Senior Commissions Accountant

Company Description

ABOUT STREAM REALTY PARTNERS

Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. With 215+ million square feet of assignments and more than $5.8 billion in annual transactions, we are one of the fastest-growing, full-service commercial real estate services organizations in the country. We’ve grown from our two original partners to 1,400+ talented individuals that come together to create our distinct culture, best summarized by our firm’s core values: smart, honest, nice, and passionate. More information on the firm is available on the website: www.streamrealty.com. 

IMMEDIATE IMPACT. MEANINGFUL CAREER.

At Stream, we know our success begins and ends with our people. It’s the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client’s needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won’t simply start a new job—you will build a meaningful and impactful career.

Job Description

POSITION OVERVIEW

Detail-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.

RESPONSIBILITIES

Commission Calculation & Processing

• 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.

Recordkeeping & Documentation

• 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.

Compliance & Reporting

• 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.

Collaboration & Communication

• 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.

Qualifications

• 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-