Cedent Consulting Inc
Specialist, Client Service Lead -Front Office Solutions (Chicago, IL)
Cedent Consulting Inc, Chicago, Illinois, United States, 60290
Specialist, Client Service Lead - Front Office Solutions (Chicago, IL)
Title: Specialist, Client Service Lead – Front Office Solutions @ Chicago, ILTerms of Hire: Full Time.Salary: $115K-135K/yr + Benefits.
DESCRIPTIONFront Office Solutions is a new strategic business for Client that provides a holistic digital service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, central banks, and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high-quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management, and workflow tools.The Specialist will be responsible for investment data administration and oversight of individuals that will provide clients with the holistic data sets they need to fulfill their various stakeholder requirements as well as researching and identifying solutions for data challenges for institutional clients.PRIMARY DUTIESServes as daily point of contact for advanced/escalation of client service needs.Responsible for interpreting, reviewing, and resolving ad hoc client requests.Works with client's operational staff on discovery, problem resolution, and workflow management.Acts as first point of escalation for daily/monthly performance issues as raised by junior team members.Acts as a final reviewer and approver for month-end client cycle, including:
Validating statement-based valuationsDelivery of all client data analysis and reporting, inclusive of:
AccountingExposuresPerformance
Hosting monthly client sign-off meetings to review all data and performance results with clients.
Provides final review and sign-off on client output including NAV, allocation, and underlying client performance.Leads new client onboarding, including:
Participating in initial client discovery sessions, assisting in project planning, setting client expectations, and facilitating continuous client updates throughout the onboarding process.Reviewing all historic data entry and reconciliations during client onboarding.Creating client service level descriptions (SLDs) and any associated client negotiations.Managing team and tasks to meet continuous client deadlines and milestones during the onboarding process.
Responsible for adherence to client service level deliverables as documented in the respective SLDs.Responsible for detailed management of client investment data, including:
Investment transactions (typically statement-based for alternative assets; file-based for public markets)Investment valuations (typically statement-based for alternative assets; file-based for public markets)Cost basis analysis, cash movement, pricing, gain and loss analysis, account and position reconciliationAlternative investment manager estimatesPlan income/expense itemsPlan contributions/spending withdrawalsUnderlying manager exposure dataBenchmark dataAlternative investment performance data
Responsible for oversight of all investment reconciliations, including reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitments, etc.).Responsible for oversight of NAV, allocation, and underlying client performance for alternative investments.Analyzes and communicates output from attribution models to clients.Analyzes and communicates Public Market Equivalent (PME) output to clients.Serves as a resource for toolset’s liquidity analysis and portfolio planning capabilities supporting the institutional asset owner clients.Creates materials and conducts ongoing training activities for clients and new FOS team members, supporting full-service clients and software-only clients, including:
Creating training materials and leading training sessions on daily operational activities as well as system capabilities.
Participates in ongoing process improvement discussions where feasible, including:
Third-party vendor sourcingProcess improvement through technical skillsOngoing Front Office Solutions program build (fee billing, legal contracts, training, etc.).
Qualifications:REQUIRED KNOWLEDGE & SKILLSExperience working with complex asset owners including Endowments, Foundations, Family Offices, OCIOs, Pension Funds, Sovereign Wealth Funds, and institutional asset managers.Strong understanding of institutional investment industry, including markets, instruments, funds and fund structures, trading, etc.Deep knowledge of alternative assets and related operational processes (hedge funds, private equity).Experience managing an investment operations team.Deep understanding of investment operational processes, transactional impacts, cash movement, accruals, and valuation methodologies.Deep understanding of accounting/reporting methods, including IBOR, ABOR, TrueNav, to support complete and accurate data capture.Knowledge of performance measurement concepts and standards including GIPS Standards.Understanding of benchmarks and benchmark calculations across multiple asset classes.Prior experience with multi-asset class portfolio management software.Advanced understanding of Microsoft Suite (Excel, Word, PowerPoint, Visio), with emphasis on Excel.Experienced in operational process improvement.Client servicing and relationship management experience; high level of comfort communicating directly with clients.Ability to prioritize, multi-task, and perform effectively under deadlines.Commitment to project success as it may require working unconventional hours during critical project phases.PREFERRED KNOWLEDGE & SKILLSExperience using VBA, Python or other programming language to format large data sets.QUALIFICATIONSA College or University degree.A minimum of 7 years of institutional investment industry experience in the following fields:
Performance Measurement & Investment Data AnalyticsAlternative asset operationsInvestment OperationsFund accountingFinancial reportingInvestment account data reconciliation – accounting and performance
Completion (or progress towards) of advanced credentials (CFA, CAIA, CPA, MBA) preferred.A genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork and well-honed problem-solving skills.You Will Enjoy:An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!Apply today to learn more and be part of our Growth story.All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.Department: ScoutThis is a full-time position.
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Title: Specialist, Client Service Lead – Front Office Solutions @ Chicago, ILTerms of Hire: Full Time.Salary: $115K-135K/yr + Benefits.
