Transaction Accountant

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

Job Title

Transaction Accountant (Deal Management Team)

Position Location

Hybrid

Job 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.

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