Director, Investment Operations

Title:

Director, Investment Operations

Company:

Everest Global Services, Inc.

Job Category:

Operations

Job Description:

About Everest:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role:

Everest Group is seeking to add a Director, Investment Operations to the Investments Team in our Warren, NJ Headquarters. This is a hybrid position working 3 days in office, 2 remote.

As the Director of Investment Operations, you will support both your team’s internally managed portfolios and take on responsibilities for externally managed portfolios and investments. You will play an integral role in enhancing the group’s operational infrastructure and will be a key point of contact for various external parties, including custodians, dealers, external investment managers, and other vendors.

Responsibilities:

• Trade Management

  • Manage day-to-day relationships with Everest’s investment custody banks

  • Lead reconciliation of Investment Book of Record (IBOR) to custodians

  • Support trade confirmation, settlement, allocation, and reconciliation processes

  • Support asset transfers

  • Administer Society for Worldwide Interbank Financial Telecommunication (SWIFT) and bank identifier code (BIC)

  • Track and manage capital calls and distributions for private investments

  • Actively manage any issues that arise relating to the trade process

  • Administer Bloomberg, including setting up new accounts and new users

• Controls

  • Design, document, and update control processes as necessary

  • Serve as a point person for Internal Audit and External Audit interactions and requests

• Data Management

  • Maintain oversight of investment data and systems vendors

  • Assist with security master file (SMF) creation and updates as necessary for new manager relationships and new investments on an ongoing basis

  • Support data integrity processes on an ongoing basis

• Record Keeping

  • Keep record of all final deal documentation, including updates to the following types of documents:

    • Investment Management Agreements (IMAs)

    • Form ADVs

    • Sarbanes-Oxley Compliance (SOC) documentation

  • Support the documentation of the Investment Advisory Committee (IAC)

• Vendor Management

  • Manage vendor invoice process with team members. Check calculations against contracts and ensure invoices are paid in a timely manner.  Keep a record of ongoing expenses

  • Support due diligence and procurement process for new vendors

Work Experience and Qualifications:

• 7-15 years of experience in investment operations

• Experience with private market investments (fixed income, equity, partnerships)

• Familiarity with Bloomberg and custody bank portals

• Proficient in Excel and Power BI

• Bachelor’s degree in Finance or related field

• Master’s degree in business, finance. or a professional designation (CPA, CFA) a plus

• Experience using VBA, SQL, and or Python a plus

• Familiar with Aladdin and Oracle a plus

• Work experience at an insurance/reinsurance company a plus

The base salary range for this position is $150,000 - $175,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.