Director of Alternative Investments Middle and Back Office Support

Responsibilities

• Manage the alternative investments capital call and distribution process, ensuring that all transactions are processed timely and accurately. Review and distribute daily reporting associated with activity.
• Manage the alternative investments oversight process to ensure that transactions are reflected accurately in the official books and records. Work with alternative’s administrator and third-party consultants to align records and ensure consistency in reporting.
• Manage the reconciliation process of market values for alternative investments as reported in the official books and records to the general partners’ statements.
• Manage the quarterly fee reporting process which includes the tracking of ILPA fee templates and other fee documents as well as the analysis and reporting of fee data.
• Manage the annual reporting to the Systems including fees and market value reporting.
• Manage the reconciliation of IRR and TVPI between consultants and alternative administrator.
• Oversees the accounting for Alternative Investments and can verify the accuracy in the accounting records and provide guidance to operations team and support external audit.
• Participate in discussions with Investment Staff, Investment Managers, Consultants and others to ensure that investments are correctly recorded and reported.
• Manage the operations due diligence process for potential new alternative investments and participate in operations due diligence meetings.
• Assist with any automations and conversion efforts to new technology platforms; conduct research to support data analysis and resolve discrepancies.
• Manage two operations teams including training and development of the team;
• Perform other related duties and functions as required.

Qualifications

• A baccalaureate degree in finance, economics, accounting, business, or a related field, and five (5) or more years of satisfactory full-time experience in a financial services organization handling Middle Office and Back Office functions similar to those described in the bulleted list of the job description above; at least 18 months of this experience must have been in an administrative, managerial, or supervisory capacity, supervising professional staff engaged in performing functions mentioned above; or,
• A graduate degree from an accredited college in the fields mentioned in “1” above and three (3) or more years of progressively responsible full-time professional experience as described above; at least 18 months of this experience must have been in an administrative, managerial, or supervisory capacity, supervising professional staff engaged in performing functions mentioned above.

Preferred Skills

• Supervisory experience managing multiple team of finance/accounting professionals and multiple operational processes
• Familiarity with My State Street, Solovis and other asset management tools preferred
• Superior project management skills and demonstrated ability to multitask across various functional areas
• Experience managing an annual audit of a portfolio
• Strong communications skills including excellent Microsoft Office (Excel, PowerPoint) computer skills at the user level
• Understanding of accounting practices and principles related to Alternative Investments asset classes