Adams Street Partners ("Adams Street") is a global private markets investment manager that has $61 billion in assets under management. The firm is 100% employee-owned, which fosters a positive and unique culture of collaboration, intellectual rigor, integrity, and a commitment to professional development. For the seventh year in a row, Adams Street was named one of Pension & Investments' Best Places to Work in Money Management in 2024.
Employees operate as a single global team, integrating the expertise of the firm's investment professionals across five strategies: primary investments, secondary investments, growth equity, private credit, and co-investments. Adams Street is considered a private markets pioneer and was inducted into the Private Equity Hall of Fame in 2000.
The firm was founded more than 50 years ago, and clients include leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.
Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Munich, Menlo Park, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.
Overview: As a member of the PE Operations Team, the Transaction Operations Associate will play a critical role in providing operational support for Adams Street's fund investment transactions, cash reconciliations, reporting and internal controls procedures.
Responsibilities include, but are not limited to:
- Provide operational support for fund investment entities and separate account clients
- Process transactions for fund investments, capital calls, and distributions to clients
- Instruct, monitor, and settle cash wire and FX transactions through our treasury management system
- Interact with custodian banks, administrators, investment fund contacts to prevent and resolve operational issues
- Reconcile investment fund cash activity on a daily basis
- Work closely with Investment Accounting team to resolve monthly cash reconciliation breaks
- Respond to requests for information from both internal and external sources
- Comply with all internal controls, security measures, and policies
- Contribute to process improvements, proprietary application development, testing, and rollout
- Develop "big-picture" knowledge of the private equity industry and Adams Street investment strategies
Qualifications: Education and Work Experience:
- Undergraduate degree required
- 1-4 years of work experience, in a high-volume client service environment required, experience in financial services preferred
- Experience working in a fast-paced environment and managing time well across many tasks
Communication:
- Strong communication skills required: ability to communicate internally and externally with many levels of contacts
- Ability to write accurate, clear, concise, and professional messages
Work Style:
- Strong sense of ownership and the ability to work autonomously, escalating issues to manager when appropriate
- Team player that is eager to learn, work with others, and eager to volunteer for various assignments
- Detail-oriented, process-minded, and precise
- Proactive approach to problem-solving and solution oriented: takes initiative, identifies inefficiencies, and brings fresh ideas to drive process improvements and automation
- Thrives in a fast-paced, dynamic environment and can prioritize workflow throughout the day managing changing deadlines
Technical Skills:
- Advanced knowledge of Excel; VBA/programming knowledge is a plus
- Experience utilizing proprietary software programs, database systems, and online banking portals
- Experience with treasury management systems and wire processes is desired
Illinois Pay Transparency
$85,000-$110,000 USD
