PRIMARY FUNCTION:The Investment Operations, Alternatives Specialist is responsible for alternative asset administration. This role supports the lifecycle of alternative assets (private equity, private credit, and hedge fund investments), including subscription documents, valuation updates, capital calls, and redemptions, as well as performance and committed capital reporting.
RESPONSIBILITIES: - Collaborate across multiple teams within the firm to implement Pitcairn's alternative investments strategy at scale
- Process and submit subscription documents to alternatives managers and custodians adhering to fund requirements and deadlines
- Follow up with Relationship Managers and fund managers to rectify NIGOs and outstanding items related to onboarding, such as gathering or providing additional documents or signatures
- Oversee the reporting process, including committed capital reporting, aggregating period-end statements and tax documents, and security creation and coding
- Processing and book initial wires and capital calls, and collaborate with multiple teams to ensure alternatives activity and period-end market values are reflected timely and accurately in reporting system
- Perform ongoing QC of alternatives performance including detailed quarter-end analysis, identifying and resolving issues related to transactions or holdings data
- Support Pitcairn's relationship with fintech vendors supporting alternative investment subscriptions and reporting as well as the Operations team's relationship with various fund managers
EDUCATION/EXPERIENCE: - Bachelor's degree with focus on business or finance preferred
- Minimum 2-4 years of experience in financial services industry in a role with high level of exposure to alternatives in an operations capacity such as compliance, fund administration, or reporting
- Solid understanding of various account types and complex entity structures including trusts, corporations, and partnerships
DESIRABLE ATTRIBUTES: Successful candidates will possess a broad range of skills including:
- Self-motivated with a sense of curiosity, urgency, and accountability
- Analytical thinker with excellent problem-solving and communication skills
- Detail-oriented and able to work effectively both independently and collaboratively within a team environment
- Advanced proficiency with Microsoft Excel and AI tools
- Experience with financial service technology platforms and CRM software (i.e., Envestnet Tamarac, Fidelity Wealthscape, Orion, Addepar, BlackDiamond, iCapital)
