Senior Analyst, Investment Operations – Cash Reconciliation

Job Description

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 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 the Cash and Position Reconciliation Team? The team plays a critical role within the broader Investment Operations framework, ensuring the accuracy and integrity of the firm’s cash activities. Their primary responsibilities include reconciling book-side and bank-side cash transactions, monitoring cash balances to maintain liquidity, and promptly resolving discrepancies that may arise from timing differences, data entry errors, or other issues. By leveraging advanced technology and data-driven methods, the team enhances efficiency, reduces manual effort, and minimizes the risk of human error. Their work directly supports operational accuracy, ensuring reliable financial reporting and informed investment decisions. Responsibilities: Assist teams with cash clearing responsibilities. Learning each team’s operational procedures front to back and applying this to the cash reconciliation seat. Work closely with the rest of the Investment Ops team to understand deal/trading activity and resolve breaks. Develop match rules to automatically clear cash breaks, enhancing the efficiency of the reconciliation process. Oversee cash balance dashboards to identify and address any material differences between book and actual cash balances. Ensure accuracy and completeness of incoming cash feeds and verify that all accounts are in proof. Resolve issues with counterparties as needed. Liaise with fund administrators on parallel cash and position reconciliation for consistency and accuracy. Maintain and update logic related to the assignment of cash breaks to specific teams. Take ownership of various ad-hoc projects aimed at improving and automating current processes within the cash reconciliation function. Monitor daily/weekly/monthly checks and assist in development of new checks to manage operational risk. Qualifications 2–5 years of experience in financial services with a focus on cash and position reconciliation B.S. or Master’s degree in finance, accounting, economics, or a related field. Strong hands-on experience with IntelliMatch (or similar cash reconciliation system) is essential. Familiarity with VPM and WSO systems is desired. Effective written and verbal communication skills. 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. Ability to work independently and as part of a global team. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $67 billion in assets under management 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. Show more Show less