Who You'll Work With:The Fund of Hedge Fund (FoHF) Operations Analyst is responsible for the operational, accounting, and compliance controls for the AB Multi-Manager Alternative strategy. The strategy invests in a diversified portfolio of 20-30 blue chip, institutional quality hedge funds that provide diversification by investment style, time horizon, asset class and region. The role requires a strong understanding of the fund vehicles and investments, and will interact with the Portfolio Manager, Analyst, third-party Hedge Fund Managers, service providers, and other internal groups. The areas of responsibilities include, but are not limited to:
- Fund Accounting
- Trade Support
- Liquidity Monitoring
- Investment Management
- Investment Data Maintenance
- Performance Reporting and Board Reporting Support
- Operational Due Diligence Oversight
What You'll Do:Fund Accounting
- Engage with external Hedge Fund managers, fund administrator, shadow administrator, and other internal groups on valuations and accounting; escalate and resolve any issues.
- Oversee the weekly, mid-month, and monthly valuations and transactions.
- Oversee audit, audited financial statements preparation and investor tax reporting.
Trade Support
- Work with internal groups and third-party providers to support subscription and redemption document preparation.
- Record and reconcile trades in underlying Hedge Fund investments. Ensure investments comply with fund guidelines.
- Monitor the fund liquidity for each underlying Hedge Fund investment and provide key notice dates to support Portfolio Manager decisions.
- Produce a monthly cash calendar and liquidity report for the Portfolio Management team.
Investment Management
- Assist with the Portfolio Planning process and investment forecasting.
- Lead monthly Portfolio Planning calls with Portfolio Management team.
- Organize quarterly performance review calls with underlying Hedge Fund managers.
- Monitor and forecast client subscriptions and redemptions, fees and expenses, and other liquidity events.
- Develop an understanding of the fund structure and the ability to interpret legal documents for underlying Hedge Funds.
Investment Data Maintenance
- Work with AlternativeSoft and off-the-shelf products for Hedge Fund data and portfolio management; update returns from various sources like Bloomberg, Albourne, and HFR.
- Maintain historical and planned portfolio excel sheets, collect manager letters and risk reports, and contribute to ad-hoc projects by gathering data from different sources.
Operational Due Diligence (ODD) Management
- Manage the relationship with the external ODD research service provider.
- Review ODD reports and audited financial statements of third-party Hedge Funds.
- Coordinate and review background check for Hedge Fund key personnel.
- Assist in the negotiation of side letter agreements with external Hedge Fund managers.
What We're Looking For:- 3+ years of experience in either accounting, operations, or fund administration.
- Financial industry experience required; Hedge Fund-specific experience preferred.
- Bachelor's degree required.
- Detail-oriented with an ability to problem-solve.
- Ability to multi-task and prioritize with minimal oversight.
- Excellent verbal and written communication skills; proactive communicator.
- Strong Excel skills, ability to create macros
Nashville, Tennessee
