CCMx is a subledger of the management company, Cerberus Capital Management, LP (“CCM”). This subledger was created to isolate and separately account for expense activity associated with the funds from the ongoing operations of the management company. 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 role offers the opportunity to identify, enhance, and develop processes for accurate reporting within the high-profile expense allocation topic with regulators in the industry. Responsibilities include overseeing the entire expense allocation close process, which entails preparing, reviewing, and analyzing all booked expenses and understanding their allocation methodologies across the funds. Interaction is required with various departments domestically and internationally, including Deal Teams/Front Office, Fund Accounting, Data Warehouse (IT Development), Operations, Financial Reporting, Tax, and Accounts Payable. Additionally, this position involves preparing ad-hoc requests for senior management within the firm.

Description:

• Create month-end allocation schedules for proper distribution of expenses to the appropriate funds
• Perform supporting expense accrual calculations and post general ledger journal entries in Microsoft Business Central
• Generate journal entries in a nontraditional data format suitable for uploading into Data Warehouse (Reporting system)
• Monitor daily cash activity and conduct monthly cash reconciliations, collaborating closely with Accounts Payable, Tax, and Treasury to address unusual transactions
• Maintain and enhance metadata within Data Warehouse to improve data quality
• Conduct monthly bank, payroll, and account reconciliations
• Prepare monthly summaries and analyses of expenses
• Perform monthly balance sheet account reconciliations and identify action items
• Collaborate with Operations, Data Warehouse Development, Legal, Tax, and Financial Reporting teams to resolve process and accounting issues
• Identify, enhance, develop, and document process efficiencies
• Assist with year-end audits and ad-hoc requests

Qualifications:

• Minimum three 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
• Experience with Accounting Ledger System such as Great Plains\Business Central\Sage\Quickbooks
• Must possess attention to detail, strong analytical skills, organizational prowess, and multitasking abilities
• 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)

About Cerberus Capital Management & Cerberus Technology Solutions

Cerberus Capital Management (CCM) is a private equity firm with partial or full ownership stakes in over 40 companies in a variety of industries. Cerberus Technology Solutions (CTS) is a subsidiary of CCM focused exclusively on leveraging emerging technology, data, and advanced analytics to drive transformations.

Our expert technologists work closely with Cerberus investment and operating professionals across our global businesses and platforms on a variety of operating initiatives targeted at improving systems and generating value from data.

The base salary for this position is expected to be between $95,000.00 and $120,000.00. 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.