Alternative Investments / Assets Analyst

Alternative Investment Analyst

Location : 4900 Tiedeman Road - Brooklyn, Ohio 44144-2302 Qualified candidate must report to the office 2 days per week to the Brooklyn, OH (Tiedeman) location.

The Alternative Investment Analyst role supports Key Private Bank, Wealth Management and Institutional Advisors in the processing of Alternative Investments. The role is responsible for daily processing of Alternative Investments including, initial purchases, subsequent purchases, exchanges, statement processing, subscription agreements, offering memorandums, capital calls, returnable return of capital, reinvestments, partial and full redemptions, unit and cost adjustments, and collections, re-registrations and distributions of Alternative Assets. The Analyst works with Administration to ensure proper documentation is received for all requests. The Analyst works with Pricing, Performance, Income Collections, Client Reporting and the Line of Business to ensure proper transactions are posted. Alternative Investments includes Limited Partnerships, LLC's, Hedge Funds, and REITs.

Essential Job Functions

• Analyze and interpret documentation received to ascertain how an asset should be setup, priced and processed
• Research and work with Limited Partnership & Hedge Fund companies to resolve / understand statements and complex situations such as unit & market value discrepancies
• Reconcile statements to transactions and positions in trust accounting system
• Responsible for wire processing for Capital Call activity
• Monitor Trust Alternative Investments mailbox daily
• Uploading statements department share drive
• Contacting fund companies to obtain monthly statements if not received timely
• Subject matter expert on Alternative Investments and is responsible for training all new team members
• Administer all Alternative Investment audits from start to issue resolution, escalating as needed
• Research and resolve complex problems
• Daily Reconciling
• Trust Real Estate Management balancing
• Responsible for collection, re-registration, and distribution of Alternative Assets
• Handle GRC Audit requests
• Research and resolve any transaction rejects
• Handle the on-boarding and maintenance of Assets Under Management, while coordinating with Performance Measurement for accurate reporting
• Act as the liaison between the LOB and the external fund company Foster strong relationships within the department, other Investment Operations areas, as well as with the LOB
• Takes lead on system upgrades and testing, along with disaster recovery exercises
• Maintain and develop documented procedures with and reviews and updates
• Communicate any issues with the LOB, using system and industry knowledge to determine the appropriate resolution
• Meet performance objectives for accuracy and timeliness in completing actions
• Actively participate in department projects and efforts to increase efficiency and improve service
• Contribute ideas for improvements appropriately
• Prioritize workflow and adapt as expectations change

Required Qualifications

Preferred Qualifications

Compensation and Benefits This position is eligible to earn a base salary in the range of $46,000.00 - $70,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.