Revenue Accounting Senior Associate, CAIS
$85-120k
+ Bonus
Alternative investment platform
Posted today
Alternative investment platform
501-1000 employees
Posted today
$85-120k
+ Bonus
501-1000 employees
Company mission
To democratise access for independent financial advisors by breaking down barriers that prevent them from connecting with experienced alternative asset managers.
Role
Who you are
- Bachelor’s degree in Accounting, Finance, or a related field
- CPA Strongly Perferred
- 4-6 years of revenue operations, billing, or accounts receivable experience within financial services
- Prior experience at a hedge fund, private equity firm, fund administrator, or alternative investment platform strongly preferred
- Self-starter who takes initiative, learns quickly in a fast-paced environment and will implement new methods to improve ways of working
- Strong attention to detail with exceptional critical thinking and problem-solving skills
- Exceptional organizational and interpersonal skills
- Impeccable written and verbal communication skills
- Strong commitment to continuous professional development and improvement of the team
- Excellent relationship management aptitude and attitude
- Demonstrated AI fluency: comfortable using AI-assisted tools (e.g. drafting, summarization, research) in day-to-day work, with sound judgment about when and how to apply them
- Prior experience in a small to mid-sized firm or startup environment preferred
- Experience with NetSuite and BillingPlatform or similar revenue automation tools preferred
What the job involves
- We are seeking a detail-oriented and motivated Revenue Senior Associate to join our Corporate Finance team
- This is a mid-to-senior individual contributor role with broad visibility across CAIS’s revenue operations and close collaboration with Finance, Fund Management, Legal, and Operations
- This high-impact role will own end-to-end revenue and AR processes across multiple subsidiaries and business lines, lead the utilization and optimization of revenue automation tools, and serve as a key contributor during month-end and year-end close
- Own the monthly revenue close process for multiple entities, including revenue accruals, reconciliations, journal entries, and preparing supporting schedules
- Review customer contracts and evaluate revenue recognition under ASC 606; Ensure revenue across CAIS's revenue streams is recognized in compliance with ASC 606, including contract review, accurate recording, and audit-ready documentation
- Oversee the end-to-end customer billing processacross CAIS's various subsidiaries and business lines, covering management fees, placement fees, and platform revenue on a monthly, quarterly, or annual basis, validating against fund agreements prior to issuance
- Oversee incoming payments and monitor accounts for overdue balances, following up with clients, fund administrators, and custodians to resolve discrepancies and outstanding receivables
- Maintain accurate AR and GL records, including preparing and posting transactions, reconciling accounts, and investigating discrepancies
- Utilize and optimize BillingPlatform to streamline invoicing and automate revenue workflows, supporting broader revenue automation initiatives as needed
- Prepare aging reports and monthly AR financial reports, and contribute to month-end, year-end close, and annual audit processes
- Establish, document, and continuously improve internal controls and processes across the AR and billing function, identifying opportunities to improve efficiency as CAIS grows
- Partner with Fund Management, Operations, and Sales to ensure fee calculations and invoicing are accurate and aligned with executed fund agreements and advisor contracts
- Perform other duties as assigned related to accounts receivable and finance
Our take
Financial advisors often face challenges in accessing education and alternative investment funds due to the absence of an integrated platform for discovering these opportunities. This gap can hinder their ability to offer clients diverse investment options and make informed decisions.
CAIS addresses this need by providing an online marketplace that facilitates direct communication between financial advisors and asset managers regarding alternative investments. The platform sources expert advice across various sectors, including hedge funds, private equity, credit, real estate, and digital assets, allowing advisors to access valuable insights and opportunities.
With thousands of financial advisors utilising its services, CAIS oversees more than $1.2T in assets. The company has partnered with major custodians like Fidelity and Schwab, collectively managing over $6T in assets for more than 15,000 advisors. Following substantial funding and achieving unicorn status in 2022, CAIS is now focused on advancing its technology, enhancing customer experiences, and digitising product operations for both fund managers and financial advisors
Kirsty
Company Specialist at Welcome to the Jungle
Insights
17% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2022
$100m
LATE VC
Jan 2022
$225m
SERIES C
Total funding: $395m
Company benefits
- Healthcare & wellness: We offer highly subsidized medical, dental, vision plan options, and monthly reimbursements to support your lifestyle outside of work
- Coverage Waiver Allowance: Have benefits through another source? Receive a monthly allowance for waiving coverage
- Voluntary benefits: Enjoy discounted pricing on virtual marketplace retail benefits, pet insurance, legal, identity theft, critical illness, hospital coverage, and additional life and AD&D insurance
- Paid parental leave: New parents receive up to 16 weeks of fully paid leave
- Flexible PTO: Take the time you need in coordination with your team and manager. Plus, enjoy nine paid holidays throughout the year
- 401(k) matching: Participate in a comprehensive 401(k) plan with a 4% match
- Free Food: Take advantage of our in-office lunch program and a fully stocked kitchen
- Team events: Join our monthly happy hours, team building activities, and other events to ensure we stay connected
Company HQ
Midtown East, New York, NY
Leadership
Matt Brown
(Founder & CEO)Previously the Founder and Managing Principal at Brown Simpson Asset Management for 5 years and Managing Director at Fairfield Greenwich Group for 3 years.
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