Alternatives Associate

Primary Responsibilities

• Prepare and review subscription documents for alternative investments (i.e., private equity funds, private real estate funds and hedge funds) and handle follow up questions and requests for supporting materials.
• Identify operational process improvements and contribute to the implementation of productivity and efficiency improvements to drive exceptional client service and risk mitigation.
• Work closely with our Wealth Management Team to satisfy AML/KYC requirements for client investments in alternative investments.
• Review and understand offering documents (PPMs), limited partnership agreements and related documents for alternative investments.
• Assist in developing, educating, and training the firm’s staff on alternative investment operations processes.
• Track closing dates and other deadlines for alternative investments, ensuring timely completion.
• Play a significant role in assisting in the development of robust processes and reports to keep the Wealth Management Team informed about crucial pre-fund status, processes, and requirements.
• Monitor and reconcile money movement associated with capital activity.
• Communicate effectively with internal teams, fund managers, investors, custodians, and auditors, fostering strong relationships.
• Assist with the distribution of tax documents and audited financial statements.
• Onboard new alternative investment offerings to the firm’s platform.
• Maintain accurate client records and record information in the firm’s CRM.
• Execute service requests in conjunction with the Wealth Management Team and maintain appropriate follow-up with sponsors, custodians, and clients.
• Assist with recurring audits, reporting, and projects as needed.

Qualifications

• Required: 3+ years of experience in the alternative investments or wealth management industry.
• Bachelor's degree in finance, business administration, or a related field (or equivalent work experience).
• Prior experience completing or reviewing subscription documents for private equity funds, private real estate funds, and/or hedge funds.
• Familiarity with trust, estate, and legal entity structures.
• Know Your Client and Anti-Money Laundering experience (KYC/AML).
• Proficiency in Microsoft Excel and ability to learn new applications.
• High attention to detail and organizational skills.
• Ability to work in a fast-paced environment while managing numerous projects and clients.
• Ability to work independently and take initiative while also being a team player.
• Strong interpersonal skills and a positive attitude.
• Adaptability and ability to learn new concepts quickly.
• Excellent problem-solving skills.
• Outstanding customer service skills.
• Excellent communication and organizational skills.
• Capability to develop and deliver innovative ideas as the position grows.
• Ability to collaborate and work with teammates to accomplish daily deliverables.