**This is a Philadelphia, PA based role. Must be able to commute to Philadelphia 4 days a week in-office.
About the job
The Fund Reconciliation team supports the entire FS family of funds in providing trade support, shareholder accounting, and fund event oversight. The team works closely with internal and external stakeholders, including banks, sub-advisors, custodians, intermediaries, and transfer agents to ensure accuracy and execution across daily positions, cash, shareholder trade processing and corporate actions.The Fund Reconciliation Analyst will work within our Operations department and be trained by experienced professionals to build industry knowledge and technical competence, specifically in alternative investments.
They will also have the opportunity to learn from and collaborate with colleagues across the firm, participating in projects as needed.
The successful candidate is expected to:
- Analyze large volumes of data from various sources to identify and resolve issues related to shareholder records.
- Coordinate with funds’ transfer agent to validate the processing of shareholder activity including purchases, redemptions, commissions, and dividend issuances.
- Manage other transfer agent related processes, including Blue Sky and ERISA limit tracking, upfront and trailing fee calculation, and investor-level fee tracking.
- Prepare and analyze monthly, quarterly, annual, and ad hoc reporting for compliance, audit, and performance.
- Provide data to support various internal teams, including but not limited to Finance, Legal, Due Diligence and Portfolio Management teams.
- Research and document process and/or system issues and propose enhancements or solutions to prevent future issues.
- Complete assigned tasks within established deadlines while adhering to quality and performance standards.
- Respond promptly and professionally to inquiries from a broad audience of internal and external stakeholders.
- Periodically document and review departmental policies and procedures and make recommendations for workflow improvements when appropriate.
Qualifications:
- Bachelor’s degree required. Business, Accounting, Finance, or Economics background preferred.
- 1-3 years’ experience in finance, operations, and/or other relevant work experience.
- Strong proficiency in Excel is preferred.
- Excellent analytical skills with knowledge and understanding of process design and implementation.
- Motivated to request new projects, improve efficiency on existing tasks and work autonomously towards a specified result.
- Strong organizational skills with ability to work on multiple projects simultaneously and keep order in a fast paced, deadline-driven work environment.
- Ability to work cooperatively within a team structure and with other internal departments, as well as external business partners.
- Excellent verbal and written communication skills.
FS Investments: 30 years of leadership in private marketsFS Investments is an alternative asset manager dedicated to delivering attractive returns across private equity, private credit and real estate. Following its 2023 acquisition of Portfolio Advisors, FS Investments now manages over $75 billion for both institutional and wealth management clients around the world, drawing on 30 years of experience and more than 500 employees operating across nine global offices.The firm’s investment professionals manage a wide range of differentiated strategies across private markets and collectively manage relationships with 300+ sponsors.
FS Investments’ active partnership model creates a virtuous cycle of superior market insights and deal flow, which inform the underwriting process and help to generate strong returns.
FS is an Equal Opportunity Employer.
FS Investments does not accept unsolicited resumes from recruiters or search firms. Any resume or referral submitted in the absence of a signed agreement is property of FS Investments and no fee will be paid.
