FoHF Operations Analyst

AllianceBernstein•Nashville, TN

14d•Onsite

About The Position

The Fund of Hedge Fund (FoHF) Operations Analyst is responsible for the operational, accounting, and compliance controls for the AB Multi-Manager Alternative strategy. The strategy invests in a diversified portfolio of 20-30 blue chip, institutional quality hedge funds that provide diversification by investment style, time horizon, asset class and region. The role requires a strong understanding of the fund vehicles and investments, and will interact with the Portfolio Manager, Analyst, third-party Hedge Fund Managers, service providers, and other internal groups.

Requirements

3+ years of experience in either accounting, operations, or fund administration.
Financial industry experience required; Hedge Fund-specific experience preferred.
Bachelor’s degree required.
Detail-oriented with an ability to problem-solve.
Ability to multi-task and prioritize with minimal oversight.
Excellent verbal and written communication skills; proactive communicator.
Strong Excel skills, ability to create macros

Responsibilities

Oversee the weekly, mid-month, and monthly valuations and transactions.
Oversee audit, audited financial statements preparation and investor tax reporting.
Work with internal groups and third-party providers to support subscription and redemption document preparation.
Record and reconcile trades in underlying Hedge Fund investments. Ensure investments comply with fund guidelines.
Monitor the fund liquidity for each underlying Hedge Fund investment and provide key notice dates to support Portfolio Manager decisions.
Produce a monthly cash calendar and liquidity report for the Portfolio Management team.
Assist with the Portfolio Planning process and investment forecasting.
Lead monthly Portfolio Planning calls with Portfolio Management team.
Organize quarterly performance review calls with underlying Hedge Fund managers.
Monitor and forecast client subscriptions and redemptions, fees and expenses, and other liquidity events.
Develop an understanding of the fund structure and the ability to interpret legal documents for underlying Hedge Funds.
Work with AlternativeSoft and off-the-shelf products for Hedge Fund data and portfolio management; update returns from various sources like Bloomberg, Albourne, and HFR.
Maintain historical and planned portfolio excel sheets, collect manager letters and risk reports, and contribute to ad-hoc projects by gathering data from different sources.
Manage the relationship with the external ODD research service provider.
Review ODD reports and audited financial statements of third-party Hedge Funds.
Coordinate and review background check for Hedge Fund key personnel.
Assist in the negotiation of side letter agreements with external Hedge Fund managers.