Commissions & General Accounting Specialist
US-VA-Alexandria
Realty (External)
Req #: 10758
Type: Full-Time
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Overview: Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members "do better." Joining PenFed is more than being an employee; it's about being a part of the PenFed family. Berkshire Hathaway HomeServices PenFed Realty (PenFed Realty), a wholly owned subsidiary of PenFed Credit Union (PenFed), is hiring a (Hybrid) Commissions & General Accounting Specialist at our Alexandria, Virgina service center. The primary purpose of this job is to participate in all activities associated with Commissions, Accounts Payable/Receivable processing and related general accounting work such as bank account and general ledger account reconciliations, accounts payable processing, bank account reconciliations, inventory accounting (including booking tasks associated with properties owned by institutional investors), agent billing, property management accounting and general ledger account reconciliations. Additionally, this role will work on daily recurring activities of the PenFed Realty Accounting team, including receiving commission payments, paying outside brokers when applicable, paying PFR agents their portion of the commission based on their independent contractor agreement, reviewing transactions data for accuracy, and ensuring all transactions documents are received and archived with the transactions. This position will also serve as a subject matter expert for commissions processing. Responsibilities: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. * Participate in the completion of the department's workload as they relate to commissions and AR processing with general supervision from the CFO, PenFed Realty. Those areas of responsibility may include the following and is not intended to be a complete list: * Commissions Processing * Recording commissions receipts to transactions' subledgers * Reviewing commissions ready to pay for required documents and complete accuracy. * Communicate required corrections to the submitting office. * Paying outside brokers referrals from PFR's commissions * Paying Agents their net commissions * "Falling Through" transactions that do not close * Answering offices' questions about prior transactions & transactions in process * Paying agent bonuses and contract work * Following up with offices on transactions past their settlement dates * Assist with other departmental recurring tasks and participate in the completion of those tasks as directed by management in order to maximize team efficiency and promote departmental cross training. Those other areas of responsibility may include the following and is not intended to be a complete list: * Agent billing * Charging Agents * Collecting payments from credit cards, checks and transactions deductions * Processing "mass charges" weekly to collect outstanding billing from credit cards processing * Operating Accounts payable and accounts receivable * Review vendor invoices for accurate coding and approvals * Pay vendors * Post vendor receipts * Respond to vendor inquiries * Inventory Accounting * Pay vendors who perform work on properties owned by institutional investors * Collect payments for those payments when transactions close * Cash accounts reconciliations * Other general ledger accounts reconciliations * Transactions records maintenance * Tax calculations and payments to various taxing authorities * 1099 tax slip calculations and preparations * Property Management bookkeeping and accounting * ACH batch payments processing, Positive Pay file processing, 'stop payments' requests and other various tasks associated with actions taken on Truist Bank website. * Assist with planning and implementing workflow process changes as PFR's business evolves and to continually refine our workflows to achieve maximum efficiency and service levels to our agents and other team members. Qualifications: Equivalent combination of education and experience is considered. * Associates Degree in Business field preferred or a combination of job experience in the areas of real estate, accounting and or finance as well as the necessary skills and knowledge to satisfactorily perform the essential functions of the position. * Minimum of two (2) years in related work experience required in a professional business environment, with real estate experience preferred. * Proficiency with Microsoft Office based programs required. * Advanced Excel skills including, but not limited to Pivot Tables. Supervisory Responsibility This position will not supervise employees. Licenses and Certifications There are no additional licenses and/or certifications required for this position. Work Environment Currently this position is performed remotely. That status will be evaluated periodically. Travel Limited travel to various worksites may be required.
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