Accounts Payable Specialist - Cascade Asset Management Company
Juanita, WA 98033
About the Job
Cascade Asset Management Company (Cascade) is proud to protect and grow capital in service of Bill Gates and the Bill & Melinda Gates Foundation Trust in support of their mission-related and philanthropic activities. Mr. Gates and the Foundation Trust are committed to creating a world where every person has the opportunity to live a healthy, productive life.
Located in the Seattle area, Cascade applies its fundamental, long-horizon investment approach across asset classes and geographies, primarily through direct investing, as well as through a select group of funds and segregated accounts. Cascade offers the unique blend of being part of a team that manages a multi-billion-dollar portfolio while also working with professionals in a culture that values intellectual curiosity, collaboration, and respect.
Team Description
Our 11-person Finance team is responsible for overseeing the accounting operations for Cascade, maintaining accounting systems, driving and monitoring financial internal controls, supporting our investment professionals and other internal partners, and providing financial analysis and reporting. We operate in a hybrid work environment, with three in-office and two remote workdays per week.
Position Description
Are you a seasoned Accounts Payable professional seeking a significant career opportunity? Cascade, a leading private asset manager located in the greater Seattle area, is actively seeking an individual to join our dynamic accounting team. At Cascade, we oversee a multi-billion-dollar global portfolio, employing a strategic approach that involves both direct investments and collaboration with external managers.
As the Accounts Payable Specialist, you will play a pivotal role in ensuring the precise and timely recording and reporting of vendor invoices and payments. Your responsibilities will extend to overseeing the month-end close process, conducting variance analysis, and making valuable contributions to our monthly reporting efforts. We are looking for a candidate who is not only proficient in accounts payable tasks but also possesses a genuine passion for this field and a commitment to growing within it. If you are an experienced professional ready to make a significant impact in a dynamic financial environment and aspire to build a rewarding career path within the accounts payable domain, we encourage you to explore this exciting opportunity with Cascade.
Key Responsibilities
- Manage invoices with precision, ensuring timely processing through review, approvals, and payment for multiple entities into different systems (Yardi, Unifier, and Legal Tracker).
- Maintain an accurate vendor database, by entering and validating contact details, banking information, payment terms, and default set up codes into different systems (Yardi and Unifier) and submitting for vendor approval through controlled approval workflows.
- Code invoices and credit card purchases in the general ledger consistently and accurately.
- Track and enter monthly/quarterly invoices under contracts where vendors do not provide invoices (e.g., consulting agreements, rent, homeowners association fees).
- Initiate and oversee vendor payments via check, ACH, or wire payment, coordinating internal processes for payment approval.
- Initiate and oversee capital call payments via wire payment, coordinating internal processes for payment approval.
- Manage positive pay uploads for check issuances and review any exceptions.
- Keep the accounts payable master list updated to ensure recurring invoices are received on time, proactively contacting vendors to prevent missed payments.
- Oversee accounts payable period closing, engaging with accountants about accruals.
- Resolve accounting queries, conducting research and responding to internal and external client requests.
- Collaborate with the Accounting team to generate monthly reports.
- Ensure compliance with State and Local reporting requirements, including WA sales & use tax filings.
- Maintain a current W-9 database for 1099 requirements and complete annual 1099 reporting.
- Foster effective communication and build strong relationships throughout the organization.
- Contribute to reporting and process improvements within the team and across the organization, documenting updated processes.
- Assistance with monthly financial data import as requested.
- Undertake ad hoc reporting and projects as requested.
Skills and Qualifications
- Minimum of 6 years of dedicated accounts payable experience required.
- Strong aspiration to pursue and excel in a long-term career path within the accounts payable domain, with a commitment to shaping and enhancing best practices in this specialized area of finance.
- Working knowledge of all aspects of accounting (Payroll, A/R, A/P, Fixed Assets, etc.).
- Proficiency in Microsoft Office, especially Excel; Yardi general ledger experience preferred.
- Strong analytical skills with a high degree of accuracy and attention to detail.
- Results-oriented, self-starter with a high level of initiative.
- Ability to thrive in a fast-paced environment under strict time constraints.
- Superior interpersonal and communication skills to deliver high-quality customer service.
- Capability to handle multiple tasks efficiently and prioritize effectively.
- Collaborative team player adept at working with internal and external contacts.
- Ability to navigate ambiguity with good judgment in resolving issues.
- Must manage highly confidential information with professionalism and unquestionable integrity.
Cascade is committed to paying employees equitably for substantially similar work. A reasonable estimate of the current base salary range for this position is listed above with the exact amount driven by several factors including relevant experience, knowledge, education, degree to which a candidate meets the role requirements, and other qualifications. We believe that our employees are the reason for our success, and in recognition of their contributions, we offer eligible employees a discretionary annual bonus.
Cascade proudly supports our employees and their families with a comprehensive fully paid benefits package, including medical, dental, vision, life, AD&D, long-term disability insurance, and a generous employer match to 401(k) retirement savings contributions. Employees are also eligible for 18 days of paid vacation each year for the first four years of employment, eight paid holidays, up to three floating holidays per year, up to 14 days of sick leave, and generous paid parental and family leave. Our benefits also include several employee wellness programs and mental health resources, a charitable giving match, and reimbursement for fitness, daycare, and/or commuter expenses.
What We Value
Cascade values diversity, equity, and inclusion and is deeply committed to providing equal employment opportunity for all employees and all applicants seeking employment. All employment decisions are based on a candidate's or employee's capabilities and qualifications without regard to race, color, creed, religion, sex, sexual orientation, gender expression or identity, age, national origin, citizenship, veteran, military, marital status, sensory, physical, or mental disability, genetic information, or any other status or characteristic protected by applicable law. Questions regarding accommodation requests due to a disability should be directed to Human Resources.
Employment Requirements
Upon hire, you are required to present proof of your eligibility to legally work in the U.S.
PI239610043
Source : Cascade Asset Management Company