Business Unit:

Job Description:

Role Summary

This position is responsible for supporting the administration of private equity and private real estate funds as well as working with hedge funds and other fund complexes when needed.

Specific duties include:

• Processing capital calls and distributions.

• Cash management and valuation support.

• Performance measurement and reporting.

• Audit and systems support.

• Preparation of regulatory and internal fund reports.

• Monitoring and working closely with custodians and administrators to ensure fund accounting, fund expense and valuation policies and procedures are being followed.

The responsibilities of the individual in this position include:

Regulatory & business conduct

• Displaying exemplary conduct and living by our organisation’s Code of Conduct.

• Taking personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct across the business.

• Effectively and collaboratively identifying, escalating, mitigating and resolving risk, conduct and compliance.

Fund support

• Dealing with capital calls, distributions/subscriptions and redemptions.

• Assisting with the preparation, tracking and completion of fund investment transactions, including detailed documentation, and obtaining or providing required approvals.

• Cash management and fund expense management.

• Preparation of wire instructions, cash projections and reconciliations.

• Reconciling unfunded commitments.

Fund valuation

• Valuation support.

• Retrieving and tracking large quantities of PE/RE portfolio company valuations and inputting into industry-specific applications (Backstop).

• Preparing portfolio valuations and quarterly reports for internal and external clients.

• Providing monitoring and signoff on estimate and final NAVs.

• Interacting with fund administrators and underlying fund administrators regularly.

Client service

• Acting as a point of contact/liaison with the investment team.

• Acting as a point of contract for the administrators/custodians for Fund Administration as it relates to the day to day operations of alternative investments.

• Addressing all inquiries with professionalism and a timely response.

Reporting

• Internal/external reporting

• Preparing, coordinating, and distributing various internal and external reports, as well as various ad-hoc reports.

• Providing audit and tax support.

• Obtaining and tracking K-1s and foreign reporting information from underlying funds.

• Assisting with FATCA and Common Reporting Standard (CRS) compliance.

• Preparing data for responding to client requests and audit confirmations.

Systems support

• Inputting and maintaining fund data.

• Responding to queries and producing reports.

The successful candidate will have extensive demonstrable skills and experiences including the following:

• Relevant investment management or financial services certification/diploma or equivalent desirable.

• Business related undergraduate degree (Mathematics / Economics or similar) or equivalent experience/ qualification.

• Understanding of investment strategies of alternative funds, specifically private equity, private debt, private real estate, infrastructure and hedge funds preferred.

• Understanding industry standards in the market place and how they compare to Russell Investment's products.

• Efficiency with Microsoft office products and overall aptitude for utilising technology to assist with business processing is essential.

• Understanding the details of how our vendors/partners (SSB, HSBC, BNY) support our funds.

• Able to work with minimal guidelines or instructions.

• Experience working with fund formation and related governing documents.

• Good working knowledge of GAAP.

• Ability to interpret accounting/financial information and understand how, when implemented, it may affect corporate profitability, distributor attraction/attention and investor attraction/attention.

• Excellent client service skills; superior written and verbal communication abilities.

• Proven ability to work both independently and as part of a highly functioning team.

• Ability to work efficiently under pressure with minimal supervision; ability to organise and prioritise multiple assignments and meet deadlines.

• Experience with AIFM, Investment Act of 1940, Common Reporting Standard, anti money laundering laws, and/or other EU/UK/US securities regulations is a plus.