Fund Administration, Private Wealth Operations

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

This role could be located in Massachusetts. Open to flexible hybrid work schedule.

What You’ll Be Doing

The Senior Operations Specialist will be responsible for the review and processing monthly and quarterly valuations, capital activity and pricing for our sponsored funds. The analyst will process all capital and pricing updated for client held alternative assets. The employee will provide client statement support, assist with the annual audit and support the fund’s annual tax responsibilities. The analyst will resolve any issues and identify and implement controls. The analyst will participate in various ad hoc assignments including new projects.

How You’ll Succeed

• Assist in the management of all procedures and controls within the Operations team

• Resolve issues and implement controls

• Train/mentor junior analysts

• Subject Matter expert on operational functions for the firm

• Review quarterly and monthly valuations for our Sponsored Funds

• Coordinate and review all audit and tax reports

• Review annual investor K-1s and fund returns

• Assist in the review of subscription agreements and redemption requests

• Assist in the oversight over the Sponsored Funds key vendors

• Process capital and pricing updates on alternative asset investments

Who You Are

Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

You can demonstrate experience with:

You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.

Your influence makes an impact. You know that relationships and networks are essential to success.  You inspire outcomes by making yourself heard.

You’re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.

• Bachelor’s degree with a focus on Accounting, Finance, Economics, or Business.

• 3 - 6  years of Fund Administration, Alternative Investment Tax Accounting and/or Alternative Audit experience.

• Proficiency in Microsoft Excel is a must. 

• Computer literacy skills are required. 

• Experience with Hedge Funds and Private Equity Funds.

• Experience with Hedge Fund or Private Equity tax reporting preferred.

• Expanded knowledge of investments, security analysis and industry related expertise.

• This position requires strong verbal, written and interpersonal skills; exceptional analytical and organizational skills, an attention to detail and the ability to work in a team environment, with a positive and professional attitude. 

• Must have the ability to work in a fast-paced environment and to effectively multi-task.

What CIBC Offers

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:

Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home

Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity

Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training

Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase plan

CIBC has a strategic growth initiative focused primarily in the U.S. and recently completed the ~US$5 billion acquisition of The PrivateBank, a publicly traded commercial bank, as well as the ~US$200 million acquisition of Geneva Advisors, a private wealth management company.

CIB