Alt Investments Ops Spec I

umb; Milwaukee (WI); On-site; USD 45,000 - 66,000; Full time

Benefits offered by this job

Paid Time Off

401(k) matching

Annual incentive pay

Paid holidays

Health, dental, vision insurance

Job summary

UMB's Funds Services division seeks an Alternative Investments Operations Specialist I to kick off the operations process for new clients, handling documents for private equity, hedge funds and funds of funds, as well as mutual funds. You will review investor documents for accuracy, input data with 100% precision, and help resolve issues while supporting projects and client conversions.

A Bachelor's degree and at least one year of transaction processing experience are required; the role offers

Qualifications

• Bachelor's degree is required.
• At least one year of transaction processing experience.
• Experience with alternative investment documents is a plus.

Responsibilities

• Ensure all transactions are processed accurately, timely, and complete.
• Participate in client conversions and projects.
• Test new systems and programs to improve efficiency.
• Perform comprehensive review of investor documents for accuracy and data entry with 100% precision.
• Review colleagues' work and provide constructive feedback.

Skills

Attention to detail

Data entry

Research skills

Education

Bachelor's degree

Tools

Database systems

Job description

The Funds Services division of UMB works with clients to provide accounting, tax, audit, and administrative services for alternative investments, such as private equity funds, hedge funds, and fund of funds, as well as, mutual funds and collective trusts.

As the Alternative Investments Operations Specialist I, you will help start the operations process when the Funds Services division acquires new clients. You will be assigned a group of alternative investment clients, and be responsible for processing all documents for Alternative Investment products that UMB services. As documents come to your queue to process, you will review the document to ensure everything is in good order. You will research and resolve items that are not in good order.

How you will spend your time:

• Ensure that all transactions are processed accurately, timely, and completed in their entirety
• Participate in projects/project teams and client conversions
• Test new systems and programs to improve efficiency and effectiveness
• Perform comprehensive review of all investor documents to ensure accuracy; Input investor information into database ensuring 100% accuracy
• Review the work of others specialists and provide constructive feedback
• Assist with writing and updating procedures

We're excited to talk with you if:

• You possess a Bachelor's degree
• You possess one year of transaction processing experience
• This position was posted on 10/13/2026. The application deadline for this position is 45 days from the posting date unless filled earlier.

Compensation Range:

$44,685 - $65,736

The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

Benefits

• Paid Time Off
• a 401(k) matching program
• annual incentive pay
• paid holidays
• a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• health savings, flexible spending, and dependent care accounts
• adoption assistance
• an employee assistance program
• fitness reimbursement
• tuition reimbursement
• an associate wellbeing program
• an associate emergency fund
• and various associate banking benefits
• Benefit offerings and eligibility requirements vary.

Are you ready to be part of something more?

You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to [e-mail] to let us know the nature of your request.

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