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

§ 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

- 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.