Escrow Accounting Specialist

Long & Foster Companies

full-time

Posted on:

Location Type: Remote

Location: Virginia • United States

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Salary

💰 $25 - $27 per hour

About the role

  • 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
  • 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
  • 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 inquiries and 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, managed 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

Requirements

  • Associate degree in accounting, finance or general business or equivalent knowledge and experience
  • 2 to 5 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 hand multiple tasks and projects concurrently
  • Effective analytical and problem-solving skills
  • Attention to detail and ability to meet deadlines
Benefits
  • Medical
  • Health Savings Account
  • Dental
  • Vision
  • Life Insurance
  • Paid Vacation (PTO)
  • 401(k) with employer match
  • Flexible Spending Account
  • Employee Assistance Program (EAP)
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
accountingdata entryjournal entriesreconciliationACH transferswire transfersbillingaccounts receivablecash managementtax reporting
Soft Skills
communicationinterpersonal skillscustomer serviceteamworkprioritizationmultitaskinganalytical skillsproblem-solvingattention to detaildeadline management
Certifications
Associate degree in accountingAssociate degree in financeAssociate degree in general business