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Hedge Fund Operations Associate Jobs in Missouri

UMB Financial

Alt Investments Ops Spec l

Kansas City, MO · On-site

$44K - $65K/yr

... funds, hedge funds, and fund of funds, as well as, mutual funds and collective trusts. As the ... UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) ...

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Hedge Fund Operations Associate information

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$24

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How much do hedge fund operations associate jobs pay per hour?

As of Aug 12, 2026, the average hourly pay for hedge fund operations associate in Missouri is $24.62, according to ZipRecruiter salary data. Most workers in this role earn between $16.68 and $28.41 per hour, depending on experience, location, and employer.

What does a hedge fund operations associate do?

A Hedge Fund Operations Associate is responsible for supporting the daily operational activities of a hedge fund. This includes trade settlement, reconciliation of accounts, managing fund cash flows, and ensuring accurate record-keeping of portfolio transactions. They also work closely with portfolio managers, traders, and external service providers to resolve discrepancies and facilitate smooth fund operations. Their role is crucial to maintaining compliance, minimizing risk, and ensuring the fund's financial accuracy.

What is the difference between Hedge Fund Operations Associate vs Hedge Fund Analyst?

AspectHedge Fund Operations AssociateHedge Fund Analyst
Primary FocusOperational tasks, trade processing, compliance, and fund administrationInvestment research, portfolio analysis, and strategy development
Required SkillsAttention to detail, operational knowledge, familiarity with trading systemsFinancial modeling, market analysis, strong analytical skills
CredentialsBachelor's degree, often certifications like CFA or CAIABachelor's or master's degree, CFA often preferred
Work EnvironmentSupportive, process-oriented, collaborativeResearch-driven, analytical, strategic

While both roles are integral to hedge fund operations, the Hedge Fund Operations Associate primarily handles operational and administrative tasks, ensuring smooth fund functioning. In contrast, the Hedge Fund Analyst focuses on investment analysis and strategy development. Understanding these differences helps candidates align their skills and career goals with the right role.

What are some common challenges faced by hedge fund operations associates, and how can they be managed effectively?

Hedge Fund Operations Associates often navigate highly detailed, fast-paced environments where accuracy and timeliness are crucial. Common challenges include reconciling complex trades across multiple systems, managing tight deadlines for reporting and settlements, and coordinating with both internal teams and external service providers. To manage these effectively, strong organizational skills, attention to detail, and proactive communication are essential. Many firms provide ongoing training and support, and collaboration with experienced colleagues can help new associates adapt and excel in the role.

What are the key skills and qualifications needed to thrive as a hedge fund operations associate, and why are they important?

To thrive as a Hedge Fund Operations Associate, you need strong analytical abilities, attention to detail, and a background in finance or accounting, often supported by a relevant bachelor's degree. Familiarity with portfolio management systems, trade reconciliation software, and platforms like Bloomberg or Excel is typically required, with some roles valuing certifications such as the CFA. Strong organizational skills, problem-solving, and effective communication are key soft skills for managing complex transactions and collaborating with internal and external stakeholders. These skills and qualities are vital for ensuring accurate trade processing, risk mitigation, and smooth fund operations in a high-stakes financial environment.
What are the most commonly searched types of Hedge Fund Operations jobs in Missouri? The most popular types of Hedge Fund Operations jobs in Missouri are:
What cities in Missouri are hiring for Hedge Fund Operations Associate jobs? Cities in Missouri with the most Hedge Fund Operations Associate job openings:
Hedge Fund Operations Associate jobs near you

Alternative Investment Reporting Associate

Focus Partners Wealth

Saint Louis, MO • On-site

$65K - $70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 5 days ago

Job description

Alternative Investment Reporting Associate

The Alternative Investment Reporting Associate performs a series of processes to ensure data accuracy across multiple systems. This role is critical to the firm's client reporting, billing, and management-level reporting ecosystem and requires an individual who is organized, detail-oriented, solution-oriented, and reliable.

Job Responsibilities

  • Process and maintain alternative investment data across the firm's reporting ecosystem, including account statements, capital call notices, distribution notices, and tax documents (K-1s and tax estimates).
  • Download, organize, and archive fund documents in the firm's document management system, and load documents into the firm's alternative investment data platform for extraction and processing.
  • Update market values, capital activity, and transaction data in the firm's portfolio reporting system, ensuring information is accurate and current for client reporting, billing, and management-level reporting.
  • Prepare capital call funding spreadsheets, obtain current cash figures, and coordinate with internal teams to support timely funding of capital calls.
  • Track and update document receipt dates and processing status, ensuring deadlines are met and records remain current.
  • Perform daily reconciliations and monitor delinked or unlinked accounts, investigating and resolving discrepancies.
  • Conduct performance audits following data updates and system syncs, checking for typos, missing information, and incorrect data, and correcting issues as identified.
  • Distribute K-1s, tax estimates, and other fund communications to advisors, client service associates, and the tax team.
  • Support recurring reporting cycles, including weekly/bi-weekly margin processes, aggregation status reports, and new and closed account/group review reports.
  • Provide quarter-end reporting support, including preparation, report generation, report posting, and issue correction.
  • Respond to internal service requests, including copies of statements, capital call notices, and distribution notices, with timely and accurate follow-up.
  • Communicate with fund managers, fund administrators, and custodians to obtain missing statements and notices, verifying that documents received reconcile to expected account sets.
  • Monitor internal task queues and workflow systems for alternative investment update requests.
  • Identify operational process improvements and contribute to productivity and efficiency initiatives that drive exceptional client service and risk mitigation.
  • Assist with recurring audits, reporting, and projects as needed.

Qualifications

  • Required: 1-3 years of experience in financial services, wealth management, or investment operations.
  • Bachelor's degree in finance, accounting, business administration, or a related field (or equivalent work experience).
  • Familiarity with alternative investments (e.g., private equity funds, private real estate funds, and hedge funds) and related documents such as capital call notices, distribution notices, and K-1s preferred.
  • Experience with portfolio management, performance reporting, or alternative investment data platforms is a plus.
  • Proficiency in Microsoft Excel and ability to learn new applications quickly.
  • High attention to detail and strong organizational skills.
  • Ability to work in a fast-paced environment while managing recurring deadlines and multiple concurrent processes.
  • Ability to work independently and take initiative while also being a team player.
  • Solution-oriented mindset with excellent problem-solving and troubleshooting skills.
  • Reliability and consistency in executing recurring daily, weekly, and quarterly processes.
  • Excellent written and verbal communication skills, with the ability to interact professionally with advisors, internal teams, fund managers, and fund administrators.
  • Adaptability and ability to learn new concepts and systems quickly.
  • Ability to collaborate with teammates to accomplish daily deliverables.

This position is a non-exempt position. The annualized base pay range for this role is expected to be between $65,000-$70,000 base salary compensation range. Actual base pay may vary based on factors including, but not limited to, experience, subject matter expertise, geographic location where work will be performed, and the applicant's skill set. The base pay is just one component of the total compensation package. Other rewards may include an annual cash bonus and a comprehensive benefits package, including but not limited to medical, dental, vision, life insurance, and 401(k). Please note that the job title is subject to change based on the selected candidate's experience and education.

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