Platform Operations Associate/Sr. Associate

Wilshire Advisors LLC • New York, NY

182d • $60,000 - $120,000

About The Position

The Platform Operations Associate ensures the seamless operations of all alternative managed accounts. This includes overseeing various aspects of middle and back-office functions, such as fund accounting, collateral management, cash management, treasury operations, and project-based tasks like audits, onboarding new funds, conversions, and liquidations.

Requirements

• Bachelor’s degree or equivalent experience.
• At least 4-7 years in financial services, fund operations, prime brokerage, or related fields.
• Strong understanding of fund accounting principles and cash management.
• Understanding of VBA preferred.
• Ability to thrive in a fast-paced and dynamic environment, with a proactive and adaptable approach to challenges.

Responsibilities

• Responsible for the review and approval of pre month end reporting including Non-Trading Accrual computation, and Fee calculations.
• Assist with fund launches and liquidations.
• Manage daily and monthly net asset values (NAVs) for all funds (Hedge funds and fund of funds).
• Generate and provide regular reports to internal stakeholders and clients, including performance reports, fee statements, and NAV approvals, in accordance with established timelines and requirements.
• Oversee various relationships with outside service providers such as brokers, fund administrators, custodians, tax preparer, investor servicing team and compliance aggregator.
• Manage operational aspects related to cash, collateral, and treasury functions.
• Responsible for executing cash movements, meeting margin calls, and optimizing cash utilization.
• Lead and coordinate various project-based initiatives, including audits, fund onboarding, conversions, and liquidations.
• Oversee all day-to-day operational activities of the platform, including wire approvals, account maintenance, and transaction processing.
• Monitor operational workflows, identify bottlenecks or inefficiencies, and implement process improvements to optimize operational efficiency and effectiveness.
• Prepare and oversee the preparation of annual audited financial statements and tax schedules.
• Assist with ad hoc reports special projects as needed.

Benefits

• Collaborative work environment.
• Generous PTO.
• 401(k) match.
• Affordable & comprehensive medical/dental/vision insurance.
• CFA and other professional membership reimbursement.
• Eligibility for an annual discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees