cross train other team members and support with training and development of more junior colleagues

Essential:

• Part-qualified Accountant (CIMA/ACCA/ACA) [approx. 2 years completed] and minimum of two years in a finance role.
• Must be willing to commit to actively studying and qualifying in a reasonable time frame
• Intermediate Excel skills (common formulae, pivot tables etc)
• Good organisational and presentational skills
• Flexible and adaptable in this busy, evolving environment
• Experience of balance sheet reconciliations
• Experience of month end (accruals, prepayments, variance analysis etc)
• Experience of ERP software, SAP preferred
• Continuous improvement mindset to question current processes

Desirable:

• Experience with property costs
• Knowledge of IFRS
  16
• Advanced Excel skills (including complex formulae)

• Exclusive travel discounts with TUI, Expedia,  and many more
• Save money on your food shop with discounts on Tesco, Sainsbury's, Morrisons and more
• Up to 44% off cinema tickets to enjoy your favourite blockbuster
• Regular emails filled with the best discounts and savings available
• Receive Wow Points every time you spend and use them on a wide range of brands
• Un-wind with us with free wellness, mindfulness and exercise classes
• You can share all discounts and offers with your friends and families
• Contributory pension scheme
• Study support
• Grow your career with our Career Pathways and My Learning programmes