Sr Escrow Accounting Specialist

Long & Foster Real Estate - Fairfax, VA

Full-time

Fairfax, VA

Real Estate

About the position

Perform a range of accounting duties and provide support for the Escrow or Property Management Accounting Department. Perform data entry of specialized information, maintenance and preparation of reports and a variety of accounting activities to be performed in accordance with company practices and procedures. Interact with other departments, customers, or outside vendors/agencies to resolve problems.

Responsibilities

• Perform a variety of accounting tasks and meet or exceed the service level agreement requirements.
• Enter accounting data, maintain records, and generate reports.
• Initiate ACH and wire transfers. Responsible for validating wire requests for propriety, preparing payment files on bank website, and processing wire transfers within defined timeframe.
• May prepare related journal entries and reconcile accounts. Validate deposits, balance files, and generate checks upon request.
• Analyze, follow-up and coordinate efforts for outstanding escrow checks including cancellation and reissuance of checks or preparation for escheatment.
• May process and administer billing and accounts receivable.
• Investigate and resolve account and file/property balance discrepancies.
• Perform daily cash management functions including daily deposits, initiate and confirm wire activity, analyze cash position, move cash between escrow ledgers, and record transactions to escrow files.
• Respond to information requests on a timely basis.
• Obtain back up documentation for tenants, properties and leases and follow up for missing information.
• Update property management systems as required.
• Record rental receipts, notifying property and rental managers of unpaid rents.
• Pay owner disbursements, manage property vendor invoices and release of security deposits. Ensure security deposit releases are compliant with policy.
• Process disbursements of other fees and coordinate with appropriate parties.
• Generate reports and calculate commissions for property managers.
• Notify property and rental managers of any cash shortfalls for vendor invoices.
• Generate and retain all related reports.
• May prepare Sales & Tourist tax reporting and filing with the state.
• Perform any additional responsibilities as requested or assigned.

Requirements

• Associate degree in accounting, finance or general business or equivalent knowledge and experience.
• 5 to 8 years' accounting experience. Related industry or banking experience preferred.
• Effective verbal and written communication skills.
• Strong calculator and computer skills with Microsoft Office including Excel; data entry proficiency and working knowledge of accounting software accounting programs.
• Ability to calculate figures and amounts such as discounts and interest.
• Effective interpersonal skills, a customer-service focus.
• Ability to work as a member in a team-oriented environment.
• Ability to prioritize and handle multiple tasks and projects concurrently.
• Effective analytical and problem-solving skills.
• Attention to detail and ability to meet deadlines.