Investment Operations Associate - Investment Operations & Risk Management Team
About The Position
The Investment Operations Associate is a member of CornerStone’s Investment Operations and Risk Management team and helps maintain and support the firm’s investment book of record. The role uses industry-leading technology solutions and AI-assisted workflows to capture, record, and reconcile investment accounting data. The Associate works with colleagues across client accounting and reporting, manager selection, and portfolio management to deliver high-quality investment data and analytics for nonprofit clients. The position reports to the Director of Investment Operations and Risk Management. It is full-time, with a starting base salary range of $85,000–$105,000. The role requires at least two days per week with the team in CornerStone’s Charlottesville office, with additional office time during initial training.
Requirements
- Bachelor’s degree in accounting, finance, or a related field.
- 1–5+ years of relevant experience in professional accounting, investment operations, investment accounting, performance reporting, or a related field.
- Experience working with large datasets and multiple technology platforms or systems.
- Strong foundation in accounting principles and proven ability to investigate and resolve accounting complexities.
- Exceptional attention to detail and a strong commitment to data accuracy.
- Ability to work independently and collaboratively in a team environment.
- Positive attitude, team-oriented mindset, and willingness to contribute to process improvement.
- Must be able to work in the Charlottesville office at least two days per week, with additional office time during initial training.
- Must not require visa sponsorship to work in the United States.
Nice To Haves
- Experience in an institutional investment office.
- Familiarity with Burgiss and MSCI TPM.
Responsibilities
- Review and record investment accounting activities, including NAVs and transaction details, using internal tools and AI-assisted workflows; identify and resolve exceptions and discrepancies.
- Monitor cash activity, subscriptions, redemptions, capital calls, and distributions across investment portfolios, and reconcile internal accounting records with third-party records.
- Develop a strong understanding of the investment book of record and contribute to the ongoing maintenance of third-party accounting and performance systems.
- Develop expertise in accounting and performance analytics for alternative investments, especially private markets investments.
- Maintain and enhance internal controls, documentation standards, and accounting procedures related to investment operations.
Benefits
- Annual bonus.
- Group health insurance.
- Short- and long-term disability insurance.
- Life insurance.
- Employer retirement plan contribution.
- Generous benefits package.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
