Deal Closing Administrator
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Job Description
Deal Closing Administrator ensuring timely commission payments and managing transactions for myAbode. Collaborating closely with agents and brokerages in the real estate sector.
Responsibilities:
- Record and manage incoming commission payments, EFTs, and wire transfers
- Prepare and issue Back to Vendor (BV), Return of Deposit (RTD), garnishment, and commission cheques and EFTs
- Process incoming trust direct deposits and wire transfers, and issue receipts to agents as required
- Follow up on closing confirmations and help facilitate the closure of trades
- Be the point of contact for agents, co-op brokerages, and lawyers calling and emailing about payment status
- Partner closely with the Deal Administrator team to make sure agents and co-op brokerages are paid promptly
- Verify and print final trade sheets for accuracy before final filing
- Pitch in on whatever else the team needs to keep deals moving
Requirements:
- Experience in real estate trust accounting, brokerage administration, or a similar finance/admin role
- Comfort with the mechanics of commission payments, trust deposits, and cheque/EFT processing
- Strong attention to detail, you catch the things other people miss
- The ability to juggle multiple deals at different stages without dropping any of them
- Familiarity with RECO, REBBA, and Ontario brokerage trust requirements is a plus
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