Operations Associate
CAIS is the leading open-architecture financial product platform offering independent wealth management professionals access to a diversified menu of funds and products. CAIS provides streamlined execution to an expanding list of alternative investment funds, IPOs and follow-ons, structured notes and real assets. CAIS delivers a suite of portfolio construction and reporting tools, and complements its fund offering with independent due diligence provided by Mercer.
CAIS is seeking an Associate to join the Operations team. Successful candidates will have 3-5 years of experience at either a fund or fund administrator with a strong background in processing alternative investments. The ideal candidate will have a desire to build strong relationships with various parties including fund administrators, custodians, reporting providers, advisors, and asset managers.
Primary Objectives
- Quantitative and analytical problem-solver responsible for the on-going delivery of a robust and scalable operating platform
- Work alongside the COO and Managing Director of Fund Operations to help define and drive scalable solutions across all business lines, including alternative investments and capital markets
- Manage interactions with sales regarding pipeline; monthly transaction execution with third party administrators and other external and/or internal groups
- Liaise and develop relationships with custodians, third party administrators, and other vendors
- Resolve and implement scalable solutions for various external parties, including custodians, third party administrators, and other vendors
- Assist in the development of efficient processes and procedures working with the technology team to automate workflow as well as gain in-depth understanding of technology and operational workflow across multiple product lines
- Develop, implement, and maintain operating procedures
- Review, process, and analyze alternative investment trades, including subscriptions, redemptions, and transfers
- Resolve data reporting system issues and exercise judgment to escalate issues to senior team members as needed
- Preparation of daily, monthly, and quarterly upload files for Client Reporting database
- Ensure data integrity for all standardized and customizable reporting
- Ensure timely deliverables of all reports
- Additional responsibilities to be determined based on capacity, skill, and interest
Qualifications
- 3+ years of experience in alternative investments, ideally at a fund, fund admin, bank, custodian, wirehouse, or consulting firm in an operations capacity
- Bachelor’s degree in economics, finance or a related discipline preferred
- Advanced skills in Excel, Word, PowerPoint, and CRM programs, preferably Salesforce
- Experience with VBA or Excel Macros a plus
- FINRA Registrations Series 7, 63 required within 3 months of employment
- Strong organizational, multitasking, and time management skills
- Highly organized self-starter with experience coordinating multiple competing priorities in a fast-paced environment