Sr. Transactions Accountant, Development Division (Real Estate)

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.