Senior Commissions Accountant

POSITION OVERVIEWDetail-oriented and analytical, the Senior Commissions Accountant will manage and oversee the accurate calculation, recording, and reconciliation of commission payments. This role will be responsible for processing commission-based compensation for brokerage teams, ensuring compliance with commission agreements, and providing financial insights regarding commission trends. This role requires strong accounting knowledge, proficiency in financial systems, and the ability to manage high volumes of data accurately.RESPONSIBILITIESCommission Calculation & ProcessingAccurately 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.Recordkeeping & DocumentationMaintain 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.Compliance & ReportingEnsure 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.Collaboration & CommunicationLiaise with brokers to answer commission-related inquiries and resolve discrepancies.Coordinate with the finance department, transaction coordinators, and brokers to ensure smooth commission operations.