Sr. Transactions Accountant, Development Division
3 weeks ago
Reporting To: Director, Treasury & Banking Operations
Position Overview
Development Division of a leading luxury real estate company is growing and as a result a new role has been created: Transactions Accountant. This position reports to the Director, Treasury & Banking Operations while working closely with the Director of Sales Operations. Tact and discretion will be essential as the incumbent will liaise between developers and the brokerage.
Responsibilities
Billing – Consolidate Developer Billing Function
· Draws
· Marketing Expenses
· Digital Adverting Fees
· Reimbursable Salaries
· Commissions (to be provided by Sales Operations Coordinator)
Entries – Responsible for entering the following into the system (currently Spark)
· Enter draws paid
· Commissions credits
· Keep balances per Agent (including General Real Estate deals – interface with Transactions Dept.)
· Accounts Receivables
o Commissions
o Draws
o Marketing Fees
o Etc.
Commissions Processing
· Process and reconcile transactions for sales and rental real estate closings.
· Ensure accuracy and timely completion of all sales-related contracts and commission data processing
· Process contracts and closed transactions using a real estate transaction system
· Play a critical role in the day-to-day operations of the company, interacting daily with agents, sales managers, transaction coordinators and the Finance and Accounting team.
· Issue commission payments to sales agents, while tracking referral payments, agent fees, loans, draws and deductions.
· Ensure all commission calculation is correct and within policy, contract with developers and ICA with agents
· Request stop payment on agent commission checks, process corrections and adjustments
· Provide prompt and enthusiastic support to Development Division Leadership, Sales Managers, Agents and Transaction Coordinators in response to inquiries regarding commission payouts, deductions, and commission calculations
· Process changes to agent commission splits; annual review and change in commission tables
Internal Controls – Reimbursements
· Management
· Employees
· Sales Team
· Submit Reimbursement Invoices to Developers (as needed)
Reports
· Provide reporting as needed to various stakeholders.
Other Accounting Functions
· Reconciliate overrides, royalties, etc. (from system)
· Receive checks, etc. + deposit them into the Development Division account
Requirements
§ Bachelor’s Degree in Accounting, Finance, Business, or related field
§ 5+ yrs. of related accounting experience specifically in Residential Development Projects
§ Real estate industry knowledge
§ Strong excel skills/MS Office and proficient in Excel.
§ Impeccable attention to detail and solid customer service attitude desired
§ Ability to learn in-house platforms / systems
§ Ability to meet deadlines in a fast-paced environment
§ Strong quantitative skills desired
Benefits
- Medical, Dental, and Vision.
- 401k
- A generous PTO and Holiday calendar.
- Start-up office environment.
- Growth potential.
- Training and development
Job Type: Full-time
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
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