About the Role:
As a CBRE Senior Finance Manager, you will manage and ownthe accuracy of the books, the speed of billing and the collection of cash fora defined portfolio or business unit, and you will be responsible for producingall output associated with Finance Strategy and Operations for it. This role ispart of the Financial Strategy & Operations function and maintains theaccounting, financial, and reporting policies and controls that support it.
The Senior Finance Manager oversees and approves themonthly close, balance sheet reconciliations and management reporting, andmakes sure every invoice is correct, on time and collected through accountsreceivable (AR). The Senior Finance Manager also drives the annual budgetpreparation, monthly forecasts, strategic planning and standard managementreporting for the portfolio or business unit, and manages special projects.
The Senior Finance Manager leads and develops a team ofanalysts and billing specialists, and partners with operations leaders toexplain results, challenge performance and protect margin. Act as a business partner to the Business UnitDirector to both advise and challenge senior management on contractperformance. Build meaningfulrelationships across multi-stakeholders within CBRE leveraging opportunity toimprove Business Unit profile
What You'll Do:
Accounting andfinancial reporting
‒ Manage the monthly close on the companytimetable, from accruals and journal entries through to final financialstatement packages for clients and management.
‒ Review and approve all monthly journal entries,balance sheet account analyses, the statement of cash flows and supportingschedules.
‒ Approve standard consolidated reporting packsand client financial packages for accuracy and completeness before release.
‒ Prepare the full profit and loss (P&L) withanalysis and commentary, balance sheet extracts and reconciliations, andproject profitability reporting.
‒ Apply cash and accrual accounting fundamentalsconsistently, and resolve open accounting issues before they affect the close.
‒ Respond to questions from management, clientsand auditors on accounting treatment and reporting.
Billing and AR
‒ Own the billing cycle: confirm that everyinvoice is accurate, complies with contract terms, and issues on schedule.
‒ Review billing support, including expensepass-throughs, management fees, funding requests and owner distributions,before invoices release.
‒ Manage AR from invoice to cash: monitor theaging report, drive collections, and escalate disputes and past-due balances toaccount and operations leaders.
‒ Track days sales outstanding (DSO) and agedbalances by client, and report them in the monthly review with a recovery planfor any account that slips.
‒ Review cash application, credit memos, write-offrequests and bad debt reserves, and approve them within delegated authority.
‒ Reconcile the AR subledger to the general ledgereach month and clear reconciling items promptly.
‒ Confirm that revenue recognition and billingmatch contract terms, including cost-plus, fixed-price and guaranteed maximumprice models where they apply.
‒ Resolve client billing queries quickly, with adocumented root cause and a fix that prevents repeats.
Balance sheetintegrity, controls and compliance
‒ Make sure account reconciliations are complete,reviewed and signed off on time.
‒ Operate and evidence Sarbanes-Oxley (SOX)controls, comply with U.S. generally accepted accounting principles (GAAP), andsupport internal and external audits.
‒ Meet CBRE and statutory reporting and governanceobligations.
‒ Maintain the accuracy of data in CBRE enterpriseresource planning (ERP) systems, and use system-generated reports to removemanual processes, journals and workarounds.
‒ Keep desk procedures current for close, billingand AR, and lead the research, development and preparation of accountingpolicies and procedures.
Budgeting,forecasting and planning
‒ Drive the annual budget, monthly forecast,strategic planning and standard management reporting processes for theportfolio or business unit.
‒ Include balance sheet and cash flow plans, withAR collections and billing timing built into the cash forecast.
‒ Explain variances between plan, forecast andactual results, and flag contracts or teams that trend off track.
‒ Produce complex routine and ad hoc financialreports, packages and pro forma analyses for senior management and the planningunit.
‒ Use scenario planning (exit, maintain, grow)tools and models to support decisions on contracts and clients.
‒ Manage special projects and preparepresentations for management.
Businesspartnership and client support
‒ Act as the finance partner to operationsleaders, account leaders and project managers, and advise and challenge them onfinancial performance.
‒ Know the terms and conditions of each contractwell enough to confirm that every cost element is billed and accounted forcorrectly.
‒ Join monthly contract, project and business unitreviews, with a focus on underperforming contracts.
‒ Identify savings, margin and cash flowopportunities, and help put them into action.
‒ Work with Controllership, Business ServiceOperations, financial planning and analysis (FP&A) and external auditors tomeet information requests.
‒ Explain difficult financial information clearly,handle sensitive issues, and influence parties with shared interests to reachagreement.
‒ Apply knowledge of the finance discipline andhow it integrates with operations and other functions to achieve team anddepartmental objectives, with impact across multiple disciplines.
‒ Identify, troubleshoot and resolve day-to-dayand moderately complex issues, including those not evident in existing systemsand processes.
People leadership
‒ Provide formal supervision: recruit, onboard,train, coach and evaluate staff.
‒ Set work schedules, assign tasks, cross-trainthe team, and track individual and department deadlines.
‒ Set clear performance expectations, hold peopleaccountable on close, billing and collections deadlines, and model CBRE RISEvalues (Respect, Integrity, Service, Excellence).
‒ Work with the People team on the bonus andannual salary review process.
What You'll Need
‒ Bachelor's Degree preferred with 5-8 years ofrelevant experience. In lieu of a degree, a combination of experience andeducation will be considered.
‒ Experience in the areas of staffing, selection,training, development, coaching, mentoring, measuring, appraising, andrewarding performance and retention preferred.
‒ Ability to lead the exchange of sensitive,complicated, and difficult information, convey performance expectations andhandle problems.
‒ Leadership skills to motivate team impact onquality, efficiency, and effectiveness of the job discipline and department.
‒ In-depth knowledge of Microsoft Office products,such as Word, Excel and Outlook.
‒ Extensive organizational skills and an advancedinquisitive mindset.
Why CBRE
When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forwardthinking professionals who create significant impact. Our collaborative culture is built on our shared values - respect, integrity, service and excellence - and we value the diverse perspectives, backgrounds and skillsets of our people. At CBRE, you have the opportunity to realize your full potential.
Applicant AI Use Disclosure:
We value human interaction to understand each candidate's unique experience, skills and aspirations. We do not use artificial intelligence (AI) tools to make hiring decisions, and we ask that candidates disclose any use of AI in the application and interview process.
Our Values in Hiring
At CBRE, we are committed to fostering a culture where everyone feels they belong. We value diverse perspectives and experiences, and we welcome all applications.
Disclaimers
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future
Relocation assistance and sign-on bonuses may be available on select positions only, for qualified candidates based on role requirements and experience
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EQUAL PAY DISCLAIMER: (ONLY REQUIRED ON POSTINGS WHERE STATES REQUIRE PAY TRANSPARENCY) CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Senior Finance Manager is $150,000 annually and the maximum of $185,000 annually. The compensation offered to a successful candidate will depend on their skills, qualifications, and experience. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
