Private Asset Operations Analyst

Thrivent; Minneapolis (MN); On-site; USD 90,000 - 121,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k

Pension

Paid time off

Volunteer time off

Parental leave

Well-being benefits

Job summary

Thrivent in Minneapolis, MN, United States, is seeking a Private Asset Operations Analyst to support private equity, private debt, and related portfolios with investment, operations, and accounting knowledge. You will provide portfolio and security-level reporting, transactional analysis, investment structure analysis, and regulatory reporting as part of the operations team.

Collaboration with internal and external counsel will be routine.

Qualifications

• Bachelor’s degree in finance, accounting or related degree.
• 0-3 years finance, accounting or investment operations experience.
• Familiarity with private capital markets and hands-on portfolio support.
• Ability and eagerness to work collaboratively in a team environment.
• Excellent communication, collaboration, and influence skills among all organizational levels.
• High level of organization and attention to detail.
• Intermediate skills in MS Office Suite.

Responsibilities

• Maintains internal private asset processes, including cash monitoring and movement, structure analysis, investment/derivatives system set-up and tracking, & reporting.
• Engages with Private Asset Operations Senior Analyst regarding transactional activity.
• Assists the process for NAIC SVO regulatory reporting/filing process for private debt.
• Assists in bringing industry best practices and internal requirements to administrative vendor and custodial relationships.
• Engages regularly with internal and external legal counsel regarding investment and fund legal issues.
• Ensures timely and accurate data entry across internal systems.
• Assists with annual audit and tax requests.
• 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

Familiarity with private capital

Team collaboration

Communication skills

Attention to detail

MS Office Suite

Prioritization

Stability under pressure

Leadership influence

Education

Bachelor’s degree in finance or accounting

Tools

MS Office Suite

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 Operations Analyst is a multi-discipline role which encompasses investment, operational 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 Operations Analyst displays an understanding of investment operations and is a contributor to daily operations. The position is responsible for providing a wide range of portfolio and security-level reporting, transactional analysis, investment structure analysis, and regulatory reporting as part of the operational support team.

Job Responsibilities and Duties

• Maintains internal private asset processes, including cash monitoring and movement, structure analysis, investment/derivatives system set-up and tracking, & reporting.
• Engages with Private Asset Operations Senior Analyst regarding transactional activity.
• Assists the process for NAIC SVO regulatory reporting/filing process for private debt.
• Assists in bringing industry best practices and internal requirements to administrative vendor and custodial relationships.
• Engages regularly with internal and external legal counsel regarding investment and fund legal issues.
• Ensures timely and accurate data entry across internal systems.
• Assists with annual audit and tax requests.
• 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 degree.
• 0-3 years finance, accounting or investment operations experience.
• Familiarity with private capital markets and hands-on portfolio support.
• Ability and eagerness to work collaboratively in a team environment.
• Excellent communication, collaboration, and influence skills among all organizational levels.
• High level of organization and attention to detail.
• Intermediate skills in MS Office Suite.

Preferred:

• Understanding of private asset structures, such as limited partnerships and closed-end funds.
• Familiarity with private asset treasury function and related processes.
• Ability to learn quickly the relevant systems, fund administration/custody functional roles.
• Ability to prioritize work against enterprise, division, and product strategies; can effectively communicate rationale and impact for prioritization choices.
• Demonstrated skills to coordinate work with and motivate stakeholders.

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 $89,691.00 - $121,346.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.

• various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.

Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to [e-mail] or call800-847-4836and request Human Resources.