Job details

Sr. Transactions Accountant, Development Division (Real Estate)

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

§ Bachelor’s Degree in Accounting, Finance, Business, or related field