Commissions Coordinator

ONE Sothebys International Realty•Miami, FL

2d•Onsite

About The Position

As the Commission Coordinator, you will be an integral member of our dynamic and growing Finance team. Process and reconcile transactions for sales and rental real estate closings. Ensure accuracy and timely completion of all sales-related contract 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, managers, transaction coordinators and the Finance and Accounting team. Generate prompt and required sales and production reports to distribute to regional sales managers. Issue commission payments to sales agents, while tracking referral payments, agent fees, loans and deductions. Ensure all commission calculation is correct and within policy. Request stop payment on agent commission checks; process corrections and adjustments. Provide prompt and enthusiastic support to Office 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. If required, assist with the implementation of a real estate transaction system in Miami and across all markets.

Requirements

BA or BS degree
5+ years of experience, in an accounting or payroll function, commissions or sales environment preferred
Ability to meet deadlines in a fast-paced environment
Strong quantitative skills desired
Proficient in Excel, impeccable attention to detail and solid customer service attitude desired
Prior experience in real estate a plus

Responsibilities

Process and reconcile transactions for sales and rental real estate closings.
Ensure accuracy and timely completion of all sales-related contract and commission data processing.
Process contracts and closed transactions using a real estate transaction system.
Generate prompt and required sales and production reports to distribute to regional sales managers.
Issue commission payments to sales agents, while tracking referral payments, agent fees, loans and deductions.
Ensure all commission calculation is correct and within policy.
Request stop payment on agent commission checks; process corrections and adjustments.
Provide prompt and enthusiastic support to Office 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.
Assist with the implementation of a real estate transaction system in Miami and across all markets.