Cash Flow Manager

About the role

The Cash Flow Manager supports consolidated cash flow and balance sheet financial reporting requirements by preparing and analyzing financial information and processes. This role also manages month-end/quarter-end close for assigned balance sheet areas, reviews journal entries, account analyses, and flux explanations, ensures appropriate balance sheet classification, prepares/reviews cash flow statement support, tracks and documents non-cash activity impacting cash flow disclosures, oversees and reconciles specific accounts, partners with Billing and Revenue Accounting to ensure accurate cut-off, completeness of unbilled positions, and resolution of reconciling items, supports analysis of Principal/employee advances, reimbursable costs, and other working-capital items tied to engagements, reviews documentation for client trust accounts, escrow balances, restricted cash, and related compliance requirements, ensures proper presentation and disclosure considerations for restricted cash and related movements, assists/Manages intercompany accounting, eliminations support, settlements, and reconciliations, including cross-border/cross-entity cash movements as applicable, reviews compensation-related accruals relevant to professional services (e.g., bonuses, incentive comp, payroll taxes, stock-based compensation, etc), collaborates with other members of the team to implement proper internal controls (specifically financial reporting and cash flow analysis), assists in the external audit of the Company’s financial statements, standardizes and improves reconciliation templates, roll forwards, and close calendars; and assist with root-cause remediation, communicates clearly with stakeholders, elevates issues with proposed solutions and timeline impacts, maintains monthly balance sheet reconciliation package (with aging, cash flow matrix, reconciling item action plans), maintains cash flow statement workpapers (change-in-cash tie-out, non-cash schedules, classification support), verifies unbilled/contract asset and deferred revenue analyses (as applicable).

Responsibilities

• Ensures the application of proper accounting policies and processes and leads the development of best practices for the balance sheet and cash flow
• Manages month-end/quarter-end close for assigned balance sheet areas
• Reviews journal entries, account analyses, and flux explanations
• Ensures appropriate balance sheet classification (current/noncurrent) and consistent accounting policies across entities/service lines
• Prepares/reviews cash flow statement support, including change-in-cash tie-outs and operating/investing/financing classification
• Tracks and documents non-cash activity impacting cash flow disclosures (e.g., lease activity, financing arrangements, accrual movements)
• Oversees and reconciles specific accounts such as unbilled A/R / contract assets, contract liabilities/deferred revenue, and WIP
• PARTNERS WITH BILLING AND REVENUE ACCOUNTING TO ENSURE ACCURATE CUT-OFF, COMPLETENESS OF UNBILLED POSITIONS, AND RESOLUTION OF RECONCILING ITEMS
• SUPPORTS ANALYSIS OF PRINCIPAL/EMPLOYEE ADVANCES, REIMBURSABLE COSTS, AND OTHER WORKING-CAPITAL ITEMS TIED TO ENGAGEMENTS
• REVIEW DOCUMENTATION FOR CLIENT TRUST ACCOUNTS, ESCROW BALANCES, RESTRICTED CASH, AND RELATED COMPLIANCE REQUIREMENTS
• ENSURES PROPER PRESENTATION AND DISCLOSURE CONSIDERATIONS FOR RESTRICTED CASH AND RELATED MOVEMENTS
• ASSISTS/Manages INTERCOMPANY ACCOUNTING, ELIMINATIONS SUPPORT, SETTLEMENTS, AND RECONCILIATIONS, INCLUDING CROSS-BORDER/CROSS-ENTITY CASH MOVEMENTS AS APPLICABLE
• REVIEW COMPENSATION-RELATED ACCRUALS RELEVANT TO PROFESSIONAL SERVICES (E.G., BONUSES, INCENTIVE COMP, PAYROLL TAXES, STOCK-BASED COMPENSATION, ETC)
• COLLABORATES WITH OTHER MEMBERS OF THE TEAM TO IMPLEMENT PROPER INTERNAL CONTROLS (SPECIFICALLY FINANCIAL REPORTING AND CASH FLOW ANALYSIS)
• ASSISTS IN THE EXTERNAL AUDIT OF THE COMPANY’S FINANCIAL STATEMENTS
• STANDARDIZES AND IMPROVES RECONCILIATION TEMPLATES, ROLL FORWARDS, AND CLOSE CALENDARS; AND ASSIST WITH ROOT-CAUSE REMEDIATION
• COMMUNICATES CLEARLY WITH STAKEHOLDERS
• ELEVATE ISSUES WITH PROPOSED SOLUTIONS AND TIMELINE IMPACTS
• MANTAINS MONTHLY BALANCE SHEET RECONCILIATION PACKAGE (WITH AGING, CASH FLOW MATRIX, RECONCILING ITEM ACTION PLANS)
• MANTAINS CASH FLOW STATEMENT WORKPAPERS (CHANGE-IN-CASH TIE-OUT, NON-CASH SCHEDULES, CLASSIFICATION SUPPORT)
• VERIFIES UNBILLED/CONTRACT ASSET AND DEFERRED REVENUE ANALYSES (AS APPLICABLE)

Requirements

Eight (8) or more years of general accounting experience, required

Experience working within the finance department in a large multi-national corporation, preferred

Experience with foreign currency accounting, preferred

Experience supervising employees, preferred

Qualifications

Bachelor’s degree, required; with a focus in Accounting or Finance, preferred

Master's degree in Accounting or Finance, preferred

Skills

Advanced in the use of Microsoft Office Suite, specifically Excel, required

Prior experience using One Stream Financials and/or Oracle Cloud, preferred

Benefits

National Range: $120,000 - $130,000

Maryland Range: $120,000 - $130,000

NYC/Long Island/Westchester Range: $120,000 - $130,000

About Us

Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world. At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities.

Company Information

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings.

Equal Opportunity Employer

We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual. With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on welcoming diverse perspectives and understanding the experience of our professionals and clients. Empowering team members to explore their full potential, our talented team brings varying skills, knowledge, and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities. Celebrating ingenuity and innovation to transform our business and help our clients transform theirs, we focus on resilience and sustainability to positively impact our people, clients, and communities. BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more!