Alternatives Associate

Position Summary

Focus Partners Wealth is seeking an Alternatives Associate to will work closely with the firms Wealth Management Team.

Focus provides team members the flexibility to work a hybrid schedule. Our hybrid model is defined as 3 days in office work required per week while giving team members the option to work remotely 2 day per week or as assigned by their team leader.

Primary Responsibilities

• Prepare and review subscription documents for alternative investments (i.e. private equity funds private real estate funds and hedge funds) and handle follow up questions and requests for supporting materials.
• Identify operational process improvements and contribute to the implementation of productivity and efficiency improvements to drive exceptional client service and risk mitigation.
• Work closely with our Wealth Management Team to satisfy AML/KYC requirements for client investments in alternative investments.
• Review and understand offering documents (PPMs) limited partnership agreements and related documents for alternative investments.
• Assist in developing educating and training the firms staff on alternative investment operations processes.
• Track closing dates and other deadlines for alternative investments ensuring timely completion.
• Play a significant role in assisting in the development of robust processes and reports to keep the Wealth Management Team informed about crucial pre-fund status processes and requirements.
• Monitor and reconcile money movement associated with capital activity.
• Communicate effectively with internal teams fund managers investors custodians and auditors fostering strong relationships.
• Assist with the distribution of tax documents and audited financial statements.
• Onboard new alternative investment offerings to the firms platform.
• Maintain accurate client records and record information in the firms CRM.
• Execute service requests in conjunction with the Wealth Management Team and maintain appropriate follow-up with sponsors custodians and clients.
• Assist with recurring audits reporting and projects as needed.

Qualifications

• Required: 3 years of experience in the alternative investments or wealth management industry.
• Bachelors degree in finance business administration or a related field (or equivalent work experience).
• Prior experience completing or reviewing subscription documents for private equity funds private real estate funds and/or hedge funds.
• Familiarity with trust estate and legal entity structures.
• Know Your Client and Anti-Money Laundering experience (KYC/AML).
• Proficiency in Microsoft Excel and ability to learn new applications.
• High attention to detail and organizational skills.
• Ability to work in a fast-paced environment while managing numerous projects and clients.
• Ability to work independently and take initiative while also being a team player.
• Strong interpersonal skills and a positive attitude.
• Adaptability and ability to learn new concepts quickly.
• Excellent problem-solving skills.
• Outstanding customer service skills.
• Excellent communication and organizational skills.
• Capability to develop and deliver innovative ideas as the position grows.
• Ability to collaborate and work with teammates to accomplish daily deliverables.

This position is an non-exempt position. The annualized base pay range for this role is expected to be between $75000$80000 base salary compensation range. Actual base pay may vary based on factors including but not limited to experience subject matter expertise geographic location where work will be performed and the applicants skill set. The base pay is just one component of the total compensation package. Other rewards may include an annual cash bonus and a comprehensive benefits package including but not limited to medical dental vision life insurance and 401(k). Please note that the job title is subject to change based on the selected candidates experience and education.

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About Focus Financial Partners

Focus is a leading financial services firm comprised of integrated wealth management family office and business management services. Blending deep expertise and expansive resources with a boutique client-first fiduciary philosophy Focus helps individuals families and institutions navigate complex financial situations with highly personalized solutions tailored to their unique needs. To learn more about Focus visit follow the company onLinkedIn.

Focus is an equal opportunity employer and bases its employment decisions on the employee or candidates skillset and without regard to an employee or candidates race color religion sex (including pregnancy) gender identity sexual orientation national origin age disability genetic information veteran status or any other characteristic protected by local state and/or federal law.

Focus complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process to perform essential job functions and/or to receive other benefits and privileges of employment please contact .

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For Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this shall be subject to criminal penalties and civil liability.

For Montana Applicants: If hired the employment relationship is governed by the Wrongful Discharge from Employment Act. Mont. Code Ann. Section.

For Rhode Island Applicants: Focus is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the states workers compensation law. If you willfully provide false information about your ability to perform the essential functions of the job with or without reasonable accommodations you may be barred from filing a claim under the provisions of the Workers Compensation Act of the State of Rhode Island if the false information is directly related to the personal injury that is the basis for the new claim for compensation. The Company complies fully with the Americans with Disabilities Act.