Trade guide
Co-ownership accountant
The business
What is a co-ownership accountant?
Are you sure you want to work in real estate? Are you particularly good at accounting and management? Do you want to put your talents to good use? Starting or continuing your career as a co-ownership accountant is an excellent alternative. But you still need to know what this profession really means.
Its role
As the name suggests, a co-ownership accountant is responsible for keeping and managing all the co-ownership accounts. In this role, you are responsible for handling all the financial aspects of co-ownership files. The main aim is to ensure the proper management of a shared property.
Its field of action
As a co-ownership accountant, you can work for an agency or a specialist firm. You can also offer your services to all kinds of companies where good management of common property is essential, whether in finance or real estate.
The functions
What are the duties of a condominium accountant?
Assume responsibility for all financial aspects of co-ownership.
Manage all financial transactions relating to co-ownership.
Determine the budget required for property maintenance, renovation or acquisition.
Control purchases right through to final payment, taking into account the contribution of each co-owner.
Allocate expenses according to the balance sheet.
Monitoring all operations, both administrative and financial.
Ensuring good relations between co-owners and partners through rigorous management.
Present clear and reliable accounting documents.
Intervene in the event of a dispute to clarify the subject matter.
Qualifications
The qualities and skills needed to be a good condominium accountant
The job of condominium accountant is one of the most difficult in the real estate industry. As a result, you need exceptional qualities and skills to excel in this profession.
Rigour
Indispensable for ensuring that tasks are carried out regularly.
Organisational skills
Allows you to manage daily tasks efficiently.
Sense of detail
Important for precision work.
Management capacity
Necessary for keeping accounts and resolving disputes.
Honesty
Essential for winning the confidence of co-owners.
Management and accounting skills
Compulsory skills for the position.
Knowledge of real estate
Required for condominium accountants.
Knowledge of administrative, tax and legal procedures
Essential for the job.
The benefits
What are the advantages of being a co-ownership accountant?
You have to love the job of condominium accountant to do it. If you do, you’ll certainly find that it’s a rewarding job, as the work you do requires a great deal of trust.
It’s also a job that offers you opportunities for future development. Your daily challenges will push you to go beyond your limits and develop even faster.
Remuneration
Co-ownership accountant: salary and career development
Being a co-ownership accountant is the ideal way to start working in the property industry and gain experience as quickly as possible. The further you progress, the better you’ll be paid.
If, when you start out, you can earn around 28,000 euros a year, you can earn up to 38,000 euros a year, or even more with experience.
If you want to progress, you can start by handling more and more cases and files within the same structure. You could also consider moving up to the position of management controller, chief accountant, or why not become Director of your own property management company?
Up to
38 000€
Salary per year
Training courses
How can I become a condominium accountant?
Our training courses
Since becoming a condominium accountant requires considerable skills and experience, the ideal solution is to follow a sandwich course at a school.
Alternation
To gain the experience you need for the job more quickly, INSEEC gives you the opportunity to follow a sandwich course.
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