Operations Analyst – Alternatives (Hybrid) for Fund Oversight in Leeds

Leeds – 3 days office

Permanent: 37.5 hour per week

Full time (we welcome flexible working discussions)

An opportunity to make a difference

At Border to Coast our purpose is to make a difference and we’re looking for two Operations Analysts – Alternatives to join our award-winning team.

As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.

As an Operations Analyst – Alternatives you will be supporting Border to Coast with the oversight and governance of our third‑party service providers. You’ll be responsible for daily activities to ensure the oversight and governance of fund performance and ensure accuracy of Custodians performance, attribution and reporting. As these roles sit within the Alternatives area of our Operations function you will need an understanding of GP/LP structures, Capital Calls, Distributions and how to recognise LP Valuations.

The role – what you’ll be doing

• Organise / assist in the co‑ordination of back/middle office projects.
• Daily performance activities to ensure oversight and governance of fund performance and ensuring accuracy of Custodians and Administrators performance and reporting.
• Daily reconciliation of portfolio positions: identifying “breaks” and reacting to resolve accordingly.
• Corporate actions reconciliation, raising queries and making adjustments where necessary.
• Daily capital call and distribution monitoring to ensure accuracy and escalating accordingly.
• Review of valuations to ensure they accurately recorded in the Internal Book of Records.
• Oversight of fund performance and ensuring accuracy of custodian performance and reporting.
• Cash management of settled and forecast cash balances, raising queries and making adjustments where necessary.
• First line compliance reporting and monitoring.
• Assist Senior Operations Analyst with the provision of back‑office reporting as required.
• Production of MI for use at Investment Committee.
• Identify risks in own area of responsibility, recognise risks in all areas of the business and notify any such risks to your People Manager and the Operational Risk Manager.

About you – the value you’ll bring to our team

• Strong problem‑solving skills and be reactive while also proactively looking for improvements in their task load.
• Good knowledge of financial instruments required for the role.
• Some knowledge of financial information and management systems.
• High levels of integrity and trustworthiness.
• Effective IT skills required for the job role.
• Experience or knowledge of GP/LP structures, Capital Calls, Distributions and how to recognise LP Valuations.

Desirable

• Knowledge of pooled investment funds.
• Other corporate knowledge – health and safety, ICT systems, information management and data protection.

Benefits

• Vitality Health Insurance for all employees.
• Employee Assistance Programme.
• A generous holiday allowance of 30 days a year, plus bank holidays.
• Professional Development including the opportunity to gain fully funded qualifications (e.g. IMC).
• Critical Illness Cover.
• Pension scheme.
• Stunning Leeds city centre location only a short walk to the train station.
• Cycle to work scheme.
• Life Assurance of 6 times of salary.
• Sustainable travel plans.
• Range of discounts for Leeds gyms, shops and restaurants.
• Hybrid working.
• Onsite gym.