Firm Description:
Founded in 2002, SCS Financial is a well-established and growing investment and wealth management firm serving ultra-high net worth families, family offices, and institutional investors. SCS employs just over 130 employees and is headquartered in Boston, with offices in New York City, Providence, and Los Angeles. We manage ~$30 billion in assets across public, alternative, and private market opportunities globally. SCS business model is client-aligned and we aspire to redefine wealth management by delivering holistic client & asset management services built on a foundation of trust and exceeding expectations across generations. Our firm prides itself on our team-based approach, excellent investment performance, a powerful technology platform, and a culture of collaboration and camaraderie.
Role & Responsibilities:
SCS manages over $10 billion through pooled multi-manager vehicles. Many clients choose to invest in these vehicles to access an actively managed portfolio with top managers, often with preferred terms due to scale, and that produces a single K-1 vs. one for each underlying manager. Our pooled investment vehicles, stratified by asset class, are fully discretionary portfolios administered by a third party and audited annually. Select private vehicles are offered to external investors (non-SCS wealth clients) as a fund investment.
We are seeking to add a Vice President to the Alternative Investment Services team (AIS), a current team of 6 responsible for portfolio accounting, financial reporting including oversight of audits and K-1s, cash & credit facility management, and capital activity processing. The Vice President will work closely with internal stakeholders including research analysts and client advisors as well as external partners (e.g., fund administrator, tax partners and auditors) on the support and execution of fund management. The position is a highly visible leadership position and therefore requires the ideal candidate to be a great communicator, detail and process oriented, hard-working, enthusiastic, curious, and display a positive leadership energy. Specific responsibilities include, but are not limited to:
Reviewing fund NAVs across SCS-managed pooled vehicles, which include private investment, hedge funds, and public equity
Maintaining portfolio accounting in Addepar, a world class technology, as well as manager data and attributes (e.g., liquidity)
Managing cross functional workflows and process design enhancements in collaboration with key stakeholders
Liaising with third-party managers, administrators, auditors, etc. to support financial reporting, annual audits and tax reporting
Working closely with Investment and Private Client Advisor teams on day-to-day inquiries, fund matters, and strategic initiatives
Supporting additional operational functions maintained within the Alternative Investment Services team
Completing ad-hoc assignments in a timely, accurate, and well-communicated manner
Qualifications
8 years experience working at an investment services firm specializing in fund accounting and tax reporting, private investment funds a plus
Proven experience as a leader of a high performing team with exceptional oral and written communication skills
Analytical mindset, excellent attention to detail, and proven success with process management
Proactive and solutions-oriented; consistently willing to take initiative to solve current prospective problems, and enhance processes/workflow efficiency
Strong technical acumen highly desired; Addepar and iLEVEL system knowledge is a plus
Ability to thrive in an entrepreneurial environment
Excellent organizational, prioritization and time management skills
Bachelors degree in Accounting, Finance, Economics, or other related area
SCS Financial is an equal opportunity employer.
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