Full-Time

Analyst – Fund Onboarding Specialist

Posted on 5/9/2024

StepStone Group

StepStone Group

1,001-5,000 employees

Provides advisory and investment solutions for private markets


Junior

La Jolla, San Diego, CA, USA

Required Skills
Communications
Management
Requirements
  • Bachelor’s degree in finance, Business Administration, or a related field.
  • Relevant certifications in project management or compliance are a plus.
  • 1-3 years proven experience in fund onboarding, finance, or a related field, with a strong background in vendor management.
  • Exceptional organizational skills and attention to detail, with the ability to manage multiple projects simultaneously in a fast-paced environment.
  • Strong interpersonal and communication skills, capable of building and maintaining relationships with internal teams, vendors, and product managers.
  • Strategic mindset, with the ability to anticipate potential issues and implement effective solutions.
  • Familiarity with legal and regulatory requirements related to fundraising and fund management.
  • Courteous, polite, and supportive always to our clients, internal business partners and extended vendor-based onboarding team
  • Adaptive and flexible, capable of navigating changing priorities and requirements.
  • Advanced capabilities in Microsoft applications including excel
Responsibilities
  • Fund system setup to reflect structure and activate fund to facilitate digital AML / KYC / Subscription review.
  • Coordinate and systematize the initiation and tracking of each LP subscription centrally to ensure timely and appropriate access to digital subscription platform.
  • Manage and maintain a master fund onboarding tracker including live key details and changes across all active fundraises and asset classes.
  • Work in close coordination with vendors to ensure each LP profile in constructed to leverage prior submissions including documentation and information to construct each client profile before becoming available.
  • Oversee and support larger review progress across AML / KYC, subscription, Tax and Fund Counsel with a focus on minimal interactions including timely collated review feedback for investors.
  • Promote timeliness, accuracy and enforce policy standards across extended onboarding teams and third-party providers.
  • Create all draft and final CRM entries including capturing more extensive data regarding fees and LP referential information in accordance with data template standards including contact management and portal access submission.
  • Obtain final sign off for each fund close and LP register across stakeholders. Capture and digitize key details from final subscription document adhering to standard templates for each commitment.
  • Provide timely and accurate fund register deliverable to administrators within 1 week of each closing.
  • Manage and oversee relationships with external vendors, ensuring they meet or exceed contractual obligations and performance standards.
  • Clearly communicate expectations to vendors and internal teams, conducting regular check-ins to monitor progress and address any issues promptly.
  • Implement and uphold high standards and policies throughout the fund onboarding process, ensuring compliance, and addressing deviations.
  • Regularly review and update onboarding standards and risk protocols to adapt to changing regulatory environments and internal policies.
  • Understand and manage exception policy and review requirements and implement into daily operating practices ensuring alignment with policies and commercial strategies alongside the product team.

StepStone Group offers a supportive environment for professionals eager to deepen their expertise in private market investments. Operating at the forefront of private equity, infrastructure, private debt, and real estate, the company provides a stable platform for learning and growth. Their unique blend of comprehensive investment analysis, portfolio management, and advisory services positions them as a leader in the industry, making it an exemplary workplace for those looking to excel in these specialized financial sectors.

Company Stage

N/A

Total Funding

$2.6B

Headquarters

New York, New York

Founded

2007

Growth & Insights
Headcount

6 month growth

3%

1 year growth

7%

2 year growth

29%