What are the responsibilities and job description for the Escrow Intern position at Eagle Rock Properties?
Eagle Rock Properties, headquartered in New York, is a full-service real estate firm offering investment management, property management, and construction management services. With a team of over 300 professionals, we specialize in rental apartment communities across the Northeast and Mid-Atlantic regions of the United States. Under the leader of our executives- who have owned and managed properties for more than 30 years, Eagle Rock Properties has emerged as a pioneering force in the industry.
Job Description:
We are seeking a detail-oriented Part Time Escrow Intern to handle the review and return Holding Fees and return Security Deposit held in Escrow following tenant move out. This role ensures compliance with state and local regulations. As an Escrow Intern, you will have the opportunity to gain valuable hands-on experience in the field of accounting and finance. Detailed training will be provided.
Responsibilities:
- Refund tenant holding fee on a daily basis
- Maintain detailed and organized records of all Holding Fee refund transactions
- Reconcile Holding Fee refund transactions weekly and monthly to ensure accuracy
- Investigate and resolve any discrepancies or issued related to Holding Fee refund
- Process tenant security deposit refunds after move-out.
- Keep accurate records of all refund transactions.
- Issue and track refunds or charges in property management or accounting software.
- File and maintain accurate records of move-out reports and refund documentation (physical and/or digital).
- Prepare and review monthly and daily reports
- Ensure timely processing of deposit returns upon move-out
Requirements:
- Strong attention to detail and organization.
- Good communication and basic math skills.
- Comfortable using email, spreadsheets, and property management software.
- Ability to work independently and as part of a team
- Eagerness to learn and adapt to new challenges
- Currently enrolled in College/University majoring in Accounting, Finance or related field OR a recent graduate in a related field.
All resumes will be held in the utmost confidentiality and no current employers will be contacted without permission.
Eagle Rock Management provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics.