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 Earners.
The ideal candidate is a highly organized and detail-oriented professional with a strong customer-focused approach. They excel at problem-solving, are skilled in analyzing large data sets, and have proven experience reviewing and interpreting complex contracts, leases, and commission agreements. This role requires the ability to manage and prioritize a high-volume workload while maintaining accuracy. Success depends on strong collaboration with cross-functional teams and a proactive, solution-oriented mindset when addressing challenges.
Job Description
Transaction Revenue Review
Complete review of Advisory transactions and adjustments with designated threshold verifying:
All required documentation is present, current, and fully executed
Commissions are accurately calculated, input, and reflected in the system
Payment terms are captured properly
Splits are accurately reflected including Outside Brokers and Client Fee Share, if applicable
Deals are processed in accordance with ASC 606 Revenue Recognition Guidelines, in addition to month-end and year-end deal entry deadlines
All expenses associated with the transaction are being recovered (related to OTT, OTB and DFC)
Request recall, reject, or approve upon review of the transaction
Track and collaborate with the submitter to address all recalled or rejected transactions
Collaboration may include future coaching sessions, group training, targeted guidance on specific areas to update within the transaction, etc.
Address any transactions rejected by the Revenue Recognition team
Meet all KPIs and SLAs related to transaction processing (includes accuracy and production targets)
Initiate 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 transaction
Take a proactive and creative approach to problem-solve issues or challenges and provide input for issue improvements, issue resolution or escalations
Use tech-enabled functionality within the Deal Management system (Engage/Salesforce) to organize, track and manage the daily transaction review process
Receivables Analysis & Collections Support
Proactively review and monitor aged receivables in accordance with current policies and processes.
Partner with Advisory Brokers and Market Leadership to determine and coordinate action on aged receivables
Collaborate with cross-functional teams (i.e. Legal, Revenue Recognition, Accounts Receivable) to verify collectability and issue demand letters
Determine any significantly aged items that need to be escalated to Local or Regional Leadership to be addressed
Write-off outstanding receivables with approval from necessary parties and in accordance with bad debt policy
Help identify trends or themes that can be addressed through process improvement and/or training to decrease the time to collection and/or bad debt
Process commission payments received providing cash application instructions to Accounts Receivable
Research, apply, and document unapplied cash in the system
Resolve commission payment misapplications
Initiate 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 feedback
Ad hoc Client Fee Share support
Reporting
Administer, develop and enhance reports
Special Projects
UAT Testing
M&A efforts
Participate in additional special projects, where necessary
Other Duties as Assigned
Systems
Salesforce/Engage
Power BI
Workday
JP Morgan Chase Banking/Receivables Edge
MS Office Suite
Other systems as needed or developed
Requirements
Bachelor's degree in business, finance, accounting, or related field preferred
3+ years of experience in deal management, accounting, finance, commercial real estate, or a comparable combination of education and experience
Basic to Intermediate Excel skills
Basic knowledge of commercial real estate preferred
Proficiency in Workday, Salesforce & PowerBI
Strong organizational and time management skills
High attention to detail and accuracy
Self-motivated, proactive, and results-driven with a strong sense of ownership
Demonstrated commitment to delivering exceptional internal and external customer service
Excellent interpersonal skills with a flexible, team-oriented mindset
Strong verbal and written communication skills with a highly responsive approach
Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job @type, business line, and applicability of collective bargaining agreements.
The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate's experience and qualifications.
The company will not pay less than minimum wage for this role.
The compensation for the position is: $ 68,000.00 - $80,000.00
Cushman & Wakefield is an Equal Opportunity employer to all protected groups, including protected veterans and individuals with disabilities. Discrimination of any @type will not be tolerated.
In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or email Accommodations@cushwake.com . Please refer to the job title and job location when you contact us.
INCO: "Cushman & Wakefield"
