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
• Commissions
• Draws
• Marketing Fees
• 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.