Senior Analyst, Alternative Investment Reconciliation

SS&C is a leading asset management firm/financial institution specializing in alternative investments, including private equity, hedge funds, real estate, and other non-traditional asset classes. We are committed to delivering exceptional financial solutions and maintaining the highest standards of accuracy and integrity in our operations. We are seeking a detail-oriented and experienced Senior Analyst, Alternative Investment Reconciliation to join our dynamic team.

Job Summary:

The Senior Analyst, Alternative Investment Reconciliation will play a critical role in ensuring the accuracy and integrity of financial records related to alternative investment portfolios. This position involves performing complex reconciliations, resolving discrepancies, and collaborating with cross-functional teams to support investment operations, reporting, and compliance. The ideal candidate will have strong analytical skills, deep knowledge of alternative investments, and a proven track record in reconciliation processes.

Key Responsibilities:

• Reconciliation of Accounts: Lead the reconciliation of complex alternative investment accounts, including private equity, hedge funds, real estate funds, and derivatives, ensuring accuracy and compliance with internal policies and regulatory standards
• Discrepancy Resolution: Investigate and resolve discrepancies in financial records, including cash balances, valuations, collaborating with portfolio managers, accounting teams, and custodians to identify root causes and implement corrective actions.
• Reporting and Analysis: Prepare detailed monthly and quarterly reconciliation reports, scorecards, and issue logs for senior management and external auditors, ensuring timely and accurate delivery of financial insights.
• Process Improvement: Develop and maintain reconciliation policies, procedures, and automation tools to enhance operational efficiency and accuracy. Identify areas of waste or inefficiency and drive process improvement initiatives.
• Portfolio Support: Provide back-office support for alternative investment portfolios, including trade settlements, cash flow monitoring, and coordination of subscription/redemption activities within established deadlines.
• Audit and Compliance: Assist with internal and external audits, ensuring compliance with regulatory requirements and providing documentation and analysis as needed.
• Stakeholder Collaboration: Work closely with portfolio managers, accounting, treasury, and third-party service providers (e.g., custodians, transfer agents) to ensure seamless operations and accurate reporting.
• Data Management: Monitor and analyze large datasets, leveraging tools like Excel, VBA, or specialized reconciliation systems (e.g., Recon-Net) to ensure data integrity and support decision-making.
• Regulatory and Market Acumen: Maintain a strong understanding of global capital markets and regulatory frameworks impacting alternative investments, ensuring reconciliations align with industry standards.
• Mentor junior analysts, review deliverables, and provide guidance to ensure daily responsibilities are completed accurately and on time.

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, Economics, or a related field. A Master’s degree (MBA, Finance).
• Experience: Minimum of 4-6 years of experience in financial reconciliation, fund accounting, or alternative investment operations, with at least 2 years in a senior or lead role.

Technical Skills:

• Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, macros, etc.) and accounting/reconciliation applications e.g. Smart desk, EzOps etc.
• Knowledge of investment systems (e.g., Bloomberg, Thomson, DTCC).
• Industry Knowledge: Strong understanding of alternative investments (private equity, hedge funds, real estate) and familiarity with derivatives, NAV calculations, and global regulatory frameworks.
• Analytical Skills: Exceptional problem-solving and analytical abilities, with a keen eye for detail and the capacity to handle complex datasets.
• Communication Skills: Excellent verbal and written communication skills, with the ability to present findings clearly to senior management and external stakeholders.
• Leadership: Proven ability to mentor junior team members and manage multiple assignments in a fast-paced environment.
• Other: Ability to work independently, meet tight deadlines, and adapt to changing priorities in a high-pressure setting.

Preferred Skills:

• Experience with fund accounting, and general ledger reconciliation.
• Strong organizational and time management skills to ensure timely and accurate deliverables.
• Ability to build and maintain relationships with key stakeholders, including custodians and investment teams.