Senior Representative, Alternative Investments
About The Position
The Alternative Investments Brokerage Operations role involves reconciling the Operations and Services Groups' Alternative Investment positions, held in book entry form, on behalf of our clients and in a timely manner to mitigate risk and exposure to the organization. These activities are performed daily and require adherence to policies, procedures, and regulatory guidelines. The Recon team is tasked with reconciliation of Hedge Funds, non-publicly traded REITS, Funds of Funds, Private Investment Funds and other asset classes. The associate will also be responsible for handling research requests regarding account transactions and for resolving complex reconciliation issues in a timely manner. The associate will act as the owner of the relationship between the Product Sponsor and Fidelity.
Requirements
- College degree preferred
- Knowledge of alternative investment products and reconciliation process
- 2 years brokerage experience, or 5 work related experience
- Detail oriented, ability to work effectively with minimal supervision
- Team player with capability to help maintain a positive work environment
- Strong analytical and decision-making skills
- Ability to prioritize and work effectively in a fast-paced environment with multiple deadlines and processes
- Exceptional quality and productivity in current role
- Ability to handle and resolve complex problems
- Strong verbal and written interaction skills including ability to explain complex processes
- Effective time management skills and ability to prioritize and multi-task.
- Strong PC skills - Word, Excel and Access
Responsibilities
- Reconcile fund activity to internal books-and-records
- Minimize risk to the organization by resolving discrepancies within 7 days of identifying
- Analyze and research discrepancies and aged transactions with issuers
- Process various maintenance requests
- Escalate any potential risk to the organization
- Data entry to support those funds that are reconciled manually
- Analyze or review decision-related transactions and ensure compliance
- Interact with various fund companies and their transfer agents
- Review of brokerage activity and fund statements
- Reconcile suspense accounts
- Identify process improvement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
