Corporate Controller, Revenue - NEWMARK : Job Details

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ( Newmark ), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Description: We are looking for a Revenue Corporate Controller to join our Finance Group. The individual will report to the Chief Accounting Officer and will oversee our revenue accounting, broker payroll, accounts receivable and treasury teams. This position will manage domestic and offshore teams, and will collaborate with international accounting teams, as well as functional partners across the organization. The ideal candidate is a strong collaborator who loves challenging opportunities and thrives in a dynamic environment with strict deadlines.

Key Accountabilities

• Oversee the month-end close process as it relates to accounting for revenue and commissions as well as for related costs, with a high focus on the accuracy of financial information and adherence to US GAAP and close timelines
• Manage the revenue accounting and broker payroll teams and partner with the related functional partners across the company
• Manage the close tool, including holding the various accounting teams accountable for their close timeline
• Review and suggest journal entries as needed, including reviewing account reconciliations, intercompany reconciliation, subledger reconciliations, as well as judgement-based reconciliations
• Ensure consistent application of revenue and expense recognition across all entities as per US GAAP
• Oversee internal collection activities and partner with external collection agencies, as needed
• Oversee the cash application team and assist with the resolution of unapplied cash
• Oversee the accounting for funds held in trust / escrow bank accounts, including regulatory oversight
• Oversee the treasury function, with a focus on cash management, cash forecasting and debt covenant tracking
• Review the monthly consolidated income statement and balance sheet analytics
• Collaborate with the financial planning and analysis team on the budget, as well as on the month-end close process and related analytics and reporting
• Collaborate with revenue-impacting business partners to drive accuracy and completeness of transactions as well as to drive efficiencies and process improvement
• Work with the technology team on creating automated reports for the business to assist them in their day-to-day management
• Work with the CAO on identifying automation opportunities and on various finance transformation projects
• Support the CAO with integrating acquired foreign entities
• Create and distribute accurate internal reports to various stakeholders across the organization, as required
• Provide excellent customer service by proactively managing escalated issues and bring them to resolution
• Maintain a system of effective controls, policies, and procedures over revenue recognition (for the various service lines)
• Manage and coach a team with a strong focus on team development
• Assist in the preparation of US GAAP financial statements and related disclosures
• Collaborate with the internal audit team on establishing and maintaining controls
• Coordinate with external auditors regarding the financial audit and group controls testing
• Other duties and ad-hoc projects as assigned

Education and Experience

• Bachelor s Degree required, preferably in accounting
• Certified Public Accountant (CPA), required
• 10-15 years of progressive accounting experience, with 6 or more years of supervisory experience
• Combination of Big 4 experience and private industry, required
• Experience working in a public company, preferred
• Prior experience designing, implementing, and documenting policies and procedures in a SOX environment
• Experience working in large multinational businesses across multiple geographical entities, preferred
• Experience working in a multi-function shared services and/or offshore environment, a plus

Knowledge and Targeted Competencies

• Advanced knowledge of US GAAP, with a focus on revenue accounting, required
• Strong knowledge of commercial real estate, required
• Strong communication and organizational skills as well as impeccable attention to detail
• Ability to multi-task and handle several deadlines simultaneously
• Strong analytical, problem solving and decision-making skills
• Advanced excel skills, required
• Experience with Oracle, RMS, Coupa and FloQast, a plus

Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.