Revenue Accounting - Senior Associate
About the role
CAIS is the pioneer in democratizing access to and education about alternative investments for independent financial advisors, empowering them to engage and transact with leading asset managers on a massive scale through a wide variety of alternative investment products and technology solutions. 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.
Responsibilities
- 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 process across 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.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- CPA strongly preferred.
- 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.
Benefits
- Generously subsidized healthcare with 100% employer-paid dental and vision insurance.
- Employer-matched retirement plan.
- Wellness programs.
- Generous PTO and parental leave.
Pay
If you are located in New York, New York, the base salary range for this role is $85,000 – $120,000. Actual compensation is influenced by a wide array of factors including but not limited to skill set, level of experience, and specific office location. CAIS’ compensation package includes a market competitive salary and a performance bonus.
Schedule
CAIS offers a flexible, hybrid in-office model; for most roles, we require a minimum of 3 days in office per week.