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  • Job reference: RMS0110942

Property Accountant

  • Sector: Commercial
  • Location: London
  • Job type: Contract
  • Date posted: 18/05/2012
  • Time left:
    d h m s
    (25/05/12)
This vacancy has now expired.
The Company:
Our Client is a Leading Global Operator in the Oil, Gas and Energy Sector. This role supports our client's Pensions Investments Team and is based in our client's offices in Central London.

The Role:
The Pensions Investments Team’s principal function is managing the assets of the Pension Fund in the UK on behalf of the Fund Trustee. There are 29 in the team. It forms part of Corporate Finance & Pensions Investments within Treasury and it’s client is the Fund Trustee, which includes several senior managers.

Our Client's Pension Fund is one of the largest defined benefit pension funds in the UK and is one of the few that is still managed internally. Current assets under management exceed £15bn comprising equities, bonds, property, derivatives and cash. The team employ a number of investment professionals and its activities are regulated by the Financial Services Authority (FSA).

Roles and Responsibilities:

The Property Portfolio has a current value of £1.5bn and consists of 50 directly held properties, Joint Venture assets and some Real Estate Unit Trust funds. The Property Accountant works closely with the in-house Head of Property and the Property Surveyors. Directly held properties are externally managed by our managing agents.

- Provide financial and accounting support to the Property Investments group of the Pension Fund Team.
- Prepare and review Tax Returns which include monthly Property VAT return and CIS returns
- Support the in-house property team with financial and tax aspects of property sales and acquisitions and liaise with lawyers as appropriate
- Assist with the financial management of the Joint Venture Property Partnerships and Property Unit Trusts, including review of the JV accounts and JV tax sign offs.
- Maintain and continue to develop strong relationships with Joint Venture partners, Managing Agents, development partners and suppliers

- Produce Performance reports for the Property portfolio including preparation of quarterly Committee papers and submission of IPD data.
- Assist in ensuring Property Investments operates in compliance with all legal and FSA regulatory requirements
- Liaison with auditors

Essential Skills / Qualifications:
- Qualified Accountant required (ACA, ACCA or CIMA)
- Strong IT skills essential since the team employs a number of sophisticated systems.
- High level of numeracy
- Strong attention to detail.

Desirable Skills / Qualifications:
- Some prior knowledge of property accounting is desirable.
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