What are the responsibilities and job description for the Investment Operations Manager position at Patient Capital Management?
Investment Operations Manager
Patient Capital Management, LLC is a team of investment professionals dedicated to maximizing the long-term wealth of its investors. We firmly adhere to a value-driven, research intensive investment process. We are patient, long-term investors who invest with a longer time horizon than the market, which we view as a competitive advantage. The Firm is responsible for assets under management of $2.0B and is located in downtown Baltimore.
JOB SUMMARY
We are seeking an experienced operations professional to support the operations team and investment team, as well as other functional teams at Patient Capital Management.
Candidates will only be considered by sending a resume and cover letter to careers@patientcm.com
The Operations Manager duties include:
- Assist Investment & Marketing Team members to compile data for monthly, quarterly, and annual reports
- Assist with timely and accurate reporting, including daily performance reports and cash forecasts to the firm, daily reconciliation of cash balances and security positions, manage portfolio accounting, and record transactions in recordkeeping software
- Handle compliance-related requests, including assisting with SEC filings, preparing data for monthly compliance meetings, and quarterly reporting
- Assist with Private Funds accounting, monthly performance, and in gathering data needed for annual tax/audit requests
- Enhance operational efficiency through process improvements and automation
- Prepare correspondence, operations requests, and assist with a variety of administrative projects and research duties
- Lead strategic efforts to advance key business initiatives, such as launching ETFs and researching and recommending technology solutions
- Work with the valuation team to ensure proper valuation and cash flow forecasts
- Assist internal and external parties with the annual audits
- Collaborate with outsourced accounting team and fund administrator to :
- Reconcile monthly/quarterly reporting to LPs
- Review investor statements and other required financial data
- Review and process subscription and redemption documents
- Implement and maintain internal controls and operational workflows to ensure accuracy and transparency
- Potential management of junior team members
Requirements:
- A bachelor’s degree
- At least 3-5 years’ work experience, including operational experience in the asset management industry
- Strong writing and communication skills, with an emphasis on precision and brevity
- Intense motivation for seeking out obscure information and attention to detail
- Thrive in a fast-paced environment while prioritizing a multitude of tasks.
- Flexible and adaptable. Willingness to help wherever needed.
- High degree of professionalism, discretion and integrity.
- Curious mindset and continuous improvement orientation.
- Independent thinkers with strong risk awareness.
- Strong work ethic and self-starter
- Sense of urgency
- Resourcefulness
- This role requires being in the office four days a week and working remotely one day per week.
This position is located in Baltimore, Maryland. Interested candidates should send a resume and cover letter to careers@patientcm.com.