THE SEARCH:
Altus Partners have partnered with a leading Alternative investments Firm that is looking to make its first Operations Manager hire to oversee the new challenges faced on a regular basis from a new open-ended fund structure. The business is going through an exciting growth phase and this individual will play a vital role in growing and developing the function and growing the team. The position will work closely with Senior Management and all areas of the business.
THE ROLE:
The role will involve the candidate to be wholly responsible for the operational responsibilities for the new business line and therefore requires a candidate who can hit the ground running. The right person will need to be proactive and creative in finding ways to make Operations more scalable, and to identify risk areas where control enhancements are requiredThis role demands someone who is very clear in their communication. Certain team members, including direct reports, might be in different office sites so being clear on standards, expectations will be vital.
THE REQUIREMENTS:
•Monitor daily operations of the Fund to include:
•Subscriptions and redemptions received into the Administrator and cash settlement process
•Cash receipts and payments across the Fund Structures and overseeing accurate and timely processing of wires
•Approving invoices for payment prepared by the administrators
•Oversee the subscription and redemption of funds invested into 3rd party funds
•Managing FX trades and settlements and margin requirement across the Fund trading agreements
•Oversee the settlement of assets and relationship with 3rd party settlements team
•Produce end of day cash reports detailed commentary on fund debits and credits
•Manage dispute resolution process with the administrator
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