Investment Operations Manager

2 weeks ago


New York, New York, United States City of New York Full time
Job Summary

The City of New York is seeking a highly skilled Investment Operations Manager to join its team. As a key member of the Investment Operation Support (IOS) group, this individual will be responsible for managing the alternative investments middle and back office support functions.

Key Responsibilities

- Manage the alternative investments capital call and distribution process, ensuring timely and accurate processing of transactions and daily reporting.
- Oversee the alternative investments oversight process to ensure accurate reflection of transactions in official books and records, working with administrators and consultants to align records and ensure consistency in reporting.
- Manage the reconciliation process of market values for alternative investments as reported in official books and records to general partners' statements.
- Coordinate the quarterly fee reporting process, including tracking ILPA fee templates and other fee documents, as well as analysis and reporting of fee data.
- Reconcile IRR and TVPI between consultants and alternative administrators.
- Participate in discussions with investment staff, managers, consultants, and others to ensure accurate recording and reporting of investments.
- Manage operations due diligence for potential new alternative investments and participate in operations due diligence meetings.
- Assist with automation and conversion efforts to new technology platforms, conduct research to support data analysis, and resolve discrepancies.
- Supervise two operations teams, including training and development of team members, and perform other related duties as required.

Requirements

- A baccalaureate degree from an accredited college, and six or more years of satisfactory full-time experience in a financial services organization handling middle office functions or back office operational support/oversight functions similar to those 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.
- Education and/or experience equivalent to the above, with a graduate degree or a valid New York State Certified Public Accountant (CPA) license substituting for two years of professional experience.

Equal Employment Opportunity

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based on any legally protected status or protected characteristic.

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