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 Corporate Accounting Manager will be responsible for preparing and reviewing the books and records of Clearlake’s management companies (currently 25 consolidated entities).
Some of the specific tasks are as follows:
• Manage and supervise the accounting department and accounts payable team
• Responsible for the quarterly close process and monthly soft close, including revenue recognition, daily bank reconciliations, accrued and prepaid expenses, operating leases, intercompany reconciliation and elimination, and other general book-keeping tasks
• Responsible for revenue recognition, including recording of management fees and calculation and billing of portfolio company monitoring fees
• Responsible for booking and reconciling cash daily, and billing accounts receivable to ensure timely collection
• Assist in preparing quarterly unaudited financial statements and partner capital reports, and annual audited financial statements and footnotes, audit requests, and annual tax workpapers
• Collaborate with FPA and Accounts Payable teams to close faster and provide better reporting to management
• Mentor and train the Corporate Accounting and Accounts Payable teams to create efficiencies in the close process, automate and streamline processes
• Assist with other accounting functions and projects, as needed, including expense allocation and billing, income allocation, capital calls and distributions, systems implementations
Qualifications:
• Bachelor’s degree in accounting or finance required
• 5-7 years of relevant experience required
• Fund or asset manager experience required
• 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 and NetSuite, or similar accounting systems
• Systems implementation experience and accounts payable experience (Concur and Bill.com or other similar AP systems) is a plus
• Certified Public Accountant designation preferred
• 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