Intern-Operations, Treasury, and Reporting

COMPANY OVERVIEW

Cercano Management LLC (“Cercano”) is an SEC-registered investment manager focused on ultra-high net worth clients and the entities associated with those clients, such as family foundations and family offices. Cercano is based in Bellevue, WA, with offices in Wayzata, MN, Atlanta GA, 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.

Cercano offers services for all aspects of a client’s assets or family office. The team also has experience working with clients who have significant investments in non-financial assets on a global scale, such as fine art, professional sports teams, entertainment properties, intellectual property, commercial real estate, farmland, and personal residential estates.

POSITION MISSION

We are currently seeking an Intern, who will have an opportunity to support Cercano’s Operations, Treasury, and Reporting Departments across a variety of responsibilities and functions.  The ideal candidate is someone with excellent organizational skills, detail oriented, self-starter, and inherent curiosity for investment management.  The individual should be willing to dive into uncertain situations across a broad spectrum of middle, and back-office responsibilities with the ability to provide recommendations and solutions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Middle-Office

·         Assist with the CRM system management to track and update investment records and attribution;

·         Assist in providing quality control and maintain data oversight of investment records;

·         Support operational due diligence of prospective and ongoing investments;

·         Assist with the ongoing daily operations and oversight of external service providers to ensure timely and accurate ongoing management of investments;

·         Assist with the quarterly valuation cycle;

·         Assist with accounting and performance reporting questions;

·         Other ad hoc projects, as necessary.

Treasury

·         Develop cash management reports within PowerBI to assist in tracking public and private fund cash balances;

·         Assist in maintaining robust data within our Treasury Management System (Hazeltree);

·         Onboard and implement new features around tracking and automating debt and collateral functions within the Treasury Management System;

·         Other ad hoc projects, as necessary.

Reporting

·         Assist with quarterly client reporting process;

·         Assist with reporting for portfolio management team;

·         Other ad hoc projects, as necessary.

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/or ability

Required

·         An understanding of basic accounting, risk management and private investment strategies

·         Understanding of financial markets within all asset classes

·         Technical ability and knowledge regarding report development and reporting metrics

·         An understanding of investment performance metrics and fair value

·         Strong written and verbal communication skills

·         Solid analytical and creative problem-solving skills

·         Ability to exhibit high integrity and maintain discretion and confidentiality

·         Natural curiosity and strong initiative to learn

·         Strong attention to detail and organizational skills

·         Self-motivated and pro-active with the ability to work independently to meet tight deadlines

·         Team player; flexible to learn other responsibilities and adapt to client needs

·          Candidates entering their junior or senior year of studies (in the Fall academic year)

Computer skills

·         MS Office (Word, Excel, Outlook, PowerPoint, Power BI)

Education/experience/certifications

·  Flexible to consider an in-process undergraduate or graduate degree with a strong understanding of finance, accounting and/or economics principles and having a detailed, curious, creative, and problem-solving mindset.

SALARY RANGE:   $22 per hour

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. 

Benefits:

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, Benefit. 

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. 

Salary : $22