Senior Associate, Treasury
4 days ago
Bellevue
Job DescriptionSalary: COMPANY OVERVIEW Cercano Management LLC (Cercano) is a SEC-registered investment manager focused on ultra-high net worth clients and the entities associated with those clients, such as a family foundation. Cercano is based in Bellevue, WA, with offices in Minneapolis, MN, 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 clients 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 This position will play a key role in supporting the treasury team helping to manage liquidity, cash investments, banking relationships, and forecasting. The Senior Associate, Treasury will need to have a strong client focus to ensure safety and security of the clients assets at all times. This position will play a key role in ensuring all liquidity needs for the clients are met as well as generating returns on cash. This will require a high level of analytical capabilities to create forecasts and communicate with senior leadership. The person will need to have a complete portfolio mindset to ensure all investment teams have the information needed on liquidity to effectively manage their investments. ESSENTIAL DUTIES AND RESPONSIBILITIES Cash Management • Experience with a Treasury Management System., • Ideal candidate will have prior experience with Hazeltree Treasury Management system, but experience with other systems such as Kyriba, G Treasury, or Reval is sufficient., • Collaborate and communicate across investment, middle office, tax, technology, reporting, and fund accounting teams to process private asset deal transactions. Candidate will lead the Treasury process to ensure proper liquidity is in the correct entities and accounts, wire instructions have been verified and setup correctly, the capital call process has been completed, and the beneficiary has received the funds. Candidate will proactively ensure all steps are completed and present to management finalized liquidity plans and have cash movements set up to ensure proper settlement and timing., • Partner with public equity portfolio managers and middle office to effectively position cash to meet daily trading needs., • Ideal candidate will have prior experience managing futures and ISDA collateral margin and provide portfolio management teams recommendations on maintaining proper collateral and margin to support trading positions. Foreign Exchange Management • Provide foreign exchange management within both private and public asset portfolios., • Coordinate settlement of fx transactions with multiple partner banks and brokerages utilizing FXall as the trading and settlement platform., • Manage settlement instructions and be able to quickly spot any settlement issues and be able to work independently with the banks to resolve any issues. Cash Reporting & Forecasting • Create and maintain complex cash reporting to assist in portfolio management decisions., • Develop and maintain cash forecasts for families and foundations to ensure private asset transactions, donations, taxes, and other cash needs are met., • Manage multiple reporting systems and data systems to ensure daily reporting is accurate and scalable., • On a daily basis, buy and sell money markets, CDs, TBills, and move cash to optimize returns while prioritizing safety and security of funds. Global Banking Relationships • Manage complex domestic and foreign bank relationships across, cash, custodial, prime broker, ISDA, and Fx partners., • Candidate will need to have significant experience dealing with banks to accomplish account setups, internal system configuration, and be able to build trusting relationships to ensure clients receive the best treatment. Strategic Initiatives • Partner with senior leadership and others on strategic treasury initiatives and projects., • Drive process improvements and automation initiatives to enhance treasury efficiency., • Other projects, as the need arises. 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 • Strong attention to detail, • Ability to work in a rapidly changing environment, • Excellent decision-making ability, • Ability to work with confidential data, maintain discretion and demonstrate trustworthiness that the data will be secure and private, • Constant focus on optimization and continuous improvement, • Extremely strong organizational and communication skills (both verbal and written) required along, • Experience managing a complex multi-office infrastructure environment, preferably one with a global footprint, • 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, • Present in office a minimum of three days a week and available during standard banking hours Experience | Education | Certifications • Strong academic credentials, including a bachelor's degree in Finance or Accounting preferred, • Minimum of 5-10 years of relevant treasury related experience, • Experience with Treasury Management Systems, Power BI, Bloomberg and Addepar, • Familiarity with global banking systems and global wire processes, • Fx trading and settlement experience, • Investment management industry experience preferably in alternative investments, family office or multi-family office environments BASE SALARY: $135,080 - $170,320 on 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, vacation and sick time off, paid holidays, paid parental leave, and the 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.