Business Unit:

Global Operations

Reporting To:

Manager - Alternative Operations

Shift:

EMEA/UK (1:30 pm – 10:30 pm IST) (India)

About Russell Investments, Mumbai:

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 88-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has over $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024). Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.

Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.

Job Description:

As a member of the Global Fund Services Team, you will support the administration of retail and institutional mutual funds, private equity and private real estate funds, and hedge funds for all RI funds globally. Your specific duties would include performance measurement and reporting, processing capital calls and distributions, cash management, preparation of quarterly reports, valuation support, audit and tax support, fund expense disbursements, data entry, systems support, preparation of regulatory and internal fund reports, and updating policies and procedures.

Years of Experience

2-5 years of mutual fund servicing experience, with strong preference for candidates with private equity and private credit fund experience.

Qualifications

• 4-year college degree required.
• Understanding of the investment strategies of alternative investment funds, specifically Private Equity, Private Real Estate, and Hedge Funds, while also understanding industry standards in the marketplace and how they compare to Russell Investments’ products.
• Efficiency with Microsoft Office products and overall aptitude for utilizing technology to assist with business processing.
• Working knowledge of the relationships and interactions between money managers and administrators/custodians/transfer agents.
• Ability to perform technical analysis.
• Extensive knowledge of investment products and securities.
• Working knowledge of GAAP.

Responsibilities

• Capital Calls and Distributions –reconciliation of fund investment transactions, including detailed documentation and obtaining all required approvals.
• Valuation Support – Retrieving and tracking portfolio fund valuations and preparing overall portfolio valuation support using industry-specific applications.
• Audit and Tax Support – Obtain and track K-1's and foreign reporting information from underlying funds. Prepare data for responding to client requests and audit confirmations. Analyse portfolio fund K-1’s for UBTI and ECI.
• Cash Management – Preparation of wire instructions, cash projections and reconciliations. Reconcile and track unfunded commitments.
• Reporting – Input and maintain company and fund data. Prepare, coordinate, and distribute various internal and external reports on an ongoing and ad hoc basis. Prepare certain regulatory filings.
• Expense Management – Generate, review and analyse fund expense accruals. Allocate and process fund expense disbursements.
• Post-trade Fund Compliance Testing – Monitor U.S. mutual fund compliance dashboard daily, review exceptions and escalate in accordance with procedures.
• Records Retention – Retrieve portfolio fund documentation through emails and manager portals and upload to industry-specific applications within specified timeframes.

Candidate Requirements

• Efficiency with Microsoft Office products and overall aptitude for utilizing technology to assist with business processing.
• Experience with State Street fund accounting and custody platform/reporting, iLevel, Backstop, Peachtree, Confluence a plus

Core Values

• Strong interpersonal, oral, and written communication and collaboration skills with all levels of management
• Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,
• Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.
• Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.
• Exemplifies our customer-focused, action-oriented, results-driven culture.
• Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
• Ability to act with discretion and maintain complete confidentiality.
• Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.