Associate, Alternative Investments

Associate, Alternative Investments page is loaded## Associate, Alternative Investmentslocations: Newport Beach, CAtime type: Full timeposted on: Posted 2 Days Agojob requisition id: JR5367**Join a team that values your ambition and empowers your growth** At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.## Job Description:## Finance and Accounting Responsibilities:* Fund Accounting & Operations: Work closely with Fund Treasurer on newly launched Corient Registered Alternatives Fund (CoRA) + Help create and improve internal procedures to enhance investment experience and reduce operational risk + Closely work with third-party fund administrator to ensure accuracy of the accounting books and records + Assist with monthly valuation and fund NAV review + Coordinate with Fund President to place portfolio trades + Process invoice payments and expense reimbursement payments + Coordinate with Auditor and Tax Preparer on fiscal year and tax reporting + Assist in resolving client subscription issues with the fund administrator + Enhance reporting functionality to provide key information to internal and external stakeholders* Alternative Investment Billing: Review of quarterly billing support workpapers for Corient sub-advised investment funds. Invoice underlying fund managers and track the collection of cash proceeds.* Alternative Revenue Attribution: Maintain and track alternative fund revenues to provide attributable revenue data for FP&A review.* Audit Support: Work closely with Corient Corporate Accounting and directly with management company auditor with requests for alternative investment revenue items.* Tracking Reimbursable Fund Expenses: Working with Accounts Payable and Corporate Finance teams to track relevant reimbursable expenses that need to be invoiced to various alternative funds.* Carried Interest Tracking: Work closely with Legal and Alternatives team to ensure tracking of carried interest owed to Corient is being appropriately accounted for in the correct legal entity and captured when realized.### Additional Responsibilities:* Providing support to various fund structures where Corient serves as the General Partner / Investment Manager* Ability to help oversee and work closely with key fund service providers including tax accountants, fund administrator, auditor, custodial and banking counterparties, etc.* Managing line of credit to determine when to draw down, pay off, and maintain compliance with credit facility* Overseeing capital call process to distribute excess capital to LP* Working with key internal stakeholders across the firm*This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice.***Pay Information**This position is exempt and is paid according to the laws of the State of California. The pay range for this position is $92,600-$120,000 USD per year. *We are required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience.***Physical Requirements*** This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible.* This position may require the ability to lift up to 15 pounds.* This position is required to work onsite 4 days per week.**U.S. Eligibility Requirements*** Must be 18 years of age or older.* Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization.* Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9.* Must be willing to execute Corient’s Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure.**What You Can Expect from Us**Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through:* 401(k) Plan with Employer Matching* Four Medical Plan options that is generously subsidized by Corient* Employer paid Dental, Vision & Life and AD&D Insurance* Employer paid Short-term & Long-term Disability* Paid Maternity & Parental Leave* Flexible Spending Accounts & Health Savings Accounts* Dependent Care FSA* Commuter & Transit FSA* Corporate Discount Program - Perkspot* Training Reimbursement* Paid Professional Designations* Giving back to the community - Volunteer daysCorient is one of the fastest-growing wealth management platforms in the United States. We have over 40 offices located across the country that serve more than 15,000 clients and manage over $220 billion in client assets. We combine a boutique’s personal service, creativity and objective advice with the extensive resources and vast intellectual capital of an innovative industry leader to create a profoundly different wealth management experience for our clients.Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities.We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.This position description is intended to provide a general overview of the expectations and responsibilities of this position and may not include all tasks that may be assigned. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned with or without notice.Corient #J-18808-Ljbffr Corient Private Wealth LLC.