Sr. Transactions Accountant, Development Division

5 days ago


Doral, United States One Sothebys Realty Full time

Job Description

Job Description

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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