Business Unit:

Job Description:

Role Summary

This position is responsible for supporting the administration of private equity and private real estate funds as well as working with hedge funds and other fund complexes when needed.  Specific duties include processing capital calls and distributions, cash management, valuation support, performance measurement and reporting, audit support, systems support, preparation of regulatory and internal fund reports, monitoring and working closely with custodians and administrators to ensure fund accounting, fund expense and valuation policies and procedures are being followed.  

The Operations Analyst role performs a variety of specific activities with a particular focus on fund accounting. The analyst is expected to become involved in additional tasks and projects as required.

The responsibilities of the individual in this position include:

Fund Support

• Capital calls and distributions/subscriptions and redemptions - assisting with the preparation, tracking and completion of fund investment transactions, including detailed documentation and obtaining or providing required approvals.

• Cash management and fund expense - preparation of wire instructions, cash projections and reconciliations. Reconciling unfunded commitments.

Fund Accounting

• Assisting with the oversight of fund accounting activities including valuation, accruals and expense management. 

• Helping with various activities in relation to fund expenses.

• Supporting with the oversight of fund distribution calculations and payments.

• Assisting in the oversight of performance fee calculations.

Fund Valuation

• Valuation support - retrieving and tracking large quantities of PE/RE portfolio company valuations and inputting into industry-specific applications (Backstop).

• Preparing portfolio valuations and quarterly reports for internal and external clients.

• Providing monitoring and signoff on estimate and Final NAVs, interacting with fund administrators and underlying fund administrators regularly.  

Client Service

• Acting as a point of contact/liaison with the investment team, administrators/custodians as it relates to day to day operations of alternative investments.

• Acting as a point of contact as it relates to the reporting aspect of the funds.

• Addressing all inquiries with professionalism and timely response. 

Reporting

• Internal/External reporting - preparing, coordinating, and distributing various internal and external reports, as well as various ad-hoc reports.

• Audit and Tax Support - obtaining and tracking K-1s and foreign reporting information from underlying funds. 

• Assisting with FATCA and Common Reporting Standard (CRS) compliance.

• Preparing data for responding to client requests and audit confirmations.

Systems Support

• Inputting and maintaining fund data.

• Responding to queries and producing reports.

The successful candidate will have extensive demonstrable skills and experiences including the following:

• Accountancy qualification or part qualification, or equivalent Investment Management or Financial Services certification/diploma required.

• Business related undergraduate degree (Business / Accountancy / Economics etc) or equivalent experience / qualification needed.

• Understanding of investment strategies of alternative funds, specifically private equity, private debt, private real estate, infrastructure and hedge funds.

• Understanding of industry standards in the market place and how they compare to Russell Investment's products .

• Efficiency with Microsoft office products and overall aptitude for utilising technology to assist with business processing.

• Able to work with minimal guidelines or instructions. Work is primarily self-directed and/or policy formulating.

• Experience working with AIFM, fund administrators and/or custodians is desirable.

• Working knowledge of GAAP preferred