Operational Due Diligence Associate

Responsibilities

• Participate in the due diligence of fund managers, perform independent analysis, documenting findings and make investment-related recommendations for new perspective managers and as part of the ongoing monitoring process for existing relationships.
• Additionally, the Associate will perform operational due diligence on co-investments and direct investments as opportunities arise.
• Create documentation of ODD calls and prepare Investment Committee memos.
• Create summary reports, evaluate, assess, and provide an opinion on the depth and effectiveness of individual fund manager’s back-office operations and pricing procedures among other process areas.
• Review legal and marketing documents including offering memorandums, due diligence questionnaires, audited financial statements, Form ADVs, and policy & procedures documents among other agreements.
• Interact with internal teams as appropriate, including Investment Due Diligence, Legal/Compliance, Operations, and Accounting as needed.
• Support a team atmosphere including idea sharing, learning, and back-up.
• Remain abreast of industry trends, regulatory matters, and market events affecting funds, managers, clients, and the industry.
• Perform project work or other responsibilities as directed by the Director of Operational Due Diligence.
• Aid the team in preparation for travel and on-site meetings with fund managers & ex-post documentation.

Requirements

• Accounting and/or Finance major preferred
• 3-4 years of relevant work experience, specifically in a public accounting role auditing funds and/or financial services or industry experience in evaluating and reviewing fund managers
• Intellectual curiosity and a passion for learning about alternative funds and investment strategies
• Strong writing skills are required since a critical component of the job is documenting manager reviews and making investment recommendations
• Excellent organizational and communication skills as well as the ability to thrive in a team environment
• Attention to detail and ability to see projects through to completion
• Familiarity with different alternative investment funds strategies is a plus. Working knowledge of alts assets classes including hedge funds, private equity, real estate, interval funds and tender funds
• Working knowledge of equities, debt instruments, futures, forwards, swaps, real estate, CLOs, options amongst a host of other financial instruments
• CPA or CFA is a plus – or working towards
• Candidates with a background in technology are viewed favorably
• A willingness to travel up to 15% of the time