Associate, Alternative Investments at Corient in Newport Beach, CA

Summary: Corient is one of the fastest-growing wealth management platforms in the United States, helping high- and ultra-high-net-worth individuals preserve their wealth. The Associate, Alternative Investments role involves fund accounting and operations, ensuring accurate accounting records, and supporting various fund structures as a General Partner/Investment Manager. 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 - 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 Required Qualifications: - Must be 18 years of age or older - Must have unrestricted work authorization to work in the United States - Must be willing to execute Corient's Employee Agreement or Confidentiality and Non-Disclosure Agreement - Ability to help oversee and work closely with key fund service providers including tax accountants, fund administrator, auditor, custodial and banking counterparties - 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 - Review of quarterly billing support workpapers for Corient sub-advised investment funds - Invoice underlying fund managers and track the collection of cash proceeds - Maintain and track alternative fund revenues to provide attributable revenue data for FP&A review - Work closely with Corient Corporate Accounting and directly with management company auditor with requests for alternative investment revenue items - Working with Accounts Payable and Corporate Finance teams to track relevant reimbursable expenses that need to be invoiced to various alternative funds - 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 - 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 Required Skills: Fund Accounting, Fund Operations, Investment Fund Administration, NAV Valuation, Portfolio Trade Coordination, Invoice, Expense Processing, Audit Coordination, Tax Reporting, Alternative Investment Billing, Revenue Attribution, Financial Planning, Analysis (FP&A), Expense Tracking, Carried Interest Accounting, Credit Facility Management, Capital Call Process Management Benefits: 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 days