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Entry Level Accounting position with major Financial client in West Conshohocken, PA.
This position is within Alternative Investment Services ( "AIS”), a team that supports Alternative Investment Partners ( "AIP”). AIP manages Brokerage's alternative investments fund of funds strategies. There are currently 130+ AIP portfolios that utilize a variety of alternative investment strategies and vehicle structures. Total net assets under management exceed $29 billion. The individual in this position will be responsible for the oversight of investor/client activities for the AIP portfolios.
Bachelor's degree, or equivalent, in Accounting, Finance, or related business field
A minimum of four years of experience in the investment management industry or related business field
Experience with private placement alternative investment vehicles such as hedge funds or private equity funds is a plus
Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner
Detail-oriented and highly motivated
Ability to work effectively with minimal supervision
Entrepreneurial spirit and demonstrated ability to take initiative
Responsibilities: in this position will include intimate knowledge of the AIP portfolios and involvement with multiple investor types (both on- and offshore, institutional and individual), Brokerage and external distribution channels, and product types including hedge funds, private equity funds, and real estate funds. The position will be a combination of client servicing, client data maintenance and input, client reporting, and client regulatory responsibilities. This individual will serve as a key resource and contact for investor-related information, reporting, and communication. This position will include significant involvement in developing and enhancing internal and external relationships, processes, and controls to ensure proper investor and Fund support as the current and new vehicles receive investors. This position will be located in the West Conshohocken, PA office.
Maintaining investor information internally and communicating investor information to one or more third party service providers on an initial and ongoing basis. These activities include using FundRunner, a third-party vendor software application, and other firm based systems to input and maintain investor account information, maintaining a regular investor information communication process with service providers, verifying the accuracy of service provider information periodically, and serving as point of contact for investor related information for internal and external needs. The data input drives a multitude of key internal and external processes, including client web-based reporting, internal business metrics tracking, and client activity and allocation reporting.
Communicating potential and actual incoming investor subscription amounts to the investment and sales teams on a timely and accurate basis to give the investment team the best information to make investment decisions.
Overseeing and supporting investor capital call, redemption and distribution process including working with members of the AIP team to determine the appropriate timing of distributions, develop the investor communication, verify investor allocations calculated by third-party fund administrator, and monitor payments to and receipts from the investors.
Overseeing investor level reporting. These activities include working with members of the AIP team and service providers to provide timely, accurate, informative, professional reporting to investors on a monthly or quarterly basis.
Preparing monthly internal client flow and AUM reporting for various management, regulatory reporting, and fee calculation needs.
Serving as a contact and resource for all internal and external requests for investor related information, including from the portfolio management, client service, compliance, legal, operations, and wealth management teams, among others.
Supporting investor qualification and Fund regulatory requirement reviews during the investor take-on process, including anti-money laundering, customer identification, suitability, ERISA, and other investor and Fund checks
Performing other related functions or responsibilities as needed or assigned
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Axelon Services, Corp is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, disability, or protected veteran status.