Sr. Transactions Accountant, Development Division (Real Estate)

Employer
ONE Sotheby's International Realty
Location
Miami, Florida
Salary
Competitive
Posted
Nov 04, 2024
Closes
Nov 12, 2024
Ref
2844193857
Role Type
Accountant, Manager
Role Level
Senior
Education Level
Bachelor's Degree
Work Mode
Hybrid
Employment Type
Contract
Organization Type
Corporate
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

MDLV, LLC dba ONE Sotheby's International Realty is an Equal Opportunity Employer; participates in E-Verify and conducts background checks.