Sr. Transactions Accountant, Development Division (Real Estate)

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.