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Director of Accounting Operations

Company: Marcus and Millichap
Location: Calabasas
Posted on: June 12, 2021

Job Description:

Marcus & Millichap Inc, the nation's largest real estate investment brokerage company (80+ offices nationally), is looking to hire a highly motivated individual to join our Accounting department.

The "Director of Accounting Operations" will be part of the accounting department team and will play a vital role in the day-to-day management of all agent-related accounting, contract administration and accounts payable and includes several direct reports. This position reports to the VP, Operations Controller, located in our Calabasas, CA headquarters office.

Agent-Related Accounting Responsibilities:

  • Monitor and calculate deferred commissions (VPI) and reconciliations on a monthly basis
  • Monitor and calculate commission bonus payments reconciliations and journal entries
  • Monitor and review forgivable loans reconciliations and journal entries
  • Monitor and review all agent-related receivables and billings
  • Review marketing support allowance
  • Review CECL allowance reserve

Contract Administration Responsibilities:

  • Oversee contract administration process and daily activities of the contract administrator

Revenue Responsibilities:

  • Collaborate with and support the activities of the revenue group
  • Review revenue related reconciliations and journal entries
  • Review independent contractor agents' 1099s annually

General Responsibilities:

  • Support monthly close process
  • Ensure all operational areas of responsibility are in compliance with SOX
  • Correspond with agents, office managers and legal department to monitor, resolve and minimize delinquent agent-related receivables
  • Provide guidance and support to streamline business processes
  • Participate in special projects and provide ad hoc support as needed
  • Manage audit support requests from external auditors for SOX and substantive audit procedures

Accounts Payable Responsibilities:

  • Potentially oversee the day-to-day activities of the accounts payable group, which has responsibility for all agent and vendor payments

Education & Experience Required:

  • Bachelor's Degree required in Accounting, Finance, Business Administration or a similar field
  • Must be a Certified Public Accountant
  • 6-9 years of relevant professional experience including public accounting (Big 4 preferred)
  • Experience working in a high volume, transaction-oriented environment
  • Experience in scaling operations, process improvements and systems implementations
  • Experience with evaluating complex contractual agreements
  • Proficient with Microsoft Office (excellent excel skills a must) and ability to work in a flexible and fast paced environment

General Requirements:

  • Strong organizational and time management skills
  • Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills
  • Strong focus on "customer-first" customer service
  • High accuracy and detail orientation
  • Ability to "roll up your sleeves" and perform accounting duties as needed
  • Flexibility regarding role profile and willingness to take on new projects and learn new skills
  • Good judgment in terms of escalating issues vs. solving problems independently
  • Ability to mentor accounting professionals
  • Possess problem solving and analytical skills
  • Must be a team player with ability to prioritize and work on multiple projects

Our mission is to help our clients create and preserve wealth by providing the best real estate investment sales, financing, research, and advisory services available.

Founded in 1971, Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focusing exclusively on investment sales, financing, research, and advisory services, with nearly 2,100 investment sales and financing professionals in 80+ offices throughout the United States and Canada.

Marcus & Millichap closes 4.5 transactions every business hour - more than any other real estate investment brokerage firm in the nation. In 2020, the firm closed 8,954 transactions with a sales volume of approximately $43.4 billion.

The firm has perfected a powerful property marketing system that integrates broker specialization by property type and market area; the industry's most comprehensive investment research; a long-standing culture of information sharing; relationships with the largest pool of qualified investors; and state-of-the-art technology that matches buyers and sellers.

Marcus & Millichap provides equal employment opportunities to all employees and applicants for employment without discrimination with regard to race, religious belief (including dress or grooming practices), color, sex, sex stereotype, pregnancy, childbirth or related medical conditions (including breast feeding), age, national origin, ancestry, sexual orientation, gender identification and expression, transgender status, physical or mental disability, medical condition, genetic characteristics, genetic information, family care, marital status, enrollment in any public assistance program, status as military, a veteran or qualified disabled veteran, status as an unpaid intern or volunteer, or any other classification protected by law. We also prohibit discrimination based on the perception that anyone has any of those characteristics, or is associated with a person who has or is perceived as having any of those characteristics. In addition to federal law requirements, Marcus & Millichap complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Keywords: Marcus and Millichap, Los Angeles , Director of Accounting Operations, Other , Calabasas, California

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