Chief Financial Officer
Company: Cascade Asset Management Company
Location: Kirkland
Posted on: October 24, 2024
Job Description:
Cascade Asset Management Company ("Cascade") is proud to protect
and grow capital in service of Bill Gates and the 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 DescriptionThe Chief Financial
Officer supervises Cascade's two accounting and financial reporting
teams - Finance and Investment Accounting. The Finance team is
comprised of 10 professionals and is responsible for our corporate
accounting, accounting for real estate holding companies and
private equity investments, maintenance of accounting systems,
financial risk and assurance activities, and our insurance and
vendor management programs. The Investment Accounting team is
comprised of 5 professionals and is responsible for overseeing the
accounting book of record for public and private investments
recorded at our global custodians. These teams support our
investment, performance, and tax teams by providing accurate
financial information, expertise, and depth in a variety of
investment products. The CFO reports to the Head of Portfolio
Analysis, Asset Allocation, and Risk (PAAAR).We operate in a hybrid
work environment, with three in-office and two remote workdays per
week.Position DescriptionThe CFO provides strategic leadership and
is responsible for driving all activities related to accounting
processes & procedures, external and management reporting, and
supporting best-in-class internal control practices and oversight.
Our CFO also leverages their depth of experience and expertise to
provide valuable consultation to senior management and our
investment professionals. This advisory work may relate to emerging
business initiatives or operational priorities within Cascade, or
support one of our significant private investments in addressing
financial or accounting risks or seizing new business
opportunities.Key Responsibilities
- Oversee all aspects of the financial accounting and reporting
functions. Maintain and oversee our system of accounting policies,
procedures and internal controls and safeguards. Identify financial
and operational risks and implement improvements to processes and
controls to maintain Cascade's high standard of excellence.
- Provide leadership and direction to expand the capabilities and
scope of our assurance and advisory function, as well as partner
with our Legal team and risk executives to ensure that this
function is properly aligned with our company-wide operational risk
management program.
- Manage, optimize, and coach a team of 15 professionals,
providing opportunities for their professional development. Set a
clear vision and expectations for the team; leverage strengths of
the individual team members, and clarify roles and responsibilities
where needed.
- Be a trusted business advisor to our executives and investment
professionals on financial, accounting, or operational matters
impacting our firm or our private investments. Offer innovative,
practical, and business-oriented ideas and solutions, and assist
with execution and implementation as appropriate. Develop
productive working relationships with accounting leaders in our
private investments.
- Work in partnership with Tax and Legal teams for transaction
support. Address complex accounting, tax issues, or legal
structures. Provide due diligence support, integration planning,
and post-close activities in partnership with our investment
professionals.
- Collaborate with other Cascade functions to implement new
business strategies or initiatives. Identify relevant
financial/accounting risks or needs and develop appropriate
solutions.
- Maintain and strengthen strategic relationships with internal
partners, banks and global custodians, and key system
vendors.Skills and Qualifications
- At least 15 years of relevant accounting/controllership
experience, including 10+ years of proven managerial
experience.
- Bachelor's degree in Accounting and CPA required.
- Big 4 public accounting experience (manager/senior manager
level) preferred.
- Strong working knowledge in a broad range of operational
accounting, finance, and technology concepts, practices, and
procedures.
- Strong knowledge and comfort with GAAP accounting principles
and reporting practices.
- Vision, strategic planning, and project management
abilities.
- Proven track-record of effective collaboration with other
departmental executives and company leadership. Customer / investor
focused.
- Demonstrated ability building and leading a high-performing
team, with a focus on mentoring individual staff and promoting
professional development.
- Experience with the asset management, private equity, financial
services, or real estate industries strongly preferred.
- Exceptional interpersonal and communication skills, with the
ability to successfully influence others.
- Intellectually curious with superlative analytical, problem
solving and organizational skills.
- Highest level of professionalism and
integrity.Compensation$255,000 - $300,000 a yearCascade 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,
a discretionary annual bonus and a discretionary long-term
incentive program is a significant portion of the total
compensation.BenefitsCascade 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 ValueCascade 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
RequirementsUpon hire, you are required to present proof of your
eligibility to legally work in the U.S.
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Keywords: Cascade Asset Management Company, Redmond , Chief Financial Officer, Accounting, Auditing , Kirkland, Washington
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