Fund Operations Analyst — Hybrid, Equity Eligible

Allocate; New York (NY); Hybrid; USD 85,000 - 100,000; Full time

Benefits offered by this job

Medical, dental, and vision

401(k)

Equity eligibility

Hybrid work model

Job summary

Allocate is building the operating system for private markets, empowering wealth advisors and their clients to access, transact in, and manage private market investments. The Fund Operations Analyst will run the daily execution engine behind 150+ funds, handling capital calls, wires, transfers, and expense reconciliation, with a focus on accuracy, timeliness, and client experience.

You will own core fund lifecycle operations, from capital calls to reconciliations, and report to the Head of

Qualifications

• 1–3 years in fund operations, fund administration, treasury, audit, or related finance function.
• Understanding private fund mechanics like capital calls, distributions, and investor reporting.
• Strong reconciliation and deadline discipline.

Responsibilities

• Prepare capital call notices across the fund portfolio and route for review and approval.
• Set up wires and transfers across banking platforms for capital calls and distributions.
• Reconcile daily partner activity and support quarterly cash queries.
• Own fund expense reconciliation and accruals with clean supporting documentation.
• Prepare credit facility drawdowns and track repayments and quarterly reporting.
• Maintain core operational trackers for investment activity, capital calls, and investor records.
• Collaborate with Product and Engineering to automate workflows and reduce manual checks.

Skills

Fund operations

Reconciliation

Automation

Stakeholder communication

Job description

Allocate is building the operating system for private markets, empowering wealth advisors and their clients to access, transact in, and manage private market investments. The Fund Operations Analyst will run the daily execution engine behind 150+ funds, handling capital calls, wires, transfers, and expense reconciliation, with a focus on accuracy, timeliness, and client experience.

You will own core fund lifecycle operations, from capital calls to reconciliations, and report to the Head of