Service Charge Accountant

New Yesterday

Job Title: Service Charge Accountant

Location: Stockwell, London, SW9

Job Type: £50,000 Per annum

Job Type: Full Time, Permanent

About SW9 Community Housing:

SW9 Community Housing is a resident-led social housing charity responsible for the delivery of housing management and maintenance services for around 1,800 homes and several commercial and community buildings in Stockwell/Brixton on behalf of a G15 Housing Association, Sovereign Network Group (SNG).

About The Role:

We are seeking a detail-oriented and experienced Service Charge Accountant to manage and oversee all financial activities related to service charge accounts. The successful candidate will ensure accurate budgeting, timely reconciliation, and compliance with relevant regulations for service charge funds, primarily within a residential property portfolio.

Key Responsibilities:

Budgeting & Financial Reporting

Prepare and reconcile annual service charge budgets and actuals.
Produce and issue year-end service charge accounts in line with lease agreements and statutory guidelines (Landlord and Tenant Act 1985).
Manage and report on reserve funds, ensuring correct contributions and balances.
Monitor expenditure, compare against budgets, and post adjustments as needed.
Provide service charge budgets for new developments at design stage.Billing & System Management

Calculate and issue service charge estimates, actuals, major works charges, and ground rent in line with lease terms and within set timescales.
Lead on the rent increase process, ensuring accurate calculations and communications.
Troubleshoot and improve service charge billing systems to ensure accuracy and efficiency.
Maintain service charge ledgers and ensure accurate postings in financial systems.Stakeholder Engagement & Queries

Liaise with SNG to ensure the bank balance is topped up with the correct amounts.
Reconcile the individual leaseholder accounts and produce and send out yearly financial statements
Handle leaseholder and tenant queries on service charge estimates, statements, and variances.
Liaise with internal teams (Repairs, Development, Finance) to ensure correct cost allocations and billing for works and new developments.
Support internal and external audits, tribunals, and court proceedings with required financial data.
Collaborate with the Leasehold Adviser to improve communication with residents, including welcome packs and service charge handbooks.Governance & Compliance

Ensure compliance with relevant legislation and obtain dispensation where necessary.
Review lease agreements to ensure all service charge elements are captured.
Identify non-collectable charges and prepare write-off documentation as required.
Conduct Land Registry checks to confirm leaseholder ownership status.Engagement & Representation

Arrange and attend leaseholder service charge meetings and community events.
Provide input to legal and tribunal cases as required.
Represent the organisation at First Tier Tribunals and in County Court when necessaryAbout you:

Experience, Qualifications & Skills:

Part-qualified or qualified (ACCA, CIMA, AAT) or equivalent relevant experience.
Possession of or working towards a recognised accounting qualification is desirable.
Experience in Service Charge accounting and general leasehold management preferable within housing or property sector.
Experience of creating performance reports and implementing service improvements is desirable.
Experience of working in social housing or local authority is desirable.
Knowledge of leases and understanding of the issues of leasehold management.
Good knowledge of IT and Housing systems including Word, advanced Excel and Outlook.
Excellent interpersonal skills to support work with customers across a range of circumstances.
Strong verbal communication skills and the ability to adapt this approach for different audiences.
Excellent analytical skills to identify a range of issues from information gathered.
Excellent customer focus and a genuine desire to achieve excellence in all areas of responsibility.
Excellent numerical skills to calculate estimated and actual service charges.
Demonstrable knowledge of Section 20 and other leasehold legislation.
Ability to manage difficult conversation
Able to manage and prioritise demanding workload
Meet deadline and KPIs
Calm and professional
Self-motivated and personal with a 'can do' approach
Seeks opportunities for improvements
Actively demonstrates interest in all aspects of the businessFull details of the role profile available on request.

Please click on the APPLY button to send your CV for this role.

Candidates with the experience or relevant job titles of; Property Finance Accountant, Service Charge Finance Specialist, Accounts Coordinator, Qualified Accountant and Leasehold Accounting Analyst may also be considered
Apply
Location:
London
Salary:
£50,000 /annum
Job Type:
FullTime
Category:
Accounting/Financial/Insurance

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