Job description
Company Description
As part of the Wilshire family, you can rest assured that every day you are contributing to an organization that is helping investors improve their financial outcomes. For more than 50 years, Wilshire has been dedicated to providing customized portfolio solutions grounded in research and powered by next generation technologies.
Wilshire advises on over $1 trillion in assets for some of the world’s largest and most sophisticated institutional investors and is headquartered in the United States with offices worldwide.
Job Description
The Platform Operations Associate ensures the seamless operations of all alternative managed accounts. This includes overseeing various aspects of middle and back-office functions, such as fund accounting, collateral management, cash management, treasury operations, and project-based tasks like audits, onboarding new funds, conversions, and liquidations.
What you’ll do:
- Responsible for the review and approval of pre month end reporting including Non-Trading Accrual computation, and Fee calculations. Assist with fund launches and liquidations
- Manage daily and monthly net asset values (NAVs) for all funds(Hedge funds and fund of funds)
- Generate and provide regular reports to internal stakeholders and clients, including performance reports, fee statements, and NAV approvals, in accordance with established timelines and requirements
- Oversee various relationships with outside service providers such as brokers, fund administrators, custodians, tax preparer, investor servicing team and compliance aggregator
- Manage operational aspects related to cash, collateral, and treasury functions
- Responsible for executing cash movements, meeting margin calls, and optimizing cash utilization
- Lead and coordinate various project-based initiatives, including audits, fund onboarding, conversions, and liquidations
- Oversee all day-to-day operational activities of the platform, including wire approvals, account maintenance, and transaction processing
- Monitor operational workflows, identify bottlenecks or inefficiencies, and implement process improvements to optimize operational efficiency and effectiveness
- Prepare and oversee the preparation of annual audited financial statements and tax schedules
- Assist with ad hoc reports special projects as needed
Qualifications
- Bachelor’s degree or equivalent experience
- At least 4-7 years in financial services, fund operations, prime brokerage, or related fields
- Strong understanding of fund accounting principles and cash management.
- Understanding of VBA preferred
- Ability to thrive in a fast-paced and dynamic environment, with a proactive and adaptable approach to challenges
Additional Information
- This position will work on a hybrid model out of our New York office
- We offer a comprehensive benefits package including a collaborative work environment, generous PTO, 401(k) match, affordable & comprehensive medical/dental/vision insurance, CFA and other professional membership reimbursement, and more.
The pay range for this position is $60,000-$120,000. However, base pay will be determined on an individual basis considering various factors, including location, qualifications, skills, and experience. The total compensation package includes eligibility for an annual discretionary bonus and a full range of health and financial benefit offerings, which will be provided in conjunction with an offer of employment.
Visit www.wilshire.com for additional company information.
Wilshire is an SEC registered investment adviser and required to track certain political contributions under Rule 206(4)-5. As such, you may be required to disclose your prior political contributions.
We are an equal opportunity employer, which means we afford equal employment opportunity to all individuals regardless of race/ethnicity, creed, color, religion, sex (including gender and gender identity), national origin, ancestry, age, marital status, veteran status, citizenship status, disability, medical condition (as defined by California Government Code section 12926), or sexual orientation. Our employees, as well as applicants and others with whom we do business, will not be subjected to sexual, racial, religious, ethnic, or any other form of unlawful harassment. In addition, Wilshire adheres to the equal employment opportunity requirements of all states and localities in which it does business. We are completely committed to these principles not only because of the various laws which address these subjects, but because it is the right thing to do for our employees and clients to thrive.
If you have a disability, and require reasonable accommodations in the application process, contact Human Resources at [email protected] or 310-584-6011.
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