Associate Director, Private Investment Reporting

Cresset Capital•Chicago, IL

2d•Onsite

About The Position

Cresset is seeking an Associate Director, Private Investment Reporting analyst to support the day-to-day maintenance of alternative investments data and complex ownership structures. This role will support all internal reporting needs across the firm’s investments in private capital. The analyst will conduct private investment valuation and transaction updates using data from third-party sources, assist in managing the team’s data reconciliation efforts, and proactively manage multiple projects related to new private investment onboarding. The position involves providing routine updates to senior team members, overseeing the migration of large data sets using multiple reporting systems, and collaborating with other departments. The analyst will also work with fund administrators and other vendors to establish and verify accuracy of data feeds, and collaborate with advisors and client relationship specialists in onboarding new client’s private investment allocations. A key aspect of the role is developing and maintaining strong relationships with fund administrators and third-party vendors, staying current with Cresset’s private investment allocations, and maintaining a personal commitment to professional development and cultivating strong relationships with other departments at Cresset.

Requirements

Minimum of 5 years of experience in financial services focused on reporting, preferably in wealth management.
Bachelor’s degree required, Finance, Accounting, Economics or Mathematics degree preferred.
In-depth knowledge of private capital investments and related fund legal structures.
Advanced fund accounting and operational knowledge in reporting across the universe of private capital investments (e.g., private equity, private debt, structured credit, real estate, hedge funds, and other open- and closed-ended fund structures).
Extensive working experience in analyzing and interpreting complex data sets.
Strong understanding of Global Investment Performance Standard (GIPS) and application in performance calculations and reporting methodologies on private fund structure.
Strong Excel skills required.
Background in accounting and financial modeling preferred.
Ability to lead independently and in an operations-focused, fact paced team environment.
Strong project and relationship management skills.
Excellent written and verbal communication skills and strong presentation capability.
Must be able to perform successfully under pressure in an intellectually challenging, service-oriented environment and enhance the business in keeping with Cresset’s values and culture.

Responsibilities

Support all internal reporting needs across the firm’s investments in private capital.
Conduct private investment valuation and transaction updates using data from third-party sources.
Assist in managing the team’s data reconciliation efforts and other reconciliation processes.
Proactively manage multiple projects related to new private investment onboarding.
Provide routine updates to senior team members and oversee to completion.
Oversee migrating large data sets using multiple reporting systems and collaborating with other departments as needed to oversee successful completion.
Work with fund administrators and other vendors to establish and verify accuracy of data feeds.
Collaborate with advisors and client relationship specialists in onboarding new client’s private investment allocations.
Work directly and develop relationships with fund administrators and third-party vendors.
Remain current with Cresset’s private investment allocations, including all fund managers and administrators.
Maintain a personal commitment to professional development and cultivating strong relationships with other departments at Cresset.