DESCRIPTIONFront Office Solutions is a new strategic business for Client that provides a holistic digital service offering for some of the most sophisticated institutional investors across the globe, including foundations, endowments, pension funds, corporations, insurance companies, central banks, and sovereign wealth funds. As asset owners engage in more complex, data-driven investment approaches to asset allocation, their operational needs and demands for high-quality data have skyrocketed. Front Office Solutions provides a holistic, full-service, multi-asset solution that aims to empower in-house investment teams and support their important mission by providing a more comprehensive set of operational services and analytics including portfolio management, investment decision support, operational risk management, CRM/document management, and workflow tools.The Specialist will be responsible for investment data administration and oversight of individuals that will provide clients with the holistic data sets they need to fulfill their various stakeholder requirements as well as researching and identifying solutions for data challenges for institutional clients.PRIMARY DUTIESServes as daily point of contact for advanced/escalation of client service needs.Responsible for interpreting, reviewing, and resolving ad hoc client requests.Works with client's operational staff on discovery, problem resolution, and workflow management.Acts as first point of escalation for daily/monthly performance issues as raised by junior team members.Acts as a final reviewer and approver for month-end client cycle, including:
Validating statement-based valuationsDelivery of all client data analysis and reporting, inclusive of:
AccountingExposuresPerformance
Hosting monthly client sign-off meetings to review all data and performance results with clients.
Provides final review and sign-off on client output including NAV, allocation, and underlying client performance.Leads new client onboarding, including:
Participating in initial client discovery sessions, assisting in project planning, setting client expectations, and facilitating continuous client updates throughout the onboarding process.Reviewing all historic data entry and reconciliations during client onboarding.Creating client service level descriptions (SLDs) and any associated client negotiations.Managing team and tasks to meet continuous client deadlines and milestones during the onboarding process.
Responsible for adherence to client service level deliverables as documented in the respective SLDs.Responsible for detailed management of client investment data, including:
Investment transactions (typically statement-based for alternative assets; file-based for public markets)Investment valuations (typically statement-based for alternative assets; file-based for public markets)Cost basis analysis, cash movement, pricing, gain and loss analysis, account and position reconciliationAlternative investment manager estimatesPlan income/expense itemsPlan contributions/spending withdrawalsUnderlying manager exposure dataBenchmark dataAlternative investment performance data
Responsible for oversight of all investment reconciliations, including reconciliation of cash, positions, performance, transactions, alternative investment metrics (unfunded commitments, etc.).Responsible for oversight of NAV, allocation, and underlying client performance for alternative investments.Analyzes and communicates output from attribution models to clients.Analyzes and communicates Public Market Equivalent (PME) output to clients.Serves as a resource for toolset’s liquidity analysis and portfolio planning capabilities supporting the institutional asset owner clients.Creates materials and conducts ongoing training activities for clients and new FOS team members, supporting full-service clients and software-only clients, including:
Creating training materials and leading training sessions on daily operational activities as well as system capabilities.
Participates in ongoing process improvement discussions where feasible, including:
Third-party vendor sourcingProcess improvement through technical skillsOngoing Front Office Solutions program build (fee billing, legal contracts, training, etc.).
Qualifications:REQUIRED KNOWLEDGE & SKILLSExperience working with complex asset owners including Endowments, Foundations, Family Offices, OCIOs, Pension Funds, Sovereign Wealth Funds, and institutional asset managers.Strong understanding of institutional investment industry, including markets, instruments, funds and fund structures, trading, etc.Deep knowledge of alternative assets and related operational processes (hedge funds, private equity).Experience managing an investment operations team.Deep understanding of investment operational processes, transactional impacts, cash movement, accruals, and valuation methodologies.Deep understanding of accounting/reporting methods, including IBOR, ABOR, TrueNav, to support complete and accurate data capture.Knowledge of performance measurement concepts and standards including GIPS Standards.Understanding of benchmarks and benchmark calculations across multiple asset classes.Prior experience with multi-asset class portfolio management software.Advanced understanding of Microsoft Suite (Excel, Word, PowerPoint, Visio), with emphasis on Excel.Experienced in operational process improvement.Client servicing and relationship management experience; high level of comfort communicating directly with clients.Ability to prioritize, multi-task, and perform effectively under deadlines.Commitment to project success as it may require working unconventional hours during critical project phases.PREFERRED KNOWLEDGE & SKILLSExperience using VBA, Python or other programming language to format large data sets.QUALIFICATIONSA College or University degree.A minimum of 7 years of institutional investment industry experience in the following fields:
Performance Measurement & Investment Data AnalyticsAlternative asset operationsInvestment OperationsFund accountingFinancial reportingInvestment account data reconciliation – accounting and performance
Completion (or progress towards) of advanced credentials (CFA, CAIA, CPA, MBA) preferred.A genuine desire and capability to work in a fast-paced, professional, inclusive environment which requires teamwork and well-honed problem-solving skills.You Will Enjoy:An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!Apply today to learn more and be part of our Growth story.All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.Department: ScoutThis is a full-time position.
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