Senior Analyst, Global Alternatives Operations

Russell Investments; Seattle (WA); On-site; USD 90,000 - 100,000; Full time

Job summary

Russell Investments in Seattle seeks a Senior Analyst, Global Alternatives Operations to independently support administration and oversight of private equity, private real estate, private debt, infrastructure and other alternative funds and accounts. The role covers capital calls, distributions, NAV support, performance and client reporting.

Responsibilities include improving processes, AML/KYC coordination, and collaboration with administrators, custodians and portfolio managers.

Qualifications

• Experience in fund accounting, valuations/NAVs, capital activity, cash management and expenses.
• Bachelor's degree in business-related discipline; certifications preferred.
• Investment management or financial services certification preferred.
• Knowledge of alternative investments (private equity/real estate/infrastructure).
• Ability to work independently, prioritize deadlines, and resolve complex problems.
• Strong written and verbal communication with internal/external partners.
• Proficient in Microsoft Office; comfortable with automation/AI for processes.
• Knowledge of GAAP/IFRS preferred.

Responsibilities

• Coordinate complex, time-sensitive fund operations across multiple funds and accounts.
• Provide guidance and daily support to less-tenured team members without people management duties.
• Research and resolve complex operational issues, documenting decisions and risks.
• Maintain procedures and contribute to automation and change initiatives.
• Monitor fund valuations and interact with administrators to resolve questions.
• Support data collection and reporting for private markets portfolios and distribution calculations.
• Act as liaison with investment teams, administrators, custodians and clients.
• Coordinate FATCA/CRS and audit-confirmation activities; support audits and reporting.
• Coordinate new commitments and AML/KYC materials; ensure setup in systems.
• Track cash calls, distributions, subscriptions and redemptions; monitor expenses.

Skills

Fund accounting

NAV/Valuation

Cash management

Operational controls

Communication

Education

Bachelor's degree in business

Investment/financial services certification preferred

Tools

Microsoft Office

Portfolio management software

AML/KYC systems

Job description

Salary Range:

$90,000 USD - $100,000 USD Specific compensation will be based on candidate's experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Job Description:

Role Summary

The Senior Analyst, Global Alternatives Operations is responsible for independently supporting the administration and operational oversight of private equity, private real estate, private debt, infrastructure and other alternative investment funds and accounts. The role handles complex and time-sensitive fund activities, applies sound judgment to resolve operational issues, and serves as an experienced resource to team members and stakeholders. Specific duties include capital call and distribution processing, cash monitoring, valuation and NAV support, performance and client reporting, audit and tax support, investment implementation, AML/KYC coordination, systems support, and oversight of fund accounting, expense and valuation processes with administrators and custodians. The Senior Analyst also supports process improvements, documentation and team knowledge-sharing, escalating material risks or exceptions as appropriate.

Your Core Responsibilities:

FUND OPERATIONS & TEAM SUPPORT

• Independently coordinate complex, technical and time-sensitive deliverables across supported alternative funds and separate accounts.
• Act as an experienced resource for day-to-day fund operations, providing guidance and daily support to less-tenured team members without formal people-management responsibility.
• Apply sound judgment to research and resolve complex operational issues; clearly articulate decisions, risks and recommended actions, and elevate exceptions when needed.
• Maintain current procedures and contribute to process enhancements, automation and other change initiatives.

FUND VALUATION & ACCOUNTING

• Monitor the integrity of fund and separate-account valuations across systems, including expense and fee accruals.
• Review estimate and final NAVs and supporting fund-accounting deliverables; interact regularly with fund administrators and underlying fund administrators to resolve questions and exceptions.
• Support valuation data collection and reporting for private markets portfolios and assist with distribution and performance-fee calculations where applicable.

CLIENT & STAKEHOLDER SERVICE

• Act as a primary day-to-day operations liaison with investment teams, administrators, custodians, client-facing teams, Legal and other internal partners.
• Build effective working relationships with internal and external stakeholders and respond to inquiries with professionalism, accuracy and urgency.
• Coordinate handoffs and ensure issues requiring policy interpretation, client advice, or deviation from agreed procedures are escalated appropriately.

REPORTING, AUDIT, TAX & REGULATORY SUPPORT

• Prepare, review and coordinate technical internal and external reports and support ad-hoc reporting requests.
• Coordinate collection, tracking and distribution of investor tax and foreign-reporting information; support FATCA, Common Reporting Standard and audit-confirmation activities.
• Assist with fund audits, auditor queries, financial-statement support and applicable regulatory or board reporting.

INVESTMENT IMPLEMENTATION

• Coordinate new and follow-on commitments and other investment activity with portfolio managers, underlying managers and service providers.
• Prepare and coordinate subscription and related documentation, gather and submit AML/KYC materials, and ensure complete and accurate setup in portfolio-management and reporting systems.
• Identify documentation or setup issues and drive them to resolution with appropriate stakeholders.

CASH MONITORING & EXPENSE OVERSIGHT

• Coordinate capital calls, distributions, subscriptions and redemptions at client and underlying-fund levels.
• Prepare and/or review wire instructions, cash projections, reconciliations and unfunded-commitment data; support transaction approvals consistent with delegated authority.
• Monitor fund expenses and invoice processing and ensure transactions are accurately reflected in relevant systems.

Your Expertise:

• 3-5 years of experience with fund accounting, valuations/NAVs, capital activity, cash management, fund expenses and operational controls.
• Bachelor's degree in a business-related discipline or equivalent relevant experience required.
• Relevant investment management, accounting or financial-services certification preferred.
• In-depth knowledge of alternative investment operations, preferably including private equity, private debt, private real estate and/or infrastructure.
• Ability to work independently, prioritize competing deadlines, exercise good judgment and resolve complex problems.
• Strong written and verbal communication skills and experience working with internal clients, external managers, administrators and custodians.
• Strong proficiency with Microsoft Office and aptitude for using technology, automation and/or AI to improve business processing.
• Demonstrates in-depth knowledge of industry methods and techniques and an experienced understanding of the specialized discipline.
• Experience with fund formation/governing documents, AML/KYC, AIFM, FATCA/CRS and/or relevant EU/UK/US securities regulation preferred.
• Working knowledge of GAAP and/or IFRS preferred.

This role is not eligible for employment-based immigration sponsorship. Applicants must be legally authorized to work in the United States without employer sponsorship, now or in the future.

Equal Employment Opportunity

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.