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Senior Associate, Middle Office

Employer
Cercano Management
Location
Wayzata
Salary
94240.00 - 141360.00 USD Annual

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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 a Senior Associate, Middle Office who will play an integral role in Cercano's Finance Department directly supporting the Associate Director, Middle Office. This position is responsible for executing on the operational aspects of the deal life cycle within the private investment strategies such as venture capital, private equity, private credit, and fund-of-funds. The ideal candidate is someone with excellent organizational skills, detail oriented, and a self-starter. The individual should be willing to dive into uncertain situations in some cases without clear guidance and provide recommendations and solutions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

o Work closely with Investment Professionals, Legal, Finance, and other business partners to execute key steps in the lifecycle of a deal;
o Assist with the execution of trade, settlement, and disposition activities;
o Assist with operational due diligence of prospective and ongoing investments;
o Assist with the ongoing daily operations and oversight of external service providers to ensure timely and accurate ongoing management of investments;
o Assist with the CRM system management to track and update investment records and attribution;
o Process fundings and distributions to and from portfolio companies and funds;
o Provide quality control and maintain data oversight of investment records;
o Assist with the quarterly valuation cycle and partner with Investment Professionals and Fund Accounting to derive and support fair values;
o Prepare routine or ad hoc reporting packages;
o Assist with accounting and performance reporting questions;
o 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
??? Knowledge of operational controls, risk management and private investment strategies such as venture capital, private equity, private credit, and fund-of-funds
??? Understanding of financial markets within all asset classes
??? Knowledge of investment performance metrics and fair value
??? Experience in understanding complex investment/fund structures, including the ability to communicate them verbally and in writing
??? 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 and complete set task while managing multiple priorities
??? Team player; flexible to learn other responsibilities and adapt to client needs

Preferred
??? Experience within a registered investment advisor or regulated environment
??? Knowledge of reporting and data aggregation tools such as Power BI, Addepar, Tableau, iLevel, Canoe
??? Prior experience with investment valuation process and documentation
??? Prior experience with third-party administrators and auditors

Computer skills
??? MS Office (Word, Excel, Outlook, PowerPoint, Power BI)

Education/experience/certifications
??? B.A. or B.S. in finance, accounting, economics, or other relevant field from accredited institution
??? Minimum of 4 years of relevant investment industry experience with a hedge fund, venture capital or private equity fund

SALARY RANGE:

$94,240 - $141,360 on an annual basis.

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, unlimited paid time off, paid holidays, paid parental leave, 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.

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