Director, Investment Operations
About The Position
Everest Group is seeking to add a Director, Investment Operations to the Investments Team in our Warren, NJ Headquarters. This is a hybrid position working 3 days in office, 2 remote. As the Director of Investment Operations, you will support both your team's internally managed portfolios and take on responsibilities for externally managed portfolios and investments. You will play an integral role in enhancing the group's operational infrastructure and will be a key point of contact for various external parties, including custodians, dealers, external investment managers, and other vendors.
Requirements
- 7-15 years of experience in investment operations
- Experience with private market investments (fixed income, equity, partnerships)
- Familiarity with Bloomberg and custody bank portals
- Proficient in Excel and Power BI
- Bachelor's degree in Finance or related field
Nice To Haves
- Master's degree in business, finance. or a professional designation (CPA, CFA) a plus
- Experience using VBA, SQL, and or Python a plus
- Familiar with Aladdin and Oracle a plus
- Work experience at an insurance/reinsurance company a plus
Responsibilities
- Manage day-to-day relationships with Everest's investment custody banks
- Lead reconciliation of Investment Book of Record (IBOR) to custodians
- Support trade confirmation, settlement, allocation, and reconciliation processes
- Support asset transfers
- Administer Society for Worldwide Interbank Financial Telecommunication (SWIFT) and bank identifier code (BIC)
- Track and manage capital calls and distributions for private investments
- Actively manage any issues that arise relating to the trade process
- Administer Bloomberg, including setting up new accounts and new users
- Design, document, and update control processes as necessary
- Serve as a point person for Internal Audit and External Audit interactions and requests
- Maintain oversight of investment data and systems vendors
- Assist with security master file (SMF) creation and updates as necessary for new manager relationships and new investments on an ongoing basis
- Support data integrity processes on an ongoing basis
- Keep record of all final deal documentation, including updates to the following types of documents:
- Investment Management Agreements (IMAs)
- Form ADVs
- Sarbanes-Oxley Compliance (SOC) documentation
- Support the documentation of the Investment Advisory Committee (IAC)
- Manage vendor invoice process with team members. Check calculations against contracts and ensure invoices are paid in a timely manner. Keep a record of ongoing expenses
- Support due diligence and procurement process for new vendors
Benefits
- health insurance coverage
- an employee wellness program
- life and disability insurance
- 401k match
- retirement savings plan
- paid holidays
- paid time off (PTO)
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What This Job Offers
Job Type
Full-time
Career Level
Director
Industry
Insurance Carriers and Related Activities
Number of Employees
1,001-5,000 employees
