ApTask
Temp | Technical | Business Analyst III | Level 3(USD)
ApTask, Conshohocken, Pennsylvania, us, 19429
About Client:Client is a global financial services firm that provides a wide range of investment banking, securities, wealth management, and investment management services. It is a prominent global financial services firm with a rich history and a strong presence in the financial industry.The Client is committed to corporate responsibility and sustainability. It aims to make a positive impact on society through various initiatives, such as promoting environmental sustainability, supporting diversity and inclusion, and engaging in philanthropic activities.
Rate Range: $40-$45.28/Hr
Job Description:
Responsibilities in this position will result in detailed knowledge of accounting and operations for the HFS portfolios, including investments in hedge funds, private equity funds and co-investments, more liquid daily-traded fund investments and securities, and derivative investments, such as total return swaps and forward currency contracts.This position will also result in detailed knowledge of accounting for hybrid fund structures that combine hedge fund investing with private equity investor capital activity and fee structures.This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles.This position will be located in the West Conshohocken, PA office.Responsibilities:
Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions, including cash distributions and receipts.Developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios.Overseeing third party service providers in posting activity to the portfolios' general ledger and maintaining portfolio activity in AIS's parallel portfolio accounting system, Investran.Reconciling transactions, valuations, management fees, performance fee/carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy.Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis.Preparing or reviewing monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations.Reviewing daily cash reconciliations performed with multiple custodian banks and ensuring outstanding items are resolved on a timely basis.Tracking email correspondence within the team's group mailbox and escalating time sensitive correspondence to the appropriate internal parties. Providing regular daily support and responding to numerous ad hoc requests from investment management, investors, and other internal and external stakeholders.Providing support for the Team's product, regulatory, and other audits; ; assisting with preparation of materials for periodic board of director meetings; assisting with review of offering documents for new products and supporting other areas of product development, as needed.Working effectively with third party service providers and internal parties to ensure a high level of service for the Team's products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the AIS team.Performing other related functions or responsibilities as needed or assigned.Qualifications:
Bachelors degree, or equivalent, in Accounting, Finance, or related business field is preferredA minimum of three to five years of investment accounting experiencePrior experience in alternative investment operations is preferred but not required; knowledge of hedge fund or private equity fund or derivatives accounting, or experience with Investran, is a plus.Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise mannerDetail-oriented and highly motivatedAbility to work effectively with minimal supervisionSS POC: George Ritorto.
Non-benefitted (other than those mandated under state or federal law).Please note that this position does not include paid time off benefits. ApTask offers subsidized insurance coverage to our employees.
About ApTask:ApTask is a leading global provider of workforce solutions and talent acquisition services, dedicated to shaping the future of work. As an African American-owned and Veteran-certified company, ApTask offers a comprehensive suite of services, including staffing and recruitment solutions, managed services, IT consulting, and project management. With a focus on excellence, collaboration, and innovation, ApTask provides unparalleled opportunities for professional growth and development. As a member of the ApTask team, you will have the chance to connect businesses with top-tier professionals, optimize workforce performance, and drive success across diverse industries. Join us at ApTask and be part of our mission to empower organizations to thrive while fostering a diverse and inclusive work environment.
Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.
Candidate Data Collection Disclaimer:At ApTask, we prioritize safeguarding your privacy. As part of our recruitment process, certain Personally Identifiable Information (PII) may be requested by our clients for verification and application purposes. Rest assured, we strictly adhere to confidentiality standards and comply with all relevant data protection laws. Please note that we only collect the necessary information as specified by each client and do not request sensitive details during the initial stages of recruitment.
If you have any concerns or queries about your personal information, please feel free to contact our compliance team at businessexcellence@aptask.com .
Rate Range: $40-$45.28/Hr
Job Description:
Responsibilities in this position will result in detailed knowledge of accounting and operations for the HFS portfolios, including investments in hedge funds, private equity funds and co-investments, more liquid daily-traded fund investments and securities, and derivative investments, such as total return swaps and forward currency contracts.This position will also result in detailed knowledge of accounting for hybrid fund structures that combine hedge fund investing with private equity investor capital activity and fee structures.This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the investment vehicles.This position will be located in the West Conshohocken, PA office.Responsibilities:
Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions, including cash distributions and receipts.Developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios.Overseeing third party service providers in posting activity to the portfolios' general ledger and maintaining portfolio activity in AIS's parallel portfolio accounting system, Investran.Reconciling transactions, valuations, management fees, performance fee/carried interest calculations, P&L components, and other activity between Investran and the third party service provider's records on a monthly/quarterly basis to ensure accuracy.Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis.Preparing or reviewing monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations.Reviewing daily cash reconciliations performed with multiple custodian banks and ensuring outstanding items are resolved on a timely basis.Tracking email correspondence within the team's group mailbox and escalating time sensitive correspondence to the appropriate internal parties. Providing regular daily support and responding to numerous ad hoc requests from investment management, investors, and other internal and external stakeholders.Providing support for the Team's product, regulatory, and other audits; ; assisting with preparation of materials for periodic board of director meetings; assisting with review of offering documents for new products and supporting other areas of product development, as needed.Working effectively with third party service providers and internal parties to ensure a high level of service for the Team's products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the AIS team.Performing other related functions or responsibilities as needed or assigned.Qualifications:
Bachelors degree, or equivalent, in Accounting, Finance, or related business field is preferredA minimum of three to five years of investment accounting experiencePrior experience in alternative investment operations is preferred but not required; knowledge of hedge fund or private equity fund or derivatives accounting, or experience with Investran, is a plus.Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise mannerDetail-oriented and highly motivatedAbility to work effectively with minimal supervisionSS POC: George Ritorto.
Non-benefitted (other than those mandated under state or federal law).Please note that this position does not include paid time off benefits. ApTask offers subsidized insurance coverage to our employees.
About ApTask:ApTask is a leading global provider of workforce solutions and talent acquisition services, dedicated to shaping the future of work. As an African American-owned and Veteran-certified company, ApTask offers a comprehensive suite of services, including staffing and recruitment solutions, managed services, IT consulting, and project management. With a focus on excellence, collaboration, and innovation, ApTask provides unparalleled opportunities for professional growth and development. As a member of the ApTask team, you will have the chance to connect businesses with top-tier professionals, optimize workforce performance, and drive success across diverse industries. Join us at ApTask and be part of our mission to empower organizations to thrive while fostering a diverse and inclusive work environment.
Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.
Candidate Data Collection Disclaimer:At ApTask, we prioritize safeguarding your privacy. As part of our recruitment process, certain Personally Identifiable Information (PII) may be requested by our clients for verification and application purposes. Rest assured, we strictly adhere to confidentiality standards and comply with all relevant data protection laws. Please note that we only collect the necessary information as specified by each client and do not request sensitive details during the initial stages of recruitment.
If you have any concerns or queries about your personal information, please feel free to contact our compliance team at businessexcellence@aptask.com .