Rent & Service Charges Accountant - Manager

Rent & Service Charges Accountant required for our public sector client to work on a Hybrid basis - Mostly home working to manage a small team of 6.

Client: Local Authority in South West London

Job Title:Rent & Service Charges Accountant

Pay Rate: £26.56 per hour PAYE or £34.27 per hour UMB (Inside IR35)

Hours: 36 Hours a week (Mon-Fri) Occasional day in the office

Duration 3 Month Contract (likely extension)

Knowledge of rent setting/leaseholders in the Public Sector, Advanced excel & Knowledge of Financial coding structures for expenditure in a finance setting

Job purpose:

• The Property Accounts team comprises of two areas specialising in property charge functions for Wandsworth Borough, Service Charges for leaseholders and managing rent accounts for tenants.
• The team are responsible for the raising and calculation of charges for both tenant's rents and leaseholder's Service Charges and the preparation of Right to Buy and sales information.
• There are approximately 22,000 rent accounts and 16,000 leaseholder properties.

The purpose of this role is:

• To be responsible for effective billing and calculation of Service Charges for leaseholders.
• To be responsible for the year-end service charge reconciliations and maintain accurate records of all transactions, analyse financial data, and preparing reports.
• To have overall responsibility for the correct charging of rent including all elements to tenants and the annual recalculation of tenant's rents.
• To review current process and procedures, introducing change where appropriate and finding solutions.

Specific Duties and Responsibilities

• Responsibility for raising the annual leaseholders Service Charges promptly and accurately to a total of approximately £12m. Working to a tight timetable and with other departments to ensure that the information required for the Service Charges are collated from various sources and calculated accurately.
• Responsible for managing the annual rent modelling exercise for tenants and the final rent calculations.
• Reporting on the progress on all activities on a regular basis.
• Management of officers, including recruitment, training, development and appropriate application of policies and codes of practice on staffing matters
• Working with the corporate IT department and other partners to ensure successful implementation of a new IT service charge system for to ensure that Service Charges can be accurately calculated according to lease agreements.
• Review the current calculation of the service charge elements and ensure that the calculation is transparent and accurate with clear written documentation.
• The role may involve evening and weekend work when necessary.

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