City Of New York

Director of Alternative Investments Middle and Back Office Support

City Of New York • $130K — $180K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
4 weeks ago
Job Overview by Ladders

Qualifications

  • Baccalaureate degree in finance, economics, accounting, business, or related field.
  • 5+ years of experience in financial services focusing on Middle and Back Office functions.
  • Minimum 18 months in an administrative, managerial, or supervisory role.
  • Graduate degree in related fields can substitute for some experience.
  • Proven experience in training and developing professional staff.

Responsibilities

  • Manage capital call and distribution processes for alternative investments.
  • Oversee transactions for accuracy in official books and records.
  • Conduct market value reconciliations with general partners.
  • Lead quarterly fee reporting and analysis efforts.
  • Manage annual reporting for fees and market values to the Systems.
  • Reconcile IRR and TVPI between consultants and administrators.
  • Guide operations teams in accounting accuracy and prepare for audits.
  • Engage with investment stakeholders for accurate investment reporting.
  • Manage the operations due diligence for new alternative investments.
  • Assist in automating processes and resolving discrepancies.

Benefits

  • Comprehensive health insurance
  • Retirement savings plan with employer contributions
  • Professional development opportunities
  • Generous paid time off policies
  • Flexible work arrangements
Full Job Description
The Director of Alternative Investments Middle & Back Office Support will manage two groups: Alternative Investments Middle Office and Alternative Investments Oversight and is part of Investment Operation Support (IOS). The primary function of IOS is to provide operational functions and oversight/support to ensure that transactions are processed timely and accurately and that Investment Managers, the Custodian, Administrators and other Third-Party investment related service providers are performing their duties appropriately as they relate to services provided for the New York City Retirement System. Responsibilities include, but are not limited to, the following: - Manage the alternative investments capital call and distribution process, ensuring that all transactions are processed timely and accurately. Review and distribute daily reporting associated with activity; - Manage the alternative investments oversight process to ensure that transactions are reflected accurately in the official books and records. Work with alternative's administrator and third-party consultants to align records and ensure consistency in reporting; - Manage reconciliation process of market values for alternative investments as reported in the official books and records to the general partners' statements; - Manage the quarterly fee reporting process which includes the tracking of ILPA fee templates and other fee documents as well as the analysis and reporting of fee data; -Manage the annual reporting to the Systems including fees and market value reporting; - Manage the reconciliation of IRR and TVPI between consultants and alternative administrator; - Oversees the accounting for Alternative Investments and can verify the accuracy in the accounting records and provide guidance to operations team and support external audit - Participate in discussions with Investment Staff, Investment Managers, Consultants and others to ensure that investments are correctly recorded and reported; - Manage the operations due diligence process for potential new alternative investments and participate in operations due diligence meetings; - Assist with any automations and conversion efforts to new technology platforms; conduct research to support data analysis and resolve discrepancies; - Manage two operations teams including training and development of the team; - Perform other related duties and functions as required. INVESTMENT MANAGER (COMPTROLLE - 95611 Qualifications 1.A baccalaureate degree in finance, economics, accounting, business, or a related field, and five (5) or more years of satisfactory full-time experience in a financial services organization handling Middle Office and Back Office functions similar to those described in the bulleted list of the job description 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; or, 2.A graduate degree from an accredited college in the fields mentioned in "1" above and three (3) or more years of progressively responsible full-time professional experience as 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.

About City Of New York

The City of New York is the most iconic and dynamic city on the planet. With a population of more than 8.4 million people, New York is not only the largest city in the United States — it is the academic, cultural, commercial, and financial capital of the world. City government is filled with opportunities for talented individuals seeking to improve their communities and make a meaningful difference in the lives of their fellow New Yorkers. Every day, the City’s more than 300,000 employees improve infrastructure, provide vital social services, build technology, protect health and safety, and so much more.

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Join the City of New York’s dynamic team to contribute to the community and enhance the city’s services across a broad spectrum of disciplines. The City of New York offers a unique opportunity to engage in meaningful work that impacts the lives of millions while navigating through a career filled with learning and growth. Transform the metropolitan landscape and enrich the lives of its residents with the best minds in public administration, urban planning, and community services. The City of New York stands at the forefront of urban management and innovation. Lead with a unique position in public service, at the intersection of technology, community needs, and sustainable development. Work alongside a diverse team of professionals dedicated to improving city operations and enhancing the quality of urban life. Collaborate with the largest network of public service experts in the nation, fostering leadership, diversity training, and professional development.

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