Location: Reston,VA, USA
Job Details
Level: Experienced
Job Location: Reston Office - Reston, VA
Position Type: Full Time
Education Level: 4 Year Degree
Salary Range: Undisclosed
Description
About Cresset
Cresset is an award-winning, independent, multi-family office, and private investment firm. Cresset was founded with a vision to reinvent the way people experience wealth by providing access to the talent, ideas, and investment opportunities available to the largest single-family offices and endowments. We offer individuals and families a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning, and other services through Cresset Asset Management, an SEC-registered investment advisor that has surpassed $50 billion in assets under management. The firm is widely recognized for its excellence and is frequently ranked as a Barron's and Forbes top advisor.
Our company is actively seeking an Associate Director, Private Investment Reporting analyst to support the day-to-day maintenance of alternative investments data and complex ownership structures.
Responsibilities will include:
* Support all internal reporting needs across the firm's investments in private capital.
* Conduct private investment valuation and transaction updates using data from third-party sources.
* Assist in managing the team's data reconciliation efforts and other reconciliation processes.
* Proactively manage multiple projects related to new private investment onboarding. Provide routine updates to senior team members and oversee to completion.
* Oversee migrating large data sets using multiple reporting systems and collaborating with other departments as needed to oversee successful completion.
* Work with fund administrators and other vendors to establish and verify accuracy of data feeds.
* Collaborate with advisors and client relationship specialists in onboarding new client's private investment allocations.
* Work directly and develop relationships with fund administrators and third-party vendors.
* Remain current with Cresset's private investment allocations, including all fund managers and administrators.
* Maintain a personal commitment to professional development and cultivating strong relationships with other departments at Cresset.
Qualifications:
* Minimum of 5 years of experience in financial services focused on reporting, preferably in wealth management.
* Bachelor's degree required, Finance, Accounting, Economics or Mathematics degree preferred.
* In-depth knowledge of private capital investments and related fund legal structures.
* Advanced fund accounting and operational knowledge in reporting across the universe of private capital investments (e.g., private equity, private debt, structured credit, real estate, hedge funds, and other open- and closed-ended fund structures).
* Extensive working experience in analyzing and interpreting complex data sets.
* Strong understanding of Global Investment Performance Standard (GIPS) and application in performance calculations and reporting methodologies on private fund structure.
* Strong Excel skills required. Background in accounting and financial modeling preferred.
* Ability to lead independently and in an operations-focused, fact paced team environment.
* Strong project and relationship management skills.
* Excellent written and verbal communication skills and strong presentation capability.
* Must be able to perform successfully under pressure in an intellectually challenging, service-oriented environment and enhance the business in keeping with Cresset's values and culture.
What We Offer:
At Cresset, we focus on people first. As a service business, our people are our assets. Engaging our clients and employees is our highest priority. Starting base salary range: $90,000 - $120,000. Salary will be based on factors including, but not limited to, experience, licenses/certifications, industry knowledge, and geographic location. Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs. Aligning employee and organizational interests, all employees receive equity in Cresset.
Equal Employment Opportunity
It is the policy of Cresset to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Cresset's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.