Senior Commissions Accountant

Summary

Join Stream Realty Partners as a Senior Commissions Accountant and oversee the accurate calculation, recording, and reconciliation of commission payments for brokerage teams. You will process commission-based compensation, ensuring compliance with agreements and providing financial insights. This role demands strong accounting knowledge, proficiency in financial systems, and the ability to manage high volumes of data. You will collaborate with brokers and the finance department to ensure smooth operations and prepare regular commission reports. Stream offers a competitive compensation package and a collaborative team environment.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field
• 5+ years of experience in accounting, preferably in commission-based accounting or compensation management
• Experience working with payroll systems, commission structures, and financial reporting
• Experience with commission calculation software, or commission automation tools
• Experience working with incentive-based pay structures and following tax guidelines
• Strong proficiency in Excel and accounting software (e.g., Workday, SAP, NetSuite, CoStar, REApps)
• Excellent analytical skills with a strong attention to detail
• Ability to manage large sets of data and perform accurate reconciliations
• Effective communication skills and ability to work in a fast-paced team-oriented environment
• CPA or relevant accounting certifications
• High level of integrity and trustworthiness
• Strong problem-solving and decision-making skills
• Ability to work under pressure and meet tight deadlines

Responsibilities

• Accurately calculate and process commission payments based on individual broker agreements for various types of real estate service transactions
• Process commission payments for agents ensuring timely and accurate distribution of funds
• Handle commission adjustments for refunds, co-broker splits, or special agreements such as payment/recoveries of loans and draws
• Maintain and update commission-related financial records and databases
• Maintain thorough records of all commission calculations, adjustments, and payments
• Ensure all commission-related documents are properly filed and stored
• Ensure proper supporting documentation is kept for proper recordkeeping and auditing purposes
• Reconcile commission reports with brokerage transactions and ensure accuracy
• Ensure commission payments comply with internal brokerage policies, contractual agreements, state regulations, and tax requirements
• Monitor and update commission structures based on contractual changes or new agreements
• Prepare monthly, quarterly, and annual commission reports for brokers, management, and other department colleagues
• Assist in auditing commission payments and resolving discrepancies promptly
• Assist in preparing month-end accrued commission expenses for open receivables and unbilled revenue
• Support the finance team with the reconciliation of general ledger accounts related to commissions and loan and draw balances
• Liaise with brokers to answer commission-related inquiries and resolve discrepancies
• Coordinate with the finance department, transaction coordinators, and brokers to ensure smooth commission operations

Benefits

• Competitive salaries
• Bonuses
• Medical/dental/vision insurance
• Pharmacy benefits
• Health savings account
• Flexible spending accounts
• 401(k) plan with company matching
• PTO
• Holiday pay