Business Unit:Global Operations
Salary Range:$78,000 USD - $82,000 USD
Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.
Job Description:
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 asset classes when needed. The Fund Operations Analyst is responsible for capital call and distribution processing, cash monitoring, valuations, performance measurement and reporting, audit support, systems support, and working closely with custodians and administrators to ensure fund accounting, fund expense and valuation policies and procedures are being followed.
Responsibilities
REGULATORY AND BUSINESS CONDUCT
•Display exemplary conduct and live by our organizations Code of Conduct.
•Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct across the business
•Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance
FUND VALUATION
•Valuation Support - Retrieving and tracking large quantities of PE/RE portfolio company valuations and inputting into industry-specific applications (Backstop). Preparation of portfolio valuations and quarterly reports for internal and external clients.
•Provide monitoring and signoff on estimate and Final NAVs, interacting with fund administrators and underlying fund administrators regularly.
CLIENT SERVICE
•Act as a point of contact/liaison with the investment team, administrators/custodians for Fund Administration as it relates to day to day operations of alternative investments, and as a point of contact as it relates to the reporting aspect of the funds. Address all inquiries with professionalism and timely response.
REPORTING
•Internal/External Reporting - Prepare, coordinate, and distribute various internal and external reports, as well as various ad-hoc reports.
•Audit and Tax Support - Obtain and track K-1s and foreign reporting information from underlying funds. Assist with FATCA and Common Reporting Standard (CRS) compliance. Prepare data for responding to client requests and audit confirmations.
SYSTEMS SUPPORT
•Input and maintain fund data, respond to queries, produce reports.
Knowledge, Skills and Ability
- Working knowledge of alternative investment funds, specifically multi-manager private equity, private debt, private real estate and infrastructure funds
- Efficiency with Microsoft office products and overall aptitude for utilizing technology to assist with business processing.
- Understand the details of how our vendors/partners (SSB, MUFG, NT) support our funds.
- Work with minimal guidelines or instructions -- work is primarily self-directed and/or policy formulating.
- Experience working with fund formation and related governing documents
- Working knowledge of GAAP, IFRS.
Competencies
- Demonstrate a working knowledge of alternative investment funds through the execution of operational processes and developing strategic relationships with stakeholders.
- Excellent client service skills; superior written and verbal communication abilities.
- Proven ability to work collaboratively as part of a highly functioning team.
- Work efficiently under pressure with minimal supervision; ability to organize and prioritize multiple assignments and meet deadlines.
- Problem solving abilities, including the ability to anticipate potential problems.
- Experience with AIFM, Investment Act of 1940, Common Reporting Standard, antimony laundering laws, and/or other EU/UK/US securities regulations a plus.
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.
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What We Do
Russell Investments is a leading outsourced CIO (OCIO) partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 19 cities around the world, including London, New York, Toronto, Sydney, Tokyo, and Shanghai.
