Accounts Receivable Specialist

Job Description

Associate, Accounts Receivable | Newmark

The Tone:
This is a full-time role at Newmark, offering a hybrid work schedule. Newmark Group, Inc. is a world leader in commercial real estate, powering every phase of the property lifecycle for clients ranging from owners to occupiers, investors to founders, and startups to blue-chip companies. With approximately 7,600 professionals globally and revenues of about $2.5 billion in 2023, Newmark provides comprehensive services tailored to each client. This role is crucial for executing accurate and timely financial transactions related to tenant Accounts Receivable, maintaining precise documentation, and ensuring accounts are kept current by communicating with appropriate parties, thereby supporting Newmark’s superior service delivery.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid

• Mission: To accurately and timely execute transactions related to tenant Accounts Receivable, maintain adequate supporting documentation, and ensure accounts remain current through effective communication.
• Tech Stack: Microsoft Excel, Microsoft Outlook, MRI, Yardi, SAP, Oracle

What You’ll Actually Do
• Collaborate: Interact with Property Management teams to ensure tenant adjustments and cash receipts are complete and accurate.
• Enter: Input beginning Accounts Receivable balances for new transitions into the accounting system.
• Process: Review bank details, then accurately enter and post cash receipts.
• Reconcile: Perform cash reconciliations and prepare monthly tenant statements.
• Research: Investigate tenant charges and payment applications to resolve discrepancies.

The Must-Haves
• Background: Entry-Level. Requires foundational understanding and capability for executing accurate and timely financial transactions related to tenant Accounts Receivable.
• Experience: No specific years of experience are required, though the role involves maintaining financial documentation and processing various tenant account transactions.
• Skills: Proficient in Microsoft Excel and Outlook. Demonstrates strong data entry accuracy and effective problem-solving abilities. Works collaboratively in a team environment with a customer service orientation and is fluent in English.
• Bonus: Prior experience with real estate accounting systems such as MRI, Yardi, SAP, or Oracle.