Description

• Subscription and Redemption Processing: Prepare and process alternative investment subscriptions, redemptions, capital commitments, and transfers; ensure compliance with deadlines and anti-money laundering (AML) documentation requirements
• Capital Calls and Distributions: Track and execute capital call notices, distributions, and related cash movements, coordinating across custodians, wire teams, and fund managers.
• Data and System Maintenance: Maintain accurate alternative investment positions, valuations, and transaction histories in portfolio accounting systems (e.g., Addepar, Black Diamond, or Tamarac).
• Reporting and Reconciliation: Reconcile fund statements, custodial data, and internal records; validate NAVs, IRRs, and performance metrics on a monthly and quarterly basis.
• Document Review: Read and interpret private fund financial statements, capital account statements, and manager communications to update internal systems and reports.
• Working with the Alternative Investment Department in facilitating client investments. This includes document preparation, working with clients to ensure completeness of paperwork and liaising with various outside Fund Administrators as well as internal Client Relationship Managers to ensure client investment is made in a timely fashion
• Working with the Investment and Client Service team early in the investment allocation phase, ensuring the information regarding private investments is provided in a timely and accurate manner and that agreed upon client allocations are completed.
• Working directly with Fund Administrators to process requests, field inquiries regarding AML/KYC certification, and serve as a conduit between the fund groups and FMC
• Preparing client reports as needed by firm principals or client and ensuring accuracy of same
• Interfacing with our Private Placement Life providers regarding investment allocations in policies and value tracking and reporting of same
• Working knowledge of all investment vehicles utilized by FMC with expert knowledge in the Alternative Strategies and preparation of marketing background for same
• Assisting in the receipt and uploading of data and valuations from outside Fund managers. Analyzing and resolving discrepancies between Fund custodian/administrator and internal portfolio management systems (Tamarac/Black Diamond/Advent Axys)

Requirements

• Education: Bachelor’s degree in Finance, Accounting, Business, or Economics.
• Experience: 3–5 years in fund administration, wealth management operations, or portfolio accounting with exposure to alternative investments.
• Technical Knowledge: Familiarity with partnership accounting, capital structures, waterfall modeling, and valuation methodologies.
• Systems Proficiency: Experience with portfolio management systems (e.g., Addepar, Envestnet, Eze, or SS&C Advent) and strong Excel skills.
• Regulatory Awareness: Understanding of SEC custody rules and documentation standards relevant to private placements within RIAs.
• Skills: High attention to detail, excellent organizational and problem-solving skills, and the ability to communicate effectively with investment managers and advisors.
• Portfolio Management Software: Tamarac / Addepar / Advent Axys  / AltExchange /
• Helpful experience: Pershing Netx360, Microsoft Office365, Salesforce Financial Services Cloud, DocuSign, iCapital-Mirador
• Microsoft Excel (competency exam to be provided by email to gauge Excel skill level to identify any skills areas that need improvement, classes to be provided by firm if necessary)