ASSOCIATE, BUSINESS MANAGEMENT

Cresset Capital•Los Angeles, CA

2d•$80,000 - $90,000•Onsite

About The Position

Cresset is seeking an Associate, Business Management Services, with 2+ years of relevant experience managing the administrative and private banking needs for our athlete and entertainer clientele. The candidate will serve as a primary point of contact for clients and collaborate with an advisor to build strong relationships while driving retention and growth by providing superior client experience. This role includes seamless coordination of all Family Office Services, specifically tailored for athletes and entertainers, including but not limited to: White glove private banking and bill pay, Endorsement tracking, Financial reporting and budgeting, Credit management, Risk management, Vendor Management, Housing relocation and assistance, Wealth planning, Record keeping, Lifestyle and concierge services.

Requirements

Bachelor’s degree in Business, Finance, or a related field, or equivalent industry experience.
2+ years of financial services experience working with ultra-high net worth clients, preferably in the sports and entertainment sector.
Ability to operate in a dynamic and fast-paced environment is essential.
Strong problem-solving skills combined with creativity and innovation.
Excellent multitasking abilities and organizational skills to manage multiple assignments simultaneously.
Strong attention to detail and commitment to accuracy.
Established ability to build and maintain positive working relationships with clients, peers, CPAs, attorneys, and other professionals.
Proactive problem-solver with strong decision-making capabilities and the ability to handle confidential information discreetly.
Excellent communication skills, both written and verbal, with proficiency in Salesforce and Microsoft Office programs, including Word, Excel, PowerPoint, and Outlook.

Nice To Haves

Familiarity with Fidelity, Schwab, and/or Pershing custodial platforms is a plus.

Responsibilities

Manage client business management and administrative investment requests, ensuring comprehensive support tailored to the unique needs of athletes and entertainers.
Organize all client intake from the client, their family, or the advisor.
Serve as an executor and carry out the tasks associated with all business management services.
Serve as a primary lead for client onboarding, investment implementation, and private banking services, ensuring a custom-tailored experience.
Transfer and reconcile assets from contra firms and manage client billing, including cash raising and attribute assignments.
Assist with inquiries regarding inflows and outflows and establish lines of credit/margin as required.
Manage client donor advised and charitable distributions and facilitate tax document workflows with client CPAs.
Attend quarterly client portfolio review meetings as needed, serving as a liaison between Cresset and clients’ CPAs and attorneys.
Identify new technology and opportunities to enhance the client experience and promote internal scalability.