Alternatives Associate
$70,000–$80,000 year
HybridChicago, Illinois, United States
Job Summary
Prepare and review subscription documents for alternative investments including private equity, real estate, and hedge funds while tracking closing dates and deadlines. Identify operational process improvements and execute service requests in conjunction with the Wealth Management Team to satisfy AML/KYC requirements. Monitor and reconcile money movement associated with capital activity, assist with onboarding new offerings, and distribute tax documents and audited financial statements. Maintain accurate client records in the CRM and foster strong relationships with internal teams, fund managers, investors, custodians, and auditors. Work a hybrid schedule of three days in the Chicago office and two days remotely.
Required Qualifications
- 3+ years of experience in the alternative investments or wealth management industry
- Bachelor's degree in finance, business administration, or a related field (or equivalent work experience)
- Prior experience completing or reviewing subscription documents for private equity funds, private real estate funds, and/or hedge funds
- Familiarity with trust, estate, and legal entity structures
- Know Your Client and Anti-Money Laundering experience (KYC/AML)
- Proficiency in Microsoft Excel and ability to learn new applications
- High attention to detail and organizational skills
- Ability to work in a fast-paced environment while managing numerous projects and clients
- Ability to work independently and take initiative while also being a team player
- Strong interpersonal skills and a positive attitude
- Adaptability and ability to learn new concepts quickly
- Excellent problem-solving skills
- Outstanding customer service skills
- Excellent communication and organizational skills
- Capability to develop and deliver innovative ideas as the position grows
- Ability to collaborate and work with teammates to accomplish daily deliverables
- 3 days in office per week (hybrid schedule)
- Non-exempt employment classification
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