AP/AR
Job Description
- Opportunity to work with a leading global fund \n
- Competitive compensation and benefits. \n\n
- A degree in finance, accounting, or a related field. \n
- Strong understanding of accounts payable and receivable processes. \n
- Proficiency in financial software and tools relevant to the role. \n
- Attention to detail and accuracy in managing financial data. \n
- Problem-solving skills to address discrepancies effectively. \n
- Ability to work collaboratively in a team-oriented environment. \n
- Reconcile bank statements and financial records to ensure accuracy and compliance. \n
- Prepare and review financial reports for internal and external stakeholders. \n
- Monitor and resolve discrepancies in financial transactions and records. \n
- Collaborate with internal teams to maintain efficient workflow processes. \n
- Assist in budgeting and forecasting activities to support financial planning. \n
- Ensure adherence to company policies, procedures, and regulatory requirements. \n
- Provide support during internal and external audits as required.
About Our Client
\n\nBrookfield Asset Management Inc. is a leading global alternative asset manager focused on property, renewable energy, infrastructure and private equity, with over $1 trillion of assets under management. Based in Toronto and New York have more than 2,700+ investment professionals and ~240,000 operating employees working in 30 countries around the world. Brookfield is publicly listed on the NYSE and TSX. The Brookfield Private Equity Group has $145 Bn of assets under management and is a long-term owner and operator of world-class assets and businesses.
\n\nJob Description
\n\n
\n · Responsible for end-to-end AR/AP function across all legal entities supporting PE business.
\n · Lead discussions required to facilitate resolution of issues/queries with Private Funds team, IT and other stakeholders, to facilitate ad-hoc urgent payments, manage escalations.
\n · Ensuring data integrity between accounting ledger, sub-ledger, and between systems that interact with the accounting ERP.
\n · Responsibility for monthly and quarterly management reporting packs to help monitor AR balance, movement in AR, settlements, invoicing, delays in settlement etc.
\n · Laise with Private Funds/Fund Controllers team to ensure AR balance in Manager books anchors back to AP balance as per funds.
\n · Liaise with Treasury team and Private Funds team settle AR balances as and when cash is received.
\n · Onboarding of existing funds onto a new expense allocation tool which acts as a subledger of the AR balances.
\n · Understand end to end AP/AR workflow and controls around new vendors, projects, approval matrix for expenses and so on.
The Successful Applicant
\n\nA successful AP/AR professional should have:
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