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AR/AP Accounting Specialist

About the Role

The AR/AP Accounting Specialist administers the firm’s accounts payable, accounts receivable, and client billing functions while ensuring the accurate processing, recording, and reporting of financial transactions. This role serves as the subject matter expert for AR/AP systems, manages compliance documentation, processes client billing and cash receipts, and supports the overall financial operations of the organization. Working closely with the Finance team, the AR/AP Accounting Specialist analyzes transactions, resolves discrepancies, identifies process improvements, and helps maintain accounting procedures and controls that support the firm’s financial accuracy, compliance, and operational effectiveness. This position plays an important role in delivering exceptional internal and client experience while safeguarding the integrity of the firm’s financial records.

Key Responsibilities (including but are not limited to):

Own and manage accounts payable and accounts receivable functions, including billing and cash application
Process invoices by verifying transaction details, scheduling payments, preparing disbursements, and obtaining appropriate authorization
Leads all vendor communications
Responsible for vendor set up in the accounting and AP systems and ensuring vendor records include compliance related forms.
Subject matter expert to the AR and AP systems
Analyze and verify the accuracy of sub-advisor manager invoices and process related payments
Receive, process, and post incoming payments; resolve discrepancies as needed
Perform financial calculations related to billing adjustments, refunds, or amounts due
Responsible for managing and overseeing monthly and quarterly client billing processes
Verify accuracy of billing data prior to invoice distribution
Resolve billing questions or issues in a timely and professional manner
Ensure new accounts are properly set up within accounting and billing systems
Process corporate credit cards and employee expense reports in accordance with firm policies
Assisting with recording and reporting the firm’s results of operations and/or financial condition related to accounts payable and accounts receivable
Assist the Finance team by researching issues, analyzing business processes, and recommending efficiency improvements
Assist in the development and documentation of accounting procedures
Maintain working knowledge of generally accepted accounting principles
Provide support on special projects and additional tasks as business needs arise

Qualifications

Bachelor’s degree in Accounting or a related field preferred
Minimum of 2 years of relevant accounting or finance experience
Experience within financial services or a financial institution environment preferred
Experience with accounts payable, accounts receivable, billing, or general ledger support
Ability to manage multiple priorities while maintaining accuracy and deadlines
Proficiency with Microsoft Office, particularly Excel
Experience with QuickBooks or similar accounting software preferred

What We Offer

Competitive salary commensurate with experience
Comprehensive benefits package
Professional development opportunities
Collaborative and supportive work environment
Opportunity to grow with an expanding advisory firm

Application Process

Please submit your resume along with a cover letter highlighting your relevant experience leading HR functions, aligning HR strategy with business goals, and fostering a values-driven culture to hr@sendero.com

About Us

Sendero^® is a boutique, independent partner-led, employee-owned firm created to help families focus on navigating wealth and the complexities surrounding wealth. Each of the Sendero^® partners brings decades of professional and personal experience to situations. In addition to having a deeply experienced and sophisticated investment team, we have developed the expertise to deal with complex, multi-generational family needs. Incorporating institutional practices allows us to create a disciplined and thoughtful approach to the significant challenges that families face. We focus on creating sustainable, repeatable, long-term plans for our clients that include public and private investments, acquisition and disposition of business and personal assets, risk management, family office management, family foundation management, and multi-generational legacy training, as appropriate. In addition, we have developed a dedicated program that focuses on women. For more information, visit sendero.com.

Sendero^® is comprised of Sendero Wealth Management, LLC, Sendero Family Enterprise, LLC, Sendero Securities, LLC and Sendero Partners, LLC. Sendero Wealth Management is an SEC registered investment advisory firm serving clients with investable assets of $3 million and above. Sendero Securities, a broker-dealer and member of FINRA/SIPC, may offer alternative investments. Investment management services are not provided by Sendero Family Enterprise.

Job Duties

Build a Relationship Based Practice: fostering deep, trusted, and long-term relationships across generations to help families dedicatedly navigate situations and decisions related to life stages and wealth transfer
Support 50-75 clients, take a leadership role in 10-20 client relationships
Independently provide investment guidance, and implementing strategies for clients
Own monthly financial modeling and database management responsibilities such as IPS Targets and portfolio monitoring to proactively identify opportunities
Master understanding of risk statistics and various other portfolio measurement tools to verify accuracy of investment strategies and benchmark performance
Master understanding of global markets
Use of independent judgement & decision making abilities as well as questioning decisions & probing deeper to ensure best decisions are made

Lead the Sendero Guidance Process with clients
Create asset allocation recommendations based on investment team’s asset allocation targets and clients’ needs
Ability to successfully discuss in-depth investment related questions
Collaboratively work with all areas of the firm ensuring client request and needs are executed in a timely manner
Full control in the Request for Proposals process
Take a leadership role in firm projects
Attend prospect presentations and assist in the on-boarding process
Attend marketing and business-related events as necessary and/or required

Qualifications:

A minimum of a bachelor’s degree preferred in business-related field (accounting, finance, economics, risk management, data analytics, data science or mathematics)
Required: 5+ years investment related experience
Strong knowledge of portfolio performance and rebalancing systems
Strong presentation skills in front of individuals and groups
Lead a team of Portfolio Managers by mentoring and coaching
Knowledge of Bloomberg and/or FactSet
Series 65 license is required and remain in good standing
Assume an active role in community board(s)

Competencies:

Experience with and/or knowledge of behavioral finance
Deep experience in serving families of wealth including Cash Flow Analysis, Income Protection, and Asset Protection
Deep understanding of asset allocation and how markets work
Ability to build trust and relationships with clients and their families
Ability to manage multiple tasks with acute attention to detail while working autonomously
Ability to consistently deliver results in a timely manner
Ability to simplify complex topics
Intellectually curious, team player with a desire to make a difference
The personal qualities of honesty, loyalty, humility, diligence, attention to detail, and analytical orientation