JOB SUMMARY Leader of global finance team located in US, Canada, Latin America, Asia, and Europe for a full service Global Workplace Solutions account. Responsible for the performance of all corporate real estate financial functions for the client and CBRE. Responsible for managing the following finance functions, but is not limited to: annual operating and capital budget preparation, monthly forecasting, variance analysis, project and fixed asset accounting, accruals, accounts payables and receivables, strategic planning, management reporting, and other special projects.
The Global Finance Director will also have direct responsibility for management of CBRE account P&L. In this capacity, the Global Finance Director will act as CFO to the Alliance Director and will work with the senior members of the account management team, taking a key part in discussions related to strategic direction for the account. Executive presence, presentation skills, leadership skills, previous experience in a global organization, internal/external client management skills are some of the key requirements for the position.
ESSENTIAL DUTIES AND RESPONSIBILITIES Responsible for the global budgeting process, forecasting process, strategic planning process, and standard management reporting. Establishes overall departmental priorities and ensures that all deadlines are met. Includes preparation of real estate and facilities budgets and forecasts for operating and capital expenses for multiple countries.
This responsibility requires coordination with multiple parties such as Client FP&A, CBRE employees on the account, client employees and 3rd party vendors. Working with client, CBRE team members, and 3rd party vendors to ensure client's balance sheet and P&L statements for corporate real estate are timely and accurate. Facilitate the client's month-end close process by ensuring that CBRE and 3rd party vendor invoices are submitted to the client in a timely manner and necessary accruals and journal entries are recorded.
Working with vendors, client and CBRE team members, lead preparation of periodic reporting packages including variance reporting for actual operating and capital expenses compared to forecasts and budgets. Reporting will be at various levels of consolidation (e.g., building level, sub region level, region level). Prepares final recommendations for budget and forecast to finance leadership.
Provides high quality financial advice to both the client and the CBRE senior management team for the client. Ensures complete knowledge of monthly results. Assists in presentation of results to senior finance management.
Manages all client deliverables globally in line with the contractual agreement, ensuring global consistency of approach and quality of output. Responsible for contract compliance and governance structure including key performance indicators, baseline budget management, savings forecasting and glide path reporting. Responsible for real estate occupancy cost allocations and chargebacks in line with client guidance.
Responsible for special projects and presentations to senior management. Effectively leads a strong global finance team. Leadership will include development and constantly evaluating department needs versus existing staffing levels/quality.
Manage client relationships and fosters trust, especially with the client's finance team members. Facilitates review and approval of capex projects in accordance with the company approval guidelines and capital request processes as well as acquisition earn-outs / deferred purchase payment obligations. Reviews submissions from the businesses and presents to executive management for approval.
Ensure that CBRE and vendors are compliant with client's and CBRE's processes and policies. Ensure that accounts payables and accounts receivables functions are executed according to the agreed upon P2P processes (vendor set-up, POs, payments, etc.) Create/maintain policy, processes and playbooks related to client-facing and CBRE responsibilities. Train and provide guidelines to CBRE team members, client employees and 3rd party vendors on finance processes and tools, as necessary.
Working with client and CBRE IT teams, support and maintain IT tools that enable client facing responsibilities. Directs quarterly consolidated financial statement preparation and SEC reporting processes (10-Q's and 10-K's, other financial filings with the SEC) Other duties may be assigned. SUPERVISORY RESPONSIBILITIES Leads a robust global finance team and indirect management of Real Estate Accounting Services located around the world.
Ensures constant team development with an eye towards progression and retention. Responsible for all aspects of HR in regard to department including: hiring, termination (when necessary), compensation, and performance evaluation. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. EDUCATION and EXPERIENCE Bachelor's degree (BA/BS) in Accounting, Finance or Economics from four-year college or university and a minimum of eight years of related experience and/or training.
Public accounting experience preferred (varies depending on specifics of role). Minimum of two years of global experience required. CERTIFICATES and/or LICENSES CPA or MBA (graduate degree) preferred, but not required (depending on experience).
GLOBAL Experience in a global setting, managing/leading finance processes in multiple time zones, cultures, local regulations and currencies. COMMUNICATION SKILLS Excellent oral and written communication skills. Ability to comprehend, analyze, and interpret the most complex business documents.
Ability to respond effectively to the most sensitive issues. Ability to write reports and manuals using distinctive style. Ability to communicate clearly and effectively with peers, business people and management.
Ability to motivate and work collaboratively with business partners, key employees, top management, and client groups on various projects. Ability to handle and manage multiple projects and work streams. Ability to build rapport and trust with external and internal clients, which are located in various part of the globe.
Experience with communications with senior management via emails or presentations. Ability to set and communicate timelines, roles and responsibilities to multiple stakeholders and hold these parties accountable for deliverables. Requires communication with multiple stakeholders in various time zones.
Due to time zone differences, there will be periodic and ad-hoc meetings that are scheduled for early morning or late evening local time. Ability to prepare business memos, emails and presentations within deadlines. FINANCIAL KNOWLEDGE Requires in-depth knowledge of financial terms and principles.
Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures.
Approves and oversees department budget. Broad, in-depth understanding of Generally Accepted Accounting Principles (GAAP), concepts. Lease Accounting a plus.
SEC reporting experience desired (depending on the specific finance role). Requires knowledge of financial terms and principles such as NPV and Discounted Cash Flow analysis, weighted average cost of capital (WACC). Exposure to and reporting of capital projects and fixed assets is preferred.
REASONING ABILITY Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Ability to problem-solve, both independently and working as a team.
Ability to accurately explain/report activity in verbal and written communications. Ability to analyze large amounts of data to decipher actionable outcomes a must. Ability to comprehend, analyze, and interpret various types of business documents.
Ability to summarize complex concepts and present meaningful commentary to senior level management. OTHER SKILLS and/or 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 (particularly HFM Consolidation, PeopleSoft Financials and Cognos Planning, SAP).
Knowledge of real estate service industry and terminology helpful. Strong work ethic and adaptable. Understanding of database structures and basics.
Experience with Adaptive Planning software a plus. SCOPE OF RESPONSIBILITY Decisions made with in-de