Location:
4900 Tiedeman Road - Brooklyn, Ohio 44144-2302
Qualified candidate must be able to report to the Tiedeman Offices in Brooklyn, OH at least 2 days per week.
ABOUT THE JOB (JOB BRIEF)
The Alternative Investment analyst role supports Key Private Bank, Wealth Management and Institutional Advisors in the processing of Alternative Investments. The role is responsible for daily processing of Alternative Investments including, initial purchases, subsequent purchases, exchanges, statement processing, K1's, subscription agreements, offering memorandums, capital calls, returnable return of capital, reinvestments, partial and full redemptions, unit and cost adjustments, and collections, re-registrations and distributions of Alternative Assets. The Analyst works with Administration to ensure proper documentation is received for all requests. The Analyst works with Pricing, Performance, Income Collections, Client Reporting and the Line of Business to ensure proper transactions are posted. Alternative Investments includes Limited Partnerships, LLC's, Hedge Funds, and REITs.
ESSENTIAL JOB FUNCTIONS
Analyze and interpret documentation received to ascertain how an asset should be setup, priced and processed
Research and work with Limited Partnership & Hedge Fund companies to resolve/understand statements and complex situations such as unit & market value discrepancies.
Reconcile statements to transactions and positions in trust accounting system
Responsible for wire processing for Capital Call activity
Monitor Trust Alternative Investments mailbox daily
Uploading statements & K1's to Alternative Investments SharePoint website
Contacting fund companies to obtain monthly statements if not received timely
Subject matter expert on Alternative Investments and is responsible Administer all Alternative Investment audits from start to issue resolution, escalating as needed
Daily Reconciling
Trust Real Estate Management balancing
Responsible for collection, re-registration,and distribution of Alternative Assets
Handle GRC Audit requests
Research and resolve any transaction rejects
Handle the on-boarding and maintenance of Assets Under Management, while coordinating with Performance Measurement for accurate reporting
Act as the liaison between the LOB and the external fund company
Foster strong relationships within the department, other Investment Operations areas, as well as with the LOB
Takes lead on system upgrades and testing, along with disaster recovery exercises
Maintain and develop documented procedures with and reviews and updates
Communicate any issues with the LOB, using system and industry knowledge to determine the appropriate resolution
Meet performance objectives for accuracy and timeliness in completing actions
Actively participate in department projects and efforts to increase efficiency and improve service
Contribute ideas for improvements appropriately
Prioritize workflow and adapt as expectations change
REQUIRED QUALIFICATIONS
B.S. in Business or Finance or equivalent work experience
Detail Oriented
Proven Analytical skills
Proven experience and success in a team environment
Proven difficult problem resolution skills
Proven ability to demonstrate the Key Values
Ability to multi-task, meet aggressive deadlines, and work with minimal supervision while prioritizing workloads and issues
Superior and timely decision making, resilient customer service skills, strong written and verbal communication skills, proactive problem solving
Strong peer leadership skills
Ability to adapt as customer/business/organizational expectations change
PREFERRED QUALIFICATIONS
Alternative Asset knowledge preferred
Knowledge of Global Plus system preferred
Prior experience in trust operations preferred
Knowledge of current systems: Global Plus, TRMS, APA, SharePoint, MS Off