Job description
Job Terms: Full Time
Reports To: Vice President – Finance
Company Description:
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. The team has approximately 400 years of collective experience with a focus on complex situations.
Job Description:
This is an opportunity to join this premier, dynamic and fast-growing team at a key inflection point! The Accounts Payable and Operational Treasury Manager will be responsible for overseeing the accounts payable and employee expense reimbursement process for Clearlake’s management, GP and affiliated companies (~80 companies), and Clearlake’s funds and portfolio companies (~300 companies). Some of the specific tasks are as follows:
• Manage and supervise the accounts payable department and accounting team
• Responsible for reviewing vendor bills and wires (~700 vendors) in Bill.com and NetSuite for Clearlake’s management and affiliated companies, funds, and portfolio companies
• Responsible for reviewing employee expense reimbursements (currently 109 employees) and corporate card expenses in Concur, ensuring compliance with Clearlake’s Travel &
Expense Reimbursement Policy
• Responsible for cash management, including reviewing wires and initiating wire transfers
• Ensure the companies obligations are paid timely and oversee all payment transactions
• Ensure all bills are properly coded and allocated in accordance with the company’s accounting policies
• Monitor the AP inbox for urgent requests and respond timely
• Oversea the daily bank reconciliation process, ensuring manual vendor payments via wires and check refunds are booked daily
• Maintain general ledger functions related to accounts payable and accounts receivable
• Responsible for preparing and reviewing the annual 1099 tax forms issued to vendors
• Take ownership of system implementations related to AP and expense allocation, ensuring adequate testing is performed and risks are mitigated before going live
• Collaborate with FPA and Corporate Accounting teams to close faster and provide better reporting over spend to management
• Mentor and train the Accounts Payable and Corporate Accounting teams to create efficiencies in the close process, automate and streamline processes
• Assist with other accounting functions and projects, as needed
Qualifications:
• Bachelor’s degree in accounting or finance required
• 5-7 years of relevant experience required
• Fund or asset manager experience preferred, but not required
• Must have substantial AP system experience (Concur and Bill.com or other similar AP
systems), as well as 1099 filing experience
• Prior experience working with accounting software such as NetSuite
• Strong organizational skills with incredible attention to detail and commitment to quality
• Ability to communicate effectively, collaborate with other departments, and build relationships with internal and external stakeholders
• Ability to multi-task, prioritize and adapt to a fast growing and changing environment
• Proficient in Microsoft Excel
• Systems implementation experience is a plus
• Certified Public Accountant designation is a plus
• Possess respect for our dynamic people centered culture with the sense to know when to follow and when to lead
Compensation:
• Competitive
• Full benefits
Clearlake Capital Group, L.P.
233 Wilshire Blvd., Suite 800
Santa Monica, CA 90401