Manager, Client Finance

About the role

The Manager of Client Finance will oversee the overall financial management and forecasting for our client portfolio, reporting, general day-to-day activities, and related month-end close duties.

Responsibilities

• Supervise the overall monthly project accounting efforts including preparing and leading monthly status meetings with project managers and managing project updates across financial trackers.
• Manage new contract engagements and assess related contracts/projects, including understanding contract components and ensuring accuracy of project setup.
• Guide the Client Finance team on project tracking-related items and review/address concerns around project tracking/funds compared to project budgets.
• Report and present project financials to project leads/stakeholders.
• Manage the setup of new clients, including review of MSAs for rebates and discounts.
• Collaborate with legal and other cross-functional leads on contracting for finance-related inputs, review of IP language as applicable, etc.
• Liaise/collaborate with other finance teams regarding intercompany revenue/cost transactions and contracting.
• Manage intercompany contract executions, including cost allocations, project budgets, and scope changes.
• Review business unit(s) project revenues and ensure compliance with client contracts, including new contract awards updates and pickup of out-of-period revenue.
• Understand and elevate potential issues to ensure proper accounting and revenue recognition in accordance with GAAP.
• Assist with year-end ASC 606 compliance meetings and documentation.
• Prepare monthly project revenue forecasts and comparisons to budget/plan.
• For pipeline revenue, collaborate with FP&A where applicable to ensure accuracy of overall revenue waterfall to budget/plan.
• Manage hours and expenses for client projects incurred to track against forecast, assigned roles/rates based on information provided by project leads, including mapping of new roles and rates and other revenue/cost adjustments where applicable.
• Manage client invoicing based on contracts, reconcile issues, and follow up with customers on past-due invoices; manage unbilled revenue aging and adherence to client invoicing guidelines; follow up on past-due AR; advise on project invoicing recommendations where applicable.
• Manage monthly client accruals and submissions to clients; consolidate accruals with other Precision entities as applicable.
• In conjunction with FP&A, review business development opportunities with senior management and prepare project revenue and business development opportunity variance analysis to budget and projection for Controllers and senior management; report on out-of-period revenue pickup.
• Manage project costs compared to contracted amounts as well as other direct costs shared across projects/clients.
• Review and report subcontractor expenses monthly (billable vs. non-billable) and future forecasted subcontractor costs; manage subcontractor agreements.
• Review and analyze monthly general ledger account reconciliations for compliance with GAAP; forecast expenses compared to budget/plan in coordination with cross-functional teams.
• Conduct secondary high-level review of expense reports, invoices and/or credit card bookings for comparison to budget/forecast, new vendor approvals and documentation, high-value payments.
• Review and reconcile intercompany transactions; collaborate with other finance department heads to support overall department goals and objectives.
• Assist with ad hoc projects as applicable, including the annual budget preparation; take the lead on budgeting for specific P&L line items, including managing revenue and cost amounts with business and FP&A inputs as applicable.
• Manage audit timelines and communications with the audit team; review and reconcile supporting documents for the annual audit; prepare supporting documents and schedules for the audit; manage up where audit deliverables will require additional collaboration/input.
• Proactively reevaluate processes for cost savings and efficiencies; lead conversations in the development and implementation of new policies and procedures to enhance workflow and drive efficiencies.
• Update forecasts based on understanding of financial performance and future plans; assist with ad hoc reporting and analysis as required; collaborate with FP&A as applicable in identifying key variances for presentation to various stakeholders.
• Prepare and analyze the monthly financial reporting package to executive management; review FP&A inputs on back tabs as applicable.
• Advise staff on best practices in approach to client finances and on non-routine financial transactions; manage and mentor direct reports and junior staff through career development.

Requirements

• Bachelor’s degree with a minimum concentration in accounting, finance, or business.
• 6+ years of relevant accounting/finance experience, including 2–3 years in a supervisory role.
• Intermediate to advanced Microsoft Excel skills.

Preferred Qualifications

• Agency or professional services experience.
• Month-end close experience.
• Revenue recognition experience.
• Project accounting experience.
• Client services/client-facing experience.

Pay

Reasonable estimate of the current range: $110,000 USD – $145,000 USD

Benefits

• Discretionary annual bonus.
• Health insurance.
• Retirement savings benefits.
• Life insurance and disability benefits.
• Parental leave.
• Paid time off for sick leave and vacation.