Accounting Manager, Title & Escrow
At Compass, we envision a world where the experience of selling or buying a home is simple and pleasant for everyone. Founded in 2012, Compass provides an end-to-end platform that empowers residential real estate agents to deliver exceptional service to their seller and buyer clients, all in service of our mission to help everyone find their place in the world.
We are looking for a Title & Escrow Accounting Manager to join our Controllership Group. The individual will report to the T&E Controller and will work with the various T&E subsidiaries across the organization. This position will be primarily responsible for managing the day-to-day aspects of title and escrow trust accounts, including handling deposits and remittances to underwriters and other parties, verifying revenue recognition as per US GAAP, investigating account discrepancies, reconciling accounts and managing the related customer service aspects. Additionally, the individual will help build processes around title and escrow to improve efficiency and internal control within the function. The ideal candidate is someone who loves challenging opportunities and thrives in a dynamic environment with strict deadlines on a consistent basis.
At Compass You Will:
- Own the accounting function for various T&E subsidiaries and collaborate with the local teams
- Oversee and own the daily reconciliation of funds received in the trust accounts
- Review the daily maintenance of title and escrow activities, including funds management (incoming and outgoing), and resolution of account discrepancies
- Ensure proper and consistent application of revenue recognition across entities as per US GAAP
- Maintain monthly balance sheet account reconciliations, including bank reconciliations for trust accounts
- Review the month-end close process in accordance with US GAAP
- Responsible for the upload and reconciliation of the monthly financial results into the Global ERP system
- Assist the T&E Controller with the monthly reporting package as well as with budgeting support
- Collaborate with the T&E finance teams regarding internal reporting and other requests
- Ensure local compliance rules are adhered to in the various markets
- Provide excellent customer service by proactively managing escalated issues and bringing them to resolution
- Assist with the resolution of account discrepancies by collaborating with the internal teams, with underwriters, as well as with escrow and title officers
- Assist with building and maintaining a system of policies and procedures that impose an adequate level of control over title and escrow activities across various markets
- Coordinate various state audits as well as underwriter audits related to the trust accounts
- Coordinate with external auditors regarding the financial audit as well as controls testing
- Collaborate with the internal controls team on establishing and maintaining controls
- Other duties and ad-hoc projects as assigned
What We're Looking For:
- Bachelor’s Degree required, preferably in accounting
- Certified Public Accountant (CPA), strongly preferred
- 5-10 years of progressive accounting experience, with 3 or more years of supervisory experience
- 3+ years of title and escrow experience, required
- Experience working with various accounting systems, a plus
- Experience working in large businesses across multiple geographical entities, preferred
- Advanced knowledge of US GAAP coupled with exceptional planning and organization skills
- Strong interpersonal skills for interacting with cross functional teams
- Strong communication and organizational skills as well as impeccable attention to details
- Ability to multi-task and handle several deadlines simultaneously
- Strong analysis, problem solving and decision-making skills
- Advanced excel skills, required
- Experience with QuickBooks, Rynoh, SoftPro, Simplifile or RamQuest, a plus
Do your best work, be your authentic self.
At Compass, we believe that everyone deserves to find their place in the world — a place where they feel like they belong, where they can be their authentic selves, where they can thrive. Our collaborative, energetic culture is grounded in our Compass Entrepreneurship Principles and our commitment to diversity, equity, inclusion, growth and mobility. As an equal opportunity employer, we offer competitive compensation packages, robust benefits and professional growth opportunities aimed at helping to improve our employees' lives and careers.