Full-Time

Group Head

Alternative Investments Middle and Back Office Support

Posted on 7/25/2024

City of New York

City of New York

1,001-5,000 employees

City government providing diverse public services

Government & Public Sector
Social Impact

Senior

New York, NY, USA

Category
Asset Management
Investment Banking
Finance & Banking
Required Skills
Data Analysis
Requirements
  • A baccalaureate degree from an accredited college, and six (6) or more years of satisfactory full-time experience in a financial services organization handling either Middle Office functions or Back Office operational support/oversight functions similar to those described in the bulleted list of the job description above; at least 18 months of this experience must have been in an administrative, managerial, or supervisory capacity, supervising professional staff engaged in performing functions mentioned above;
  • Education and/or experience equivalent to "1" above. A graduate degree or a valid New York State Certified Public Accountant (CPA) license can be substituted for two (2) years of professional experience as described in “1” above.
Responsibilities
  • Manage the alternative investments capital call and distribution process, ensuring that all transactions are processed timely and accurately. Review and distribute daily reporting associated with activity;
  • Manage the alternative investments oversight process to ensure that transactions are reflected accurately in the official books and records. Work with alternative’s administrator and third-party consultants to align records and ensure consistency in reporting;
  • Manage reconciliation process of market values for alternative investments as reported in the official books and records to the general partners’ statements;
  • Manage the quarterly fee reporting process which includes the tracking of ILPA fee templates and other fee documents as well as the analysis and reporting of fee data;
  • Manage the reconciliation of IRR and TVPI between consultants and alternative administrator;
  • Participate in discussions with Investment Staff, Investment Managers, Consultants and others to ensure that investments are correctly recorded and reported;
  • Manage the operations due diligence process for potential new alternative investments and participate in operations due diligence meetings;
  • Assist with any automations and conversion efforts to new technology platforms; conduct research to support data analysis and resolve discrepancies;
  • Manage two operations teams including training and development of the team; and, perform other related duties and functions as required.

The City of New York serves as a hub for governance and public services for its over 8.4 million residents. It employs more than 300,000 individuals who work across various sectors, including infrastructure, social services, technology, health, and safety. The city government focuses on improving the quality of life for its citizens by providing essential services and implementing policies that address urban challenges. Unlike other local governments, New York City offers a wide range of career opportunities across more than 40 agencies, allowing employees to engage in diverse fields such as education, public health, and economic growth. The goal of the City of New York is to enhance community well-being and ensure equal opportunity and inclusion for all its residents.

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

2005

Simplify Jobs

Simplify's Take

What believers are saying

  • Focus on remote work can enhance city service efficiency and reduce costs.
  • Green building technologies support NYC's ambitious carbon reduction goals by 2050.
  • Expansion of 5G networks boosts connectivity and smart city initiatives.

What critics are saying

  • Local Law 97 may increase operational costs for city-owned properties.
  • Potential closure of 50% of bars and restaurants could impact city revenue.
  • Rezoning of Soho and Noho may face legal challenges and public opposition.

What makes City of New York unique

  • New York City is the largest city in the United States with 8.4 million residents.
  • The city government employs over 300,000 individuals across more than 40 agencies.
  • New York City is a global leader in finance, culture, and urban planning.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Paid Sick Leave

Paid Vacation

INACTIVE