Associate,Accounts Receivable

About the Company

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world.

About the Role

Under direct supervision, responsible for executing accurate and timely transactions related to tenant Accounts Receivable, maintaining documentation that adequately supports those transactions, and communicating with the appropriate parties or organizations to ensure accounts are kept current.

Benefits of working in Real Estate Accounting for Newmark include flexible work arrangements, including a hybrid work schedule, annual department-wide morale/recognition events, team-building activities, and a comprehensive benefits package.

Responsibilities

• Interact with Property Management teams to ensure tenant adjustments and cash receipts are complete and accurate.
• Enter beginning AR balances for new transitions in the accounting system.
• Review bank details, enter, and post cash receipts.
• Perform cash reconciliations and prepare monthly tenant statements.
• Research tenant charges and payment applications.
• May perform other duties as assigned.

Requirements

• 1-3 years of Accounts Receivable experience.
• Proficient in Microsoft Office Suite applications, including Microsoft Excel and Outlook.
• Experience with MRI, Yardi, SAP, or Oracle preferred.
• Fluent in English.

Skills

• Works effectively in a team environment through collaboration and partnership.
• Customer service-oriented with an aspiration to succeed with the client in mind.
• Ability to analyze and solve problems effectively by offering solutions to resolve issues.
• Ability to review and enter data accurately.

Working Conditions

Normal working conditions with the absence of disagreeable elements.