Associate Director - Operations Manager

New Yorkfull timeOn Site

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senior

$125k–$150k

H1B: no

Clearstreet Associate Director - Operations Manager at Clear Street manages business, administrative, and operational functions of CSIM fund of funds. Responsibilities include capital and cash management, NAV reporting, risk monitoring, and service provider oversight.

Responsibilities

We are looking for someone to take over the running of the business, administrative and operational side of CSIM. You will own capital and cash, NAV and reporting, risk monitoring and service provider oversight, and partner with the Investment Committee, our CCO and Clear Street’s accounting and finance teams. This seat has the potential to become COO for an outstanding candidate.
Manage investor subscriptions, redemptions and transfers with the fund administrator, including onboarding and KYC/AML.
Run cash management and liquidity planning across the fund, including funding of underlying investments and redemption notices to underlying managers.
Track lock-ups, notice periods, gates and liquidity terms across the portfolio, and match them against the fund’s own investor terms.
NAV, Reporting & Audit
Review the monthly NAV with the administrator, including estimated and final marks from underlying funds and class-level fee and incentive allocation calculations.
Produce investor statements, monthly and quarterly reporting, and internal performance reporting.
Coordinate the annual audit with the auditor and the tax preparer on partnership returns and K-1s.
Risk & Exposure Monitoring
Monitor exposure, leverage and margin in separately managed accounts, including funding levels, collateral in first-loss arrangements, and counterparty exposure on swaps and structured notes.
Report concentration, liquidity and exposure to the Investment Committee, and flag breaches or trends early.
Service Providers & Clear Street

Qualification

2–5 years in operationsExperience with auditsAnalytical & FunctionalFamiliarity with prime brokerageJudgment and ownership

Required

2–5 years in operations, fund accounting or finance at a fund of funds, hedge fund, allocator, fund administrator or audit firm serving asset managers.
Experience overseeing a fund administrator and reviewing NAVs, not just receiving them.
Experience with audits, DDQs and investor ODD.
Experience building processes from scratch, valued over familiarity with any one system.
Financial services or high-growth technology experience preferred.
Analytical & Functional
Working knowledge of partnership accounting, multiple share classes, management fees, incentive allocations, hurdles and high-water marks.
Familiarity with prime brokerage, margin, separately managed accounts and derivatives such as total return swaps.
Judgment and ownership: you notice what is about to go wrong, fix it, and tell us.