Private Asset Fund Operations Senior Analyst

thrivent; Minneapolis (MN); On-site; USD 104,000 - 140,000; Full time

Job summary

Thrivent in Minneapolis, MN is seeking a Private Asset Fund Operations Senior Analyst to support accounting, valuation, reporting and cash monitoring for private asset portfolios. The role requires 3-7 years in finance and accounting, strong collaboration and analytical skills, and a solid understanding of GAAP and private fund processes.

You will work on-site, collaborate with internal teams and external partners, assist with audits and tax preparations, and contribute to process improvements

Qualifications

• Required: Bachelor's degree in finance, accounting or related discipline.
• Required: 3-7 years finance and accounting experience.
• Required: Ability and eagerness to work collaboratively in a team environment.
• Required: High level of organization and attention to detail.
• Required: Passion for and understanding of new technology and trends.
• Required: Excellent communication, collaboration, and influence skills among all organizational levels.
• Preferred: MBA, CFA or CPA designation.
• Preferred: Experience with private fund audits and private fund financial reporting processes.
• Preferred: Experience working with leading private asset systems or fund administration/custody functions.
• Preferred: Proven success in executing on end-to-end private asset processes.
• Preferred: Ability to prioritize work against enterprise, division, and product strategies; can effectively communicate rationale and impact for prioritization choices.
• Preferred: Expert in defining high-quality business requirements.
• Preferred: Strong leadership skills to coordinate work and motivate internal & external stakeholders.
• Preferred: Advanced skills in MS Office Suite.

Responsibilities

• Maintains internal private asset fund operations for Thrivent's private asset portfolios (functions include accounting, valuations, management reporting, performance, ownership structure analysis, distributions, cash monitoring).
• Assists with annual GAAP audits and tax preparation.
• Engages in bringing industry best practices and internal requirements to vendor and professional service relationships that handle the following functions - Fund Administration, External Audits, Tax Management, Portfolio Monitoring, Custodial Banking and Accounting Software.
• Engages frequently with internal and external legal counsel regarding investment and fund legal issues.
• Provides analysis to internal senior stakeholders for investment performance, surplus management, statutory financial reporting, and assists with Portfolio Manager and legal requested analysis.
• Consultation, analysis and inform on private asset issues with the Private Asset Fund Operations Consultant & Manager.
• Assists with strategic initiatives supporting Thrivent's Private Equity portfolio.
• Provides analysis on external sub-advised private equity managers and reports financial and surplus impact to senior investment division leadership.
• Models Thrivent's leadership competencies - courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.
• Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients.
• Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent's trust and reputation remain strong with its clients.

Skills

Collaboration

Attention to detail

Communication skills

Organizational skills

Tech savvy

Education

Bachelor's degree in finance, accounting or related discipline

MBA

CFA

CPA

Job description

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they've been given.

At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today-and tomorrow.

Job Summary

The Private Asset Fund Operations Senior Analyst is a multi-discipline role which encompasses investment and accounting knowledge in support of Thrivent's Private Equity, Private Equity Real Estate, Private Debt, Private High Yield, and Private Asset Backed portfolios. The Private Asset Fund Operations Senior Analyst displays an understanding of private asset fund operations and is an experienced contributor to daily private asset fund operations (accounting, reporting, valuations, cash monitoring). The position is responsible for providing a wide range of portfolio and security-level investment reporting, analysis, valuation, and accounting as part of the private asset operational support team. This role engages in analysis for surplus management, statutory financial reporting, and assists with portfolio management analytical requests.

Job Responsibilities and Duties

• Maintains internal private asset fund operations for Thrivent's private asset portfolios (functions include accounting, valuations, management reporting, performance, ownership structure analysis, distributions, cash monitoring).
• Assists with annual GAAP audits and tax preparation.
• Engages in bringing industry best practices and internal requirements to vendor and professional service relationships that handle the following functions - Fund Administration, External Audits, Tax Management, Portfolio Monitoring, Custodial Banking and Accounting Software.
• Engages frequently with internal and external legal counsel regarding investment and fund legal issues.
• Provides analysis to internal senior stakeholders for investment performance, surplus management, statutory financial reporting, and assists with Portfolio Manager and legal requested analysis.
• Consultation, analysis and inform on private asset issues with the Private Asset Fund Operations Consultant & Manager.
• Assists with strategic initiatives supporting Thrivent's Private Equity portfolio.
• Provides analysis on external sub-advised private equity managers and reports financial and surplus impact to senior investment division leadership.
• Models Thrivent's leadership competencies - courage, collaboration, and commitment by demonstrating resiliency, working together to make the best decisions, and holding yourself and others accountable.
• Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients.
• Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent's trust and reputation remain strong with its clients.

Job Qualifications

• Required: Bachelor's degree in finance, accounting or related discipline.
• Required: 3-7 years finance and accounting experience.
• Required: Ability and eagerness to work collaboratively in a team environment.
• Required: High level of organization and attention to detail.
• Required: Passion for and understanding of new technology and trends.
• Required: Excellent communication, collaboration, and influence skills among all organizational levels.

• Preferred: Attainment of MBA, CFA or CPA designation.
• Preferred: Experience with private fund audits and private fund financial reporting processes.
• Preferred: Experience working with leading private asset systems or fund administration/custody functions.
• Preferred: Proven success in executing on end-to-end private asset processes.
• Preferred: Ability to prioritize work against enterprise, division, and product strategies; can effectively communicate rationale and impact for prioritization choices.
• Preferred: Expert in defining high-quality business requirements.
• Preferred: Strong leadership skills to coordinate work and motivate internal & external stakeholders.
• Preferred: Advanced skills in MS Office Suite.

Additional Information

This position requires you to work on-site in Minneapolis, MN a minimum of three days a week.

Pay Transparency

Thrivent's long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is 103,828.00 - 140,472.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but n