Associate, Alternative Investments
About The Position
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you. Job Description: Finance and Accounting Responsibilities: Fund Accounting & Operations: Work closely with Fund Treasurer on newly launched Corient Registered Alternatives Fund (CoRA) Help create and improve internal procedures to enhance investment experience and reduce operational risk Closely work with third-party fund administrator to ensure accuracy of the accounting books and records Assist with monthly valuation and fund NAV review Coordinate with Fund President to place portfolio trades Process invoice payments and expense reimbursement payments Coordinate with Auditor and Tax Preparer on fiscal year and tax reporting Assist in resolving client subscription issues with the fund administrator Enhance reporting functionality to provide key information to internal and external stakeholders Alternative Investment Billing: Review of quarterly billing support workpapers for Corient sub-advised investment funds. Invoice underlying fund managers and track the collection of cash proceeds. Alternative Revenue Attribution: Maintain and track alternative fund revenues to provide attributable revenue data for FP&A review. Audit Support: Work closely with Corient Corporate Accounting and directly with management company auditor with requests for alternative investment revenue items. Tracking Reimbursable Fund Expenses: Working with Accounts Payable and Corporate Finance teams to track relevant reimbursable expenses that need to be invoiced to various alternative funds. Carried Interest Tracking: Work closely with Legal and Alternatives team to ensure tracking of carried interest owed to Corient is being appropriately accounted for in the correct legal entity and captured when realized. Additional Responsibilities: Providing support to various fund structures where Corient serves as the General Partner / Investment Manager Ability to help oversee and work closely with key fund service providers including tax accountants, fund administrator, auditor, custodial and banking counterparties, etc. Managing line of credit to determine when to draw down, pay off, and maintain compliance with credit facility Overseeing capital call process to distribute excess capital to LP Working with key internal stakeholders across the firm This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice.
Responsibilities
- Work closely with Fund Treasurer on newly launched Corient Registered Alternatives Fund (CoRA)
- Help create and improve internal procedures to enhance investment experience and reduce operational risk
- Closely work with third-party fund administrator to ensure accuracy of the accounting books and records
- Assist with monthly valuation and fund NAV review
- Coordinate with Fund President to place portfolio trades
- Process invoice payments and expense reimbursement payments
- Coordinate with Auditor and Tax Preparer on fiscal year and tax reporting
- Assist in resolving client subscription issues with the fund administrator
- Enhance reporting functionality to provide key information to internal and external stakeholders
- Review of quarterly billing support workpapers for Corient sub-advised investment funds.
- Invoice underlying fund managers and track the collection of cash proceeds.
- Maintain and track alternative fund revenues to provide attributable revenue data for FP&A review.
- Work closely with Corient Corporate Accounting and directly with management company auditor with requests for alternative investment revenue items.
- Working with Accounts Payable and Corporate Finance teams to track relevant reimbursable expenses that need to be invoiced to various alternative funds.
- Work closely with Legal and Alternatives team to ensure tracking of carried interest owed to Corient is being appropriately accounted for in the correct legal entity and captured when realized.
- Providing support to various fund structures where Corient serves as the General Partner / Investment Manager
- Ability to help oversee and work closely with key fund service providers including tax accountants, fund administrator, auditor, custodial and banking counterparties, etc.
- Managing line of credit to determine when to draw down, pay off, and maintain compliance with credit facility
- Overseeing capital call process to distribute excess capital to LP
- Working with key internal stakeholders across the firm
Benefits
- 401(k) Plan with Employer Matching
- Four Medical Plan options that is generously subsidized by Corient
- Employer paid Dental, Vision & Life and AD&D Insurance
- Employer paid Short-term & Long-term Disability
- Paid Maternity & Parental Leave
- Flexible Spending Accounts & Health Savings Accounts
- Dependent Care FSA
- Commuter & Transit FSA
- Corporate Discount Program - Perkspot
- Training Reimbursement
- Paid Professional Designations
- Giving back to the community - Volunteer days
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
