Job Description
Financial Management & Reporting:
- Prepare, examine, and analyze financial statements, including balance sheets, income statements, and cash flow reports.
- Maintain accurate financial records for all transactions related to real estate sales, leasing, and property management.
- Monitor cash flow, revenue streams, and expenses for various properties and projects.
- Provide monthly, quarterly, and yearly financial reports to the management team.
Accounts Payable & Receivable:
- Oversee accounts payable and receivable processes, ensuring timely payment of invoices and collection of receivables.
- Process payments for vendors, contractors, and service providers in accordance with company policies.
- Reconcile bank statements and maintain detailed transaction records.
Commission & Payroll Management:
- Calculate and process commissions for real estate agents based on sales and leasing transactions.
- Manage payroll for employees, ensuring accurate
deductions for taxes, benefits, and retirement plans.
Compliance & Auditing:
- Ensure compliance with state and federal tax regulations, as well as local real estate laws.
- Prepare and submit tax filings, including VAT, GST, or other applicable taxes.
- Assist in the preparation of audits and liaise with external auditors for financial reviews.
Client Fund Management:
- Manage escrow accounts and ensure that client funds are handled in accordance with legal and regulatory requirements.
- Track deposits, withdrawals, and ensure the integrity of client funds during real estate transactions.
Liaison with Brokers and Agents:
- Work closely with real estate brokers and agents to resolve commission-related issues and provide financial insights into their transactions.
- Act as a resource for agents regarding financial procedures and tax-related questions.
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RequirementsEducation: Bachelor’s degree in Accounting, Finance, or related field.
Experience: Minimum of 3-5 years of experience in accounting, with prior experience in the real estate or brokerage industry being an advantage.
Certifications: Accounting certification preferred but not mandatory.
Technical Skills: Proficiency in accounting software (e.g., QuickBooks, Yardi, or specialized real estate software) and Microsoft Office Suite (especially Excel).
Knowledge: Strong understanding of real estate transactions, escrow, commissions, and tax regulations relevant to the real estate industry.
Excellent attention to detail and accuracy.
Strong analytical and problem-solving skills.
Ability to manage multiple tasks and deadlines.
Excellent communication and interpersonal skills.
Ability to work collaboratively with different departments.
