Management Accountant

We identify and shape places that create opportunity, enhance quality of life, and bring joy to the people connected to them. This is how we’ve created the UK’s leading portfolio of urban places and one of the largest real estate companies in Europe.

Our £10 billion portfolio is built around premium workplaces, the country’s pre-eminent retail platform, and a residential pipeline that will redefine urban life. We’ve honed this ability over 80 years. Spotting the opportunities, building the partnerships, and continually adapting to shape the places that meet the needs of a changing world. Places where life happens. Where businesses grow. And where cities are defined.

Principal Accountabilities

• On an on-going basis, this includes calculation of turnover rents due, raising invoices, monitoring and chasing tenants for turnover information, accruing for arrears, liaising with portfolio teams. 

• Ensuring that annual turnover certificates are obtained and reconciled on a timely basis for the assets that you are responsible for.

• Completing financial reviews at month end for turnover rents on the P&L and accruals on the balance sheet.

• Completing quarterly financial reporting requirements such as turnover income analysis.

• Collate and prepare quarterly non-financial reporting requirements including turnover lettings for inclusion in the monthly Retail Management Accounts.

• Dealing with queries regarding turnover rent from commercial and management accountants, billings and credit control teams, portfolio teams as well as tenants.

• Organise, attend and lead regular internal meetings with key portfolio team members.

• Reconciling key turnover rent accounts monthly, from a tenant and group perspective.

• Assist in implementing process improvements with regards to internal reporting around turnover rents. 

• Preparing deliverables required at half year and year end in relation to turnover reporting, such as information for valuation and audit purposes and combined portfolio analysis.

• Preparing deliverables required at half year and year end in relation to turnover reporting, such as information for valuation and audit purposes and combined portfolio analysis.

• Coaching and developing new team members to ensure they understand and can complete their roles in an effective manner.

• Assisting in other accounting work as required in conjunction with other Finance departments such as the Group Annual and Half-Yearly Reports.

• Undertaking ad-hoc projects and special reviews as required.

• In addition to the responsibilities listed above, the job holder may be required by management from time to time to undertake any other tasks or duties considered to be relevant to the general function of the Financial Accounts Department and the business

Decision making authority

Without reference:

• Posting of monthly journals and impact on group reporting (monthly)

• Billing monthly and quarterly turnover rents

With reference:

• Liaison with tenants and asset managers to ensure turnover rents are recorded and billed accurately and on a timely basis

Key competencies

Essential

• Tenacity/ drive for results - able to work under pressure and deliver to timetable

• Problem solving - able to initiate and implement changes to improve processes in terms of efficiency and/or quality

• Accountability and ownership - ability to manage own work flow and show initiative

• Relationship building - ability to build relationships across the business

Knowledge, experience and qualifications

Essential

• Part Qualified / Studying towards Accountancy qualification (ACA, CIMA, ACCA, etc)

• Highly numerate with good accounting and reporting skills

• Good problem-solving abilities

• Attention to detail

• Strong Excel skills

Desirable

• Knowledge of leases and the property sector

• Management accounting/commercial accounting experience

• An understanding of accounting for rent and the concept of turnover rent

• Broad knowledge of Turnover or sales

At Landsec, we value diversity & inclusion. We work to better reflect the diversity of the communities we work within and empower everyone who works at Landsec to realise their potential.

We strive to ensure all our information, and services are accessible to and usable by everyone. If you would like to receive any information in a different way or would like us to do anything differently to help you apply for our roles, please get in touch with our recruitment partners by emailing [email protected]

To find out more about our approach, visit our Diversity and Inclusion page.