About the job
Arena Investors, LP (“Arena”) is a leading global investment management firm committed to delivering attractive, risk-adjusted returns by leveraging a fundamental, asset-oriented investment strategy across the credit spectrum. We focus on areas where traditional capital sources are limited, specializing in off-the-run, stressed, distressed, illiquid, and unique special situation transactions. Our portfolio includes a diverse range of asset types, such as private direct corporate credit, commercial real estate bridge lending, and various commercial and consumer assets.
As an affiliated special servicer, Quaestor Advisors, LLC (“Quaestor”) offers mid- and back-office services, including asset management, to both Arena Investors and external clients.
We are excited to expand our Corporate Accounting team by welcoming an experienced Accounts Receivable Specialist. The ideal candidate will be organized, self-motivated, resourceful, and capable of collaborating effectively with all internal functional groups.
Key Responsibilities:
- Manage the complete Accounts Receivable (AR) roll-forward, ensuring accurate recognition and tracking of billings, cash receipts, expense recoveries, and customer balances in line with accounting policies and internal controls.
- Conduct monthly reconciliations of AR balances to the general ledger and supporting schedules, addressing variances to guarantee the completeness and accuracy of financial reporting.
- Generate and present quarterly Key Performance Indicators to senior members of the Arena team.
- Collaborate closely with Operations, Asset Management, Treasury, and Accounting to support the billing and collections cycle, proactively managing timing, data integrity, and issue resolution to ensure timely recovery of amounts due to the management company.
- Serve as a primary point of contact for stakeholder inquiries, investigating and resolving balance questions, unapplied cash, and aging items while ensuring clear communication and prompt closure.
- Oversee daily cash activity, coordinating with the Treasury Accountant to guarantee accurate and timely recording of receipts and transfers in NetSuite, including monitoring AR-related wire activity.
- Process and review cash transfers, ensuring appropriate documentation, approvals, and accounting treatment.
- Prepare and analyze monthly balances and management reporting, providing insights into overdue balances, collection risks (e.g., balances due from non-performing borrowers), and trends for Finance leadership.
- Support the month-end close process by ensuring balances are accurate, well-supported, and compliant with internal accounting standards.