Commissions Accounting Summer Intern

COMPANY Cushman & Wakefield LOCATION New York, NY 10019STATUS Full Time, Intern CAREER LEVEL Student (Undergraduate/Graduate)EDUCATION LEVEL Some College Coursework Completed OUR SERVICES Brokerage Capital Markets Client Solutions Consultancy Investment Management Investment Sales Research Specialty Practice Groups Valuation AdvisoryOUR CLIENTS Developers Financial Institutions Investors Manufacturers Multinational Corporations Office Occupiers Owners Retailers www.cushwake.com OUR VALUES Our CLIENTS come first :: Our foremost standard of conduct is INTEGRITY :: Every employee is a TEAM member and contributes to our success :: Individually and collectively striving to achieve EXCELLENCE in everything we do :: Treating each other and our clients with RESPECT and DIGNITY :: CITIZENSHIP - A commitment to the communities in which we live and work :: Realize the value in actively recruiting, developing, and mentoring talented individuals of DIVERSE cultures and backgrounds :: PROFITABILITY - Driving our ability to invest, improve, and succeed Department Description Commission Accounting Department is informally segregated into the following units:  1.  Commission billing / cash application 2.  Accounts receivable3.  Broker compensation 4.  Non-commission billing and accounts receivable 5.  Quality assurance and 6.  Financial compliance  Moreover, the units described above have various obligations and responsibilities, among which are: § Properly recording commission§ Appraisal and client solutions billing/revenue recognition§ Payments to brokers§ Collections§ Cash application§ Sub-ledger to general ledger reconciliations§ Client and broker accounts receivable collections§ Recording of allowance for bad debt§ Balance sheet analysis§ Payments to brokers§ Forecasting incoming and outgoing cash§ Acquisitions§ Managed building billing and collections § General ledger interfaces/journal entries Commission Accounting Department’s services are rendered to other departments within corporate finance, legal, brokerage, marketing, senior management, branch operations and corporate strategy.  Primary Responsibilities We envision that, throughout the intern’s experience with Cushman & Wakefield he or she will be assigned to either a single long-term project or various short-term.  The assigned project(s) will touch upon many of the areas of concentration described above. The intern will report to the manager in charge of the particular assignment, however in order to give a well-rounded exposure to the whole department and provide an opportunity for a challenge, we believe that the intern may be asked to help in any of the aforementioned areas based on our needs at a particular time.  The intern will be given an attainable and measurable goal and timeline within which to meet that goal.  Weekly formal or informal performance evaluation discussions will be held with the intern’s direct supervisor/manager. During these discussions, the intern will be further guided towards achieving both short-term and long-term goals of the assigned project.   Sample Project Assignment Resolution of unapplied cash (the clearing account) - the intern will be asked to research and resolve payments received by C&W that cannot be matched to an existing invoice. The intern will interact with brokers, clients, branch offices and any other department that may be affiliated with the payment received.  The anticipated outcome of this project will be the application of cash to the invoices and to return cash to the remitter.  Status reports will be generated periodically to explain the unresolved issues in progress and the balances which have been resolved.   QualificationsMinimum GPA - 3.0Bachelors Degree Candidate Major – Business, Accounting, Finance or Marketing Major  Extracurricular activities Volunteer work etcStrong Interpersonal communication Skills RequiredWorking Knowledge of Microsoft OfficeCandidate must have a strong desire to learn and must work well in a team environment.  Must be able to Multi-task, accept constructive criticism, must be focused and reliable   Please click here to apply: http://careers.vurvexpress.com/jobprofile.cfm?szWID=14033&szCID=63150&szOrderID=496630&szSiteID=451