Analyst, Accounts Payable (Preferred candidates from Mumbai location only)
About Cerberus
Founded in 1992, Cerberus is a global leader in alternative investing with approximately $55 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 Analyst to join our Accounts Payable team. This team is responsible for processing all payments for the firm and ensuring expenses are appropriately allocated to the management company and funds. Expense categories which are allocated to the funds relate to the funds operations, including legal, auditing, payroll (and benefits), consulting, research, and administration expenses. In addition, allocated expenses may include amounts for sourcing, acquiring, holding and disposing of the Funds investments.
You will be responsible for assisting in the full life cycle of an expense including reviewing and allocating invoices in the Accounts Payable software, routing invoices through approval workflow, executing wire payments, and assisting in the expense allocation close process including preparing, reviewing, and analyzing all expenses booked, and understanding the related allocation methodologies of these expenses to the funds.
Responsibilities/Deliverables
- Vendor Management and Onboarding: Oversee the vendor onboarding process, ensuring all documentation is collected and verified. Maintain accurate vendor records and promptly address vendor inquiries or issues.
- T&E Auditing and Expense Reimbursements: Conduct comprehensive audits of employee travel and expense reports to ensure adherence to company policies. Process expense reimbursements accurately and in a timely manner.
- Reconciliations: Conduct daily reconciliations of accounts payable transactions and resolve discrepancies. Collaborate with other departments for accurate financial reporting. Post accounts payable transactions and book reclassification entries as required.
- Invoice Processing: Review and process invoices, ensuring proper coding and approval. Monitor and manage the accounts payable inbox, responding to inquiries and resolving issues as necessary.
- Payment Processing: Prepare and process payments to vendors, maintaining accuracy and timeliness. Monitor payment schedules and manage cash flow efficiently.
- American Express Program Administration: Administer the American Express program, including card issuance, expense tracking, and reporting. Ensure compliance with company policies and resolve any related issues.
- Concur Administration: Manage the Concur expense management system, including user setup, policy configuration, and troubleshooting. Provide training and support to employees on using Concur.
- Expense Compliance Training: Lead training sessions on expense compliance, ensuring that employees understand company policies and procedures related to travel and expense reporting.
- Concur Administration: Oversee the Concur expense management system, including user setup, policy configuration, and troubleshooting. Provide training and support to employees on using Concur, ensuring they understand and adhere to company policies and procedures related to travel and expense reporting.
- Vendor Inquiries: Address vendor inquiries promptly and professionally, resolving any issues related to payments, invoices, or account discrepancies.
- Invoice Allocations: Prepare invoice allocations across Funds, Management Company, and Portfolio Companies, ensuring accurate and timely processing.
- System Maintenance: Conduct regular maintenance of the datawarehouse and expense systems
- Process Flow Documentation: Draft and maintain process flow diagrams and documentation of procedures
- 1099 Processing: Responsible for 1099 filing
- Reporting: Generate and analyze accounts payable reports, providing insights and recommendations for process improvements. Assist with month-end and year-end closing activities.
Key Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- 3 - 7 years of experience in accounts payable.
- Strong knowledge of Vendor Management, T&E, reconciliations and expense allocation concepts.
- Experience with Concur, Microsoft Business Central, Basware, Tymetrix, and AppZen is a plus.
- Proficiency in Microsoft Office Suite.
- Excellent organizational and time management skills.
- Strong attention to detail and accuracy.
- Ability to work independently and as part of a team.
- Strong communication and interpersonal skills.
