Job description

Title: Operational Senior Associate

Salary: $150k + $50k Bonus

Location: St. Pete (Hybrid)

Job Summary

Under very limited supervision, the Senior Associate of Alternative Investment Operational Due Diligence utilizes specialized knowledge and skills obtained through direct work experience and formal training to develop and maintain an alternative investment operational due diligence program designed to provide high-net-worth clients with a platform of non-traditional investment opportunities. The coverage universe will span the spectrum of special purpose vehicles utilized for investments in individual private placements, real estate investment trusts, hedge funds, private equity funds, real estate funds, managed futures funds, and other non-traditional investment opportunities.

The Senior Associate is expected to have a wide sector coverage universe, including real estate, technology, consumer, infrastructure (cable, internet, towers, data centers, etc.), energy, and financial services.

Duties and Responsibilities

• Assist with leading in the further development and maintenance of AIG’s operational due diligence program. Update design as needed on a regular basis.
• Perform operational risk reviews of investments. Prepare written reports based on these reviews.
• Conduct and lead onsite due diligence reviews of third-party asset managers and service provider operational support, internal controls, trade processing, and employees.
• Evaluate accounting and reporting processes and controls, including cash management, valuation practices, and NAV analysis.
• Review financial statements and any other relevant reports on the firms’ control environments.
• Analyze asset managers’ adherence to internal compliance policies and regulatory requirements.
• Create and execute an annual project plan to cover all required ongoing operational due diligence reviews.
• Willingness to embrace technology and employ lessons learned to improve operational due diligence processes.
• Actively support the product teams’ efforts to ensure platform competitiveness and advisor satisfaction while meeting the firm’s regulatory/oversight responsibilities.
• Develop and/or distribute topical reports to educate advisors on pertinent regulatory updates or industry trends related to operational due diligence topics.
• Maintain an archive of relevant regulatory updates and educational materials that may be easily referenced by advisors and other employees of the AIG team.
• Perform other duties and responsibilities as assigned.

Qualification

• Bachelor’s Degree (B.A.) in Accounting or Finance.
• 5+ years of experience at a broker/dealer, hedge fund, private equity firm, or similar in a related role.
• Prefer CAIA, CFA, or CPA certifications.

• Operations of broker-dealers, hedge funds, private equity, and similar firms.
• Fund accounting procedures and audit.
• Complex investment concepts, practices, and procedures are used in the securities industry.
• Financial markets and complex products.
• Quantitative and qualitative understanding of the investment management business and performance measurement.
• Understanding of major securities acts and how they apply to alternative investment funds.

Ascendo is a certified minority-owned staffing firm, and we welcome and celebrate diversity. Ascendo is an Equal Opportunity Employer and does not discriminate based on race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service, or any other characteristic protected by federal, state or local law.

Job Type: Full-time

Pay: $150,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Work Location: Hybrid remote in Tampa, FL 33607

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