Sr. Transactions Accountant, Development Division (Real Estate)
One Sothebys Realty
2024-10-04 13:53:24
Miami,
Florida,
United States
Job type: fulltime
Job industry: Accounting
Job description
ONE Sotheby's International Realty is the premier source for luxury real estate and development opportunities along Florida's East Coast, with 30 offices spanning from Miami and Key Biscayne to Vero Beach and Jacksonville. For more than 250 years, the Sotheby's name has exemplified the promise of a life well lived, and ONE Sotheby's International Realty's direct affiliation with Sotheby's and Sotheby's International Realty has offered the company unparalleled, global reach with a network of more than 26,000 associates in more than 81 countries and territories with more than 1,000+ offices.
The firm's Development Division is a leader in luxury pre-construction sales and marketing, offering an insider perspective and superior market intelligence to help partners navigate the unique real estate landscape from pre-acquisition to sellout. The Development Division represents some of Florida's most iconic new developments and renowned brands worldwide, providing an unparalleled level of service and proven results for its clients.
We are looking for a 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
Reporting To: Director, Treasury & Banking Operations
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 Vacation 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.