What are the responsibilities and job description for the Associate Director, Accounting position at Cercano Management?
COMPANY OVERVIEW
Cercano Management LLC (“Cercano”) is a multi-family office that provides investment advisory services, including access to a range of alternative investment funds, while also offering clients a comprehensive suite of family office services. Cercano is based in Bellevue, WA, with offices in Minneapolis, MN, and Singapore. Cercano invests globally for its clients, commonly operating as the family office Chief Investment Officer. The team has extensive experience in direct investing in all stages of venture capital, private equity, private credit, and public equities on a global basis.
At Cercano, we focus on delivering to a select group of families, a client experience informed by the heritage, discretion, investment access, and alignment commonly associated with a single-family office. We dedicate ourselves to understanding each family’s objectives and values and to developing customized, holistic solutions that support long-term growth and generational wealth preservation. Our goal is to serve as a trusted partner by offering services at the intersection of institutional investment management, alternative investment funds, operational capabilities, and family office services.
POSITION MISSION
We are currently seeking an associate director who will play an integral role in Cercano’s accounting department directly supporting the Chief Financial Officer to oversee regular operations of the management company. The ideal candidate is someone with excellent organizational skills, self-motivated, and detail oriented. The candidate must have strong written and oral communication skills and be able to interface with a variety of internal and external stakeholders.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Financial close and reporting
- Assist in month and year-end close processes, ensuring all transactions are properly recorded.
- Maintain various asset and accrual accounts.
- Analyze the general ledger to ensure accuracy and completeness of activity.
- Assist with the external annual audit, proactively addressing nonroutine transactions throughout the year.
- Prepare month and year-end close for Capital Acquisition Broker entity and assist with annual external audit.
- Review month and year-end close for Singapore based entity and process transactions as necessary.
- Prepare annual consolidation of underlying entities.
- Accounts receivable and revenues
- Assist in reviewing fee calculations and client expense reimbursements and record related revenues.
- Calculate and record deferred revenue.
- Reconcile and record collection of accounts receivable.
- Assist in funding of general partner investments and expenses, including collection from various employee investors.
- Accounts payable and vendor management
- Liaise and partner with the Fund Accounting team to appropriately apply and review client expense allocations.
- Review and manage underlying data for client expense allocations.
- Review processed vendor invoices for proper allocations to clients, departments, and G/L accounts.
- Ensure vendor payments are timely processed and manage reimbursement for client processed vendor payments.
- Manage vendor relationships and provide professional external and internal written communication in response to accounts payable inquiries.
- Expense reporting
- Review and monitor expense reports for proper client expense allocations and general ledger coding.
- Act as a resource to employees to ensure they properly apply expense allocation policies.
- Manage corporate credit card transactions; hold employees accountable for timely reporting credit card transactions.
- Tax compliance
- Oversee sales and use tax analysis on expenditures and prepare monthly and quarterly use tax and B&O tax returns.
- Lead the annual 1099 reporting process.
- General
- Apply company financial policies and established accounting procedures; assess current practices and procedures and make recommendations for improvement.
- Manage and record foreign currency and multi-currency transactions
- Assist with special projects as required.
- Perform other duties as assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Knowledge, experience, skill, and Abilities
Required
- Excellent organizational, writing, and interpersonal skills. Must be highly organized and detail oriented and be able to work both collaboratively and independently
- Ability to prioritize tasks and work independently
- Solid analytical and creative problem-solving skills
- Must be discreet and able to maintain confidentiality
- Ability to maintain professional composure, accuracy, and efficiency among quickly changing priorities
- Strong ability to multi-task and remain calm under pressure
- Detail-oriented, responsive, and accurate
Preferred
- Experience interacting with senior level management and prior customer service experience
- Experience in the financial services industry
Computer skills
- MS Office (Word, Excel, Outlook, Teams, PowerPoint)
- NetSuite or other similar accounting software
- Accounts payable and expense platforms (e.g., StavPay, Expensify)
Education/Experience/certifications
- B.A. or B.S. in accounting, finance, or other relevant field from an accredited institution
- Minimum of five years of relevant experience in public or private accounting
SALARY RANGE: $137,720 - $220,300 annually, with a target hiring range of $150,000 based on experience, qualifications, and job-related factors.
SALARY DETAILS:
Pay will be based on multiple factors, including, and not limited to location, relevant experience/level and skillset while balancing internal equity. Our discretionary bonus program is in addition to the base compensation range listed above. Cercano is committed to fair, unbiased compensation along with competitive benefits in all locations in which we operate.
TOTAL REWARDS:
Cercano offers a comprehensive benefits package including medical, dental and vision insurance, Health Savings Account with generous annual employer contribution, Flexible Spending Accounts for health and dependent care, vacation and sick time off, paid holidays, paid parental leave, and the opportunity to participate in a 401(k) plan with a generous employer match of 50% of your own contributions up to the standard annual IRS limit, company paid life insurance, and a Health and Wellness Benefit. Employees are also eligible for reimbursement for approved professional development activities.
Cercano is an equal opportunity employer. Every qualified applicant will be considered for employment. We do not discriminate based on race, color, religion, gender, sexual orientation, age, national origin, marital status, sex, disability, political ideology, or veteran status, or other protected class.