General Partnerships (GP) Accountant

Cerberus • Full-time • New York, United States of America • 4w ago

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $67 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 www.cerberus.com.

Job Purpose:

Cerberus is seeking an Accountant to join our General Partnerships (GP) Accounting and Reporting team. In this role, you will perform accounting and reporting for our General Partnerships (GP) program. Responsibilities will include creating profit and loss statements, carried interest calculations, and analyzing vesting allocations to maintain our meticulous financial standards. Your attention to detail and commitment to precision will be crucial in this aspect. In addition, you will collaborate with the team to modernize and enhance our operational processes. This will include projects with automation, documentation, risk management, and controls.

Responsibilities & Deliverables:

Review and maintain the ledgers for the General Partner entities with high attention to detail
Ledgers are maintained in Business Central, our third-party accounting software
Perform key processes including cash management, capital calls and cash/in-kind distributions
Review profit/loss, carry and vesting allocations to the partners of the GP entities
Assist with the preparation and review of quarterly/annual financial reporting, including supporting documentation for balance sheet, P&L, capital accounts and other financial reconciliations
Review GP statements to ensure accuracy and timely distribution to partners
Serve as a liaison to other departments (fund finance, tax, legal, compliance, etc.) and assist with GP requests
Drive automation of processes by leveraging Anaplan and other systems
Contribute to documentation efforts for GP specific policies and procedures

Key Requirements:

2-6 years of accounting experience, with a focus on partnership accounting and/or financial services experience
Public accounting or fund experience a major plus
Open to fund accountants looking to shift to partnership accounting
An undergraduate degree in accounting or finance
CPA is preferrable
Excellent project management and organizational skills
Ability to effectively prioritize multiple projects with high attention to detail.
Creative problem-solving ability and judgment
Ability to use own initiative to take responsibility for decisions and propose solutions
Appreciation for confidentially and consistent application of discretion when handling sensitive information
Experience with Business Central or other fund accounting software is preferred

The base salary for this position is expected to be between $100,000.00 and $130,000.00. 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.