JOB SUMMARY
To lead sustainable financial growth by taking ownership of the financial operations, controls and management information for the Contract.
Provide insight and influence on impact performance and maintain competitive advantage alongside financial and contract support leadership and direction in the Contract. Act as a point of liaison for Finance and Commercial issues for the Client and Contract team.
This will involve personal attitude, use of skills and dissemination of knowledge. Use specialist skills and experience to provide insight and influence to impact performance standards. Implement improvements, drive change, raise standards through the direct and indirect management of the team. Act as a business partner to the Alliance Director to both advise and challenge senior management on contract performance.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Client
· Developing high quality and effective Client relationships especially across the account.
· Build good working relationship with account management and key client’s members and be a business partner for both.
· Tightly manage contract governance, demonstrating an in-depth knowledge of the terms and conditions of the contract to ensure that all cost elements are appropriately accounted for.
· Assist with client team requests in a timely and accurate manner.
· Positively respond to both our internal and external customers (often in a matrix environment) through effective communication and personal accessibility/credibility.
Financial Reporting
· Prepare accurate Contract reports in line with monthly company timetable including full Profit & Loss account with analysis and commentary, Balance Sheet extracts and reconciliations, detailed Project Profitability reporting, Profit & Loss forecasts and annual plans.
· Support any internal transformation and client initiatives, working closely with other functions to ensure full alignment of deliverables and results.
· Provide best in class Management Information to both Client and CBRE management to include Actuals v Budget.
· Liaising with the central CBRE Canada Finance team to fulfill any ad-hoc information requests.
· Ad-hoc reporting as requested by Divisional Finance Director or Business Unit Director/Alliance Director.
· Provide ad-hoc support and financial analysis as required.
Contract and Finance Management
· Continually review, maintain and improve cash-flow, margins and reporting. Develop targets and benchmarking processes to challenge the financial information.
· Drive high quality financial / commercial performance through understanding the contractual commitments on service lines, ensure is aligned and consistent with global contract management practices.
· Identify and help drive implementation of savings opportunities to ensure Client and internal financial savings targets are maximized.
· Review Client P&L results and challenge.
· Carry out regular Business Unit reviews and Project reviews
· Active management of overheads whilst seeking out areas for efficiencies for savings.
· Build and develop high level relationships with business and account leaders, central teams, global account teams, customers and external agencies (e.g. auditors).
· Conduct monthly formal Contract reviews.
· Ensure use of best practice, communication and understanding of key business messages through monthly site visits with focus on underperforming contracts.
· Constantly improving quality, service and efficiency.
· Communicate regularly with contract financial and contract support staff to ensure they are fully informed of operational objectives and achievements.
· Identify, analyze and resolve potential business risks, as well as opportunities and solutions to enhance business performance.
· Support in any client related audits.
Finance Processes, Procedures and Reporting
· Ensure company policies and procedures are adhered to consistently throughout the Contract.
· Ensure full substantiation of all accruals, un-billed revenue and WIP are in line with CBRE policy.
· Manage the integrity of data in Client reporting and CBRE systems.
· Develop an understanding of how to best utilize CBRE system-generated reporting capabilities.
· Continually develop systems to maximize efficiency benefits for client & CBRE.
· Ensure the accuracy and integrity of accounting records and financial systems, identify opportunities to enhance system efficiencies
· Have thorough knowledge of procedures and processes and lead the delivery of these to the required standard.
· Manage compliance through the required procedures and processes.
Finance Planning
· Assist in delivering best in class CBRE and Client management information including annual budgets (balance sheet and cash flow plans), monthly management accounts and forecasts including Profit and Loss variance and Balance Sheet commentaries.
Financial Governance
· Ensure CBRE and statutory obligations are met for reporting and governance purposes.
· Responsibility for ensuring the integrity of the Balance Sheet and Balance Sheet Commentary.
· Ensure monthly balance sheet reconciliations are carried out, reviewed and maintained in ART.
· Driving and agreeing any financial policy requirements with the Divisional Financial Director or Alliance Director.
· Ensure Account is complying with any Global Account Standards.
People Management
· Recruit, induct, manage, target, motive and develop the team.
· Review and advise on resourcing gaps.
· Carry out structured appraisals and ensure personal development plans are in place and include succession plans.
· Build, lead and motivate a diverse and effective team. Empower team members to take responsibility and accountability.
· Supervise and review performance of individuals in the team.
Qualifications - External
EDUCATION and EXPERIENCE
Bachelor's degree (BA/BS) from a four-year college or university in a business related field. Requires a minimum of six years related experience to include at least two years in a lead or supervisory capacity. Public accounting experience preferred.
CERTIFICATES and/or LICENSES
CPA or MBA (graduate degree) preferred, but not required (depending on experience).
COMMUNICATION SKILLS
Ability to apply excellent written and verbal communication skills to accurately explain/report activity. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to respond effectively to sensitive issues and work collaboratively with business partners, key employees, top management, and client groups on various projects.
FINANCIAL KNOWLEDGE
Requires in-depth knowledge of financial terms and principles. Ability to calculate complex figures. Ability to forecast and prepare budgets. Conducts financial/business analysis including the preparation of reports. Broad, in-depth understanding of Generally Accepted Accounting Principles (GAAP), concepts. SEC reporting experience desired (depending on the specific finance role).
REASONING ABILITY
Ability to comprehend, analyze, and interpret complex financial information and transactions and accounting principles. Ability to independently research complex accounting transactions/issues. Ability to problem-solve, both independently and working as a team. Requires advanced analytical and quantitative skills. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.
OTHER SKILLS and ABILITIES
Strong computer skills, including specific knowledge of Microsoft Office Suite (Excel, Word, Outlook, PowerPoint, etc.). Broad experience with other software and financial systems is desired such as HFM Consolidation, PeopleSoft Financials and Cognos Planning. Knowledge of real estate service industry and terminology is helpful. Strong work ethic and adaptable.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Sr. Finance Manager position is $170,000 annually and the maximum salary of $190,000 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 has 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.