Fund Operations Specialist
1 month ago
Commonfund is seeking a detail-oriented and organized Fund Operations Analyst to join our team. As a Fund Operations Analyst, you will be responsible for reviewing daily, weekly, and monthly fund pricing/valuations, managing cash flow allocation processes, and coordinating with internal investment teams and external sub-advisors.
Key Responsibilities- Review investment manager to administrator reconciliations and ensure timely resolution of material reconciling items
- Manage cash flow allocation processes for assigned funds or accounts, including coordination with internal investment teams and external sub-advisors
- Review performance at both fund and manager levels, including analysis of returns relative to benchmark returns and comparison of manager to administrator returns
- Compile, review, and incorporate reporting from various sub-advisors of separately managed accounts and third-party investment funds
- Coordinate capital call and distribution activity for certain closed-end funds
- Assist in coordinating investment manager transitions and new fund and manager setup, acting as a liaison with the Commonfund Investment Team, the administrator(s), custodian banks, and external investment managers
- Review fund financial statements and address open items during year-end audits
- Ensure proper calculation and payment of fund and manager fees and expenses
- Review monthly data feeds to the online reporting system and investor reporting website to ensure accuracy
- Review and respond to fair valuation requests from the administrator, gathering background information to support the fair value decision when necessary
- Responsible for verification of Commonfund direct trading activity within assigned funds/accounts, including reconciliation to broker statements/confirms
- Assist with other projects as required, including regulatory and tax reporting and manager due diligence
Four-year college degree required; this position is open to recent graduates. Must possess strong Excel and data management skills. Must be detail-oriented and possess interpersonal and teamwork skills as this person will work closely with various levels within Commonfund as well as external vendors. Exposure to investment accounting, investment operations, hedge funds, private equity funds, and/or other alternative investments is a plus.
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