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.
What is Investment Ops?
The Investment Operations team provides trade and operational support to over 40 different Lines of Business. We create significant value across the Firm’s investment strategies and infrastructure functions by providing data analysis, reporting, and by developing solutions to complex operational hurdles to allow the business to achieve its goals. We adapt to dynamic business requirements by combining product expertise, technology, and a flexible, data-driven approach.
What is Corporate and Private Ops?
The Corporate and Private Operations (“CAPO”) team works as part of the broader Investment Operations team to specifically support the Firm’s Corporate Distressed, Emerging Markets, NPL, Private Equity, and Real Estate investment strategies. The team works closely with the trading desks on closing new deals, liquid trading activity, portfolio financing, and hedging risk. The team supports the private investment strategies (NPLs, PE, RE) by booking funding activity, returns of capital, maintaining portfolio allocations, and instructing cash movements. The team also supports all firm FX hedging.
Associate Responsibilities
- Maintain the entire lifecycle of products traded across all trading desks and strategies supported by the CAPO team. Products include fixed income (corporate bonds, US Treasuries), equities, financing arrangements (Repo, Margin Loans), derivatives (Interest Rate Swaps, Futures, Credit Default Swaps, Swaptions, etc.), Total Return Swaps, and FX (spots, forwards, options). Specific responsibilities include:
- Trade entry into the firm’s Order Management and Accounting systems.
- Booking and reconciling position maintenance events (paydowns, remittance, corporate actions, coupon rate updates, swap resets, CMBX rolls).
- Ensuring proper settlement of all trading activity.
- Working with fund administrators, prime brokers, and counterparties to perform critical reconciliations.
- Month end position and PnL tie-out with fund administrators to close the books.
- Daily trade reconciliation with prime brokers.
- Derivative roll tie-outs with OTC counterparties
- Reconciliation of all book and street cash activity in the firm’s cash reconciliation system.
- Coordinate and book fundings and returns of capital on the firm’s private investment portfolio (NPLs, PE, RE).
- Work with the Investment Operations and Operations Infrastructure Development teams on various projects aimed to automate/improve current processes.
- Consult daily with the TA’s and trading desks to assist with all ad-hoc requests, including P&L analysis, liquidity analysis, and hedge analysis.
- Document non-standard trades, allocation errors, and participations for the firm’s allocation committee. Create standard fund allocations and hedge allocations in the accounting system.
- Manage the proxy voting process via Broadridge and our PBs.
- Maintain meta and financial data in our Data Warehouse Management system and build Data Warehouse reporting leveraging this information.
- Ad-hoc project ownership.
- Monitor daily/weekly/monthly checks and assist in development of new checks to manage operational risk.
Desired Experience, Skills, and Background
- 4-8 years of relevant work experience, preferably in a buy/sell side operational role.
- B.S. or Master’s degree in finance, accounting, economics, or a related field.
- Experience working with fixed income, equities, financing arrangements, derivatives, and FX.
- Strong desire to learn new skills and grow professionally.
- Self-motivated and proactive attitude towards work assignments and challenges.
- Willingness to take on additional responsibilities and tasks as needed.
- Team player who can collaborate effectively with others and contribute to a positive work environment.
- Technical skills: MS Excel, other MS Office programs
- Useful technical skills: programming languages (Python, VBA, SQL), Visual Portfolio Manager, Bloomberg terminal.
- Familiarity with accounting concepts. Experience with SPV structures.
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.
