Management Company Expense Accountant

2 months ago


New York, United States Cerberus Capital Management Full time

CCMx is a subledger of the management company, Cerberus Capital Management. Designed with precision, CCMx stands as a dedicated platform crafted to dissect and track expense activities tied to our funds' continuous operations of the management company. You will be apart of our management company's expense team, embracing the role of orchestrating expense accounting and allocation. Your keen attention to detail will guarantee the utmost accuracy within our ledger, reaffirming our commitment to financial excellence


Responsibilities:

  • Expense categories which are allocated to the funds relate to the funds’ operations, including legal, auditing, payroll (and benefits), consulting, research, and administration expenses. In addition, allocated expenses may include amounts for sourcing, acquiring, holding and disposing of the Funds’ investments.
  • This individual will have the opportunity to identify, enhance, and develop processes to ensure accurate reporting within the high profile expense allocation topic with regulators in the industry.
  • This individual will be responsible for all facets of the expense allocation close process including preparing, reviewing, and analyzing all expenses booked, and understanding the related allocation methodologies of these expenses to the funds.
  • This individual will be required to interact with several different departments in the firm both domestically and internationally, including Deal Teams/Front Office, Fund Accounting, Data Warehouse (IT Development), Operations, Financial Reporting, Tax, Accounts Payable
  • This individual will be preparing ad-hoc requests for senior management within the firm.


Description:

  • Prepare month-end allocation schedules for proper allocation of expenses to the appropriate funds
  • Prepare supporting expense accrual calculations and book general ledger journal entries in Microsoft Business Central
  • Prepare journal entries in a nontraditional data format suitable for uploading into Data Warehouse (Reporting system)
  • Monitoring daily cash activity and preparing monthly cash reconciliations, while working closely with Accounts Payable, Tax, and Treasury to identify and solve for unusual transactions
  • Maintain and update meta data within Data Warehouse, improve data quality
  • Prepare monthly bank, payroll, and account reconciliations
  • Prepare monthly expense summaries and analyses
  • Prepare monthly balance sheet account reconciliation and determine action items
  • Interact with Operations, Data Warehouse Development, Legal, Tax and Financial Reporting to resolve process and accounting issues
  • Identify, enhance, develop, and document process efficiencies
  • Assist with any ad hoc requests
  • Assist with year-end audits


Qualifications:

  • Minimum two to five years of relevant experience
  • BA or BS in Accounting or a related field; excellent academic record
  • Experience in financial related capacities preferred
  • Desire to work in a role which combines equal parts getting down into the details of reporting data, and acting as a project manager
  • Natural curiosity and enthusiasm for proactively learning new systems and tools
  • Attention to detail and strong analytical skills is a must
  • Strong organizational skills and ability to multitask
  • Exceptional grammar, documenting, and writing skills
  • Excellent analytical, financial, and problem solving skills
  • Ability to work efficiently and in a very dynamic and deadline-driven environment
  • Demonstrate a flexible, creative approach; understand risk and can quickly assess, propose, and adapt solutions unique to each solution
  • Demonstrate high energy coupled with a positive, decisive attitude, with a strong grasp of the details and a sense of urgency.
  • Strong MS Excel skills (Pivots, lookups, logical functions)
  • Accounting Ledger System, ex: Great Plains\Business Central\Sage\Quickbooks
  • Business Objects\Datawarehouse



Nice to have but not required:

  • PowerBI
  • Tableau
  • Anaplan
  • SQL
  • Sharepoint
  • Alteryx


Founded in 1992, Cerberus is a global leader in alternative investing with approximately $60 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at


The base salary for this position is expected to be between $95,000 and $115,000. The base salary offered to the chosen candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by the Company in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus, which is often a meaningful portion of the compensation package, and a robust benefits package.



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