Client Administration Associate
New York, New York • $85,000-$100,000
About the Company:
Our client is a boutique advisory firm that provides comprehensive wealth management services to ultra–high-net-worth families. They take a highly customized approach, blending investment strategy with estate, tax, and generational planning.
Responsibilities:
- Assist with regulatory filing preparation
- Provide the fund administrator with monthly capital activity reports
- Prepare wires for investor redemptions and review and verify all wire instructions used are correct
- Review direct alternative subscription documents for client service group as needed
- Record all investor transactions, investor transaction documents, and clarify any discrepancies
- Distribution of all client communications including K1’s, fund capital calls/distribution notices, and subscription/redemption notices
- Track all commitment fund closes for the firm and coordinate with the fund administrator on compliance matters
Requirements:
- Bachelor’s degree required
- 1-3 years of related experience from a fund administrator
- Experience with UHNW clients and their portfolios a plus
- Knowledge of alternative fund structures
- Experience recording capital activity for various alternative fund structures
Salary Range:
$85,000-$100,000
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