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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.

About Us

Berkshire Hathaway PenFed Realty, LLC is a full-service real estate brokerage firm with over 60 offices and 1,700 world-class sales professionals, offering complete service coverage in Virginia, Maryland, District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas markets. Founded in 2006, we are a wholly owned subsidiary of one of the country’s largest and most financially stable credit unions, PenFed. We are also one of the largest franchisees within the Berkshire Hathaway Home Services network. The Berkshire Hathaway HomeServices network stands among only a few organizations entrusted to use the storied Berkshire Hathaway name, a name representing strength, integrity, trust and universal respect. PenFed’s products, pricing, and financial stability coupled with the Berkshire Hathaway brand creates a powerful combination for growth within the residential real estate arena. With growth of over 900% in the past 5 years, PenFed Realty is recognized as one of the fastest growing real estate brokerage firms in the country. Our mission is to recruit, retain, and support the most knowledgeable real estate agents in the industry so that we may ensure a smooth and hassle free home buying experience. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match and more. Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.

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