What are the responsibilities and job description for the Investment Operations Manager (Hybrid) position at Daley And Associates, LLC?
Investment Operations Manager (Hybrid, Boston)
A successful Endowment in Boston is actively seeking an Investment Operations Manager to join their team. This person will play a key role in supporting the operational, financial, and reporting functions of a sophisticated investment portfolio. This individual is responsible for portfolio accounting and performance reporting, cash management, operational due diligence, audit and tax support, and additional office functions.
Responsibilities:
Portfolio Operations & Reporting
A successful Endowment in Boston is actively seeking an Investment Operations Manager to join their team. This person will play a key role in supporting the operational, financial, and reporting functions of a sophisticated investment portfolio. This individual is responsible for portfolio accounting and performance reporting, cash management, operational due diligence, audit and tax support, and additional office functions.
Responsibilities:
Portfolio Operations & Reporting
- Lead monthly accounting close and oversee performance reporting
- Monitor portfolio performance calculations and ensure data accuracy
- Manage fund onboarding, subscription documents, and document systems
- Liaise with third-party administrator and oversee portfolio transparency tools
- Monitor daily cash activity and maintain reconciliations
- Support cash components of rebalancing activities
- Maintain internal cash dashboard and lead weekly reporting
- Assist with the annual audit and review of investment financial statements
- Support investment-related tax matters (e.g., 990-T prep, K-1 reviews, net investment income)
- Coordinate with external tax advisors as needed
- Support operational due diligence for external investment managers
- Maintain diligence calendar and assist in scheduling reviews
- Complete quarterly and annual industry surveys
- Prepare monthly internal budget reports
- Bachelor’s Degree in Accounting, Finance or related field
- 5 years of experience in investment operations or accounting
- Asset management background preferred, CPA a plus
- Comfortable working in a small, team-oriented environment
- Must be willing to work on a hybrid schedule 4X in Boston