Job Title

Transaction Accountant

Job Description Summary

The Deal Management team provides a seamless experience to the brokerage community within Cushman & Wakefield’s Advisory business, primarily focused on the post-close transaction process. The Transaction Accountant role will specialize and focus on the transactional accounting aspects within the Deal Management workflow and will partner closely with the internal Corporate Controllership, Regional Operations, Deal Desk team, Market Operations and Advisory Fee Earner.

The ideal candidate is an organized, detail-oriented professional with a strong customer-centric mindset. The ideal candidate excels at problem-solving, is comfortable analyzing large data sets, and has experience reviewing and interpreting complex contracts, leases, and commission agreements. The candidate will prioritize and maintain organization of a high-volume workload. Success in this role requires the ability to collaborate effectively with cross-functional teams, maintaining a solution-driven approach when faced with challenges.

Job Description

Transaction Revenue Review

Complete review of all Advisory transactions and adjustments with designated threshold verifying:All required documentation is present, current, and fully executedCommissions are accurately calculated, input, and reflected in the systemPayment terms are captured properlyOutside Brokers, Client Fee Share and internal splits are accurately reflected where applicableDeals are processed in accordance with ASC 606 Revenue Recognition Guidelines, in addition to month-end and year-end deal entry deadlinesAll expenses associated with the transaction are being recovered (related to OTT, OTB and DFC)Record and manage lease contingencies, commission billing and payment due datesRequest recall, reject or approve upon review of the transactionTrack and collaborate with the submitter to address all recalled or rejected transactionsCollaboration may include future coaching session, group training, targeted guidance on specific areas to update within the transaction, etc…Address any transactions rejected by the Revenue Recognition teamMeet all KPIs and SLAs related to transaction processing (includes accuracy and production targets)Initiate Fee Earner transaction adjustments as necessary in Salesforce (i.e. Post/Pre Cash, Net Override or Special Handling)Provide Deal Management consulting to colleagues in Deal Desk, Advisory Fee Earners, Admins/Coordinators, and local/regional Leadership by answering questions related to required deal documentation and revenue recognition at either the pre or post close phase of the transactionTake a proactive and creative approach to problem-solve issues or challenges and provide input for issue improvements, issue resolution or escalationsUse tech-enabled functionality within the Deal Management system (Engage/Salesforce) to organize, track and manage the daily transaction review process

FINTRAC Compliance

FINTRAC collaboration with broker teams to collect necessary documentation and run watchdog reporting to ensure compliance with regulatory requirements

Receivables Analysis & Management

Proactively review and monitor aged receivables in accordance with the current policies and processes.Trust DepositProcess commission payments received and provide cash application instructions to the FSCOwnership of researching, applying, and documenting unapplied cash in the systemPartner monthly with Advisory brokers and market leadership to determine and coordinate action on aged receivablesReview outstanding AR against Unapplied CashResolve commission payment misapplicationsCollaborate with cross-functional teams (i.e. Legal, Revenue Recognition, Accounts Receivable) to verify collectability and issue demand lettersDetermine any significantly aged items that need to be escalated to local or regional leadership to be addressedWrite-off outstanding receivables with approval from necessary parties and in accordance with bad debt policyHelp identify trends or themes that can be addressed through process improvement and/or training to decrease the time to collection and/or bad debtInitiate refunds, stop/void/reissue of payment

Transaction Inquiries & Coaching

Support Advisory brokers and/or market operations on commission related questions (i.e. payment inquiries: overpayment, underpayment, deductions, transaction detail & account balances)Provide coaching on the revenue recognition process to peers and colleagues in Deal Management, Fee Earners and Market Operations; Providing guidance and best practice feedbackAd hoc Client Fee Share support

Reporting

Administer, develop and enhance reports

Special Projects

UAT TestingM&A effortsParticipate in additional special projects, where necessary

Other Duties As Assigned

Systems

Salesforce/EngagePower BIVendor PortalWorkdayBMO/TD BankMS Office SuiteOther systems as needed or developed

Requirements

Bachelor's Degree3+ years relevant accounting or financial experience preferred or any similar combination of education and experienceBasic to Intermediate knowledge of ExcelBasic knowledge of commercial real estate preferredProficient knowledge of Workday, Salesforce & PowerBIEffective and efficient time management skillsDetail oriented and thoroughProactive, task-oriented, self-starterProven record of providing excellent internal and external customer serviceExcellent interpersonal skills with high initiative, flexibility, and team approach to workExcellent verbal and written communication skills, highly responsive to requests

Bilingual (French/English) Language

Fluent in both French and English, capable of switching between languages seamlessly in both verbal and written communication as well as being skilled in reading, writing, and understanding French to accurately interpret documents, respond to clients, and facilitate communication with French-speaking internal and external stakeholders.

The compensation for the position is: $63,750.00 - $75,000.00

Cushman & Wakefield is committed to equity in employment and our goal is to have a diverse, inclusive, and barrier-free workplace. If you are a person with a disability and need the job posting in an alternative format or any other accessible accommodations during the hiring process, please email your request to canadarecruitment@cushwake.com. Please refer to the job title and job location when you contact us.

Cushman & Wakefield s’engage à respecter l’équité en matière d’emploi. Notre objectif est d’offrir un milieu de travail diversifié, inclusif et exempt d’obstacles. Si vous êtes une personne handicapée et que vous avez besoin de recevoir l’offre d’emploi dans un autre format ou d’accéder à toute autre mesure d’adaptation au cours du processus d’embauche, veuillez soumettre votre demande par courriel à canadarecruitment@cushwake.com. Veuillez mentionner le titre de poste et le lieu de travail au moment de communiquer avec nous.

INCO: “Cushman & Wakefield”