Job Description
About the role
In your role as Alternative Operations Analyst, you will make a meaningful and valued contribution from the outset.
This role will provide a great opportunity to oversee the end-to-end of USS’s £25bn+ Alternative Asset operational processes.
The team’s objective is to provide support for both existing assets and new deals, originated by the Private Markets Group (“PMG”).
You will be working closely with other operational support teams to onboard complex investment deals/structures and facilitate their integration in a controlled manner into USS’s operational environment.
The role will provide exposure to our end-to-end processes which support both existing and new alternative assets, working closely with the front office team and other support areas.
What you will be doing
As a trusted part of the Operation,s you will:
* Collaborate with Private Market deal teams and third-party providers to implement and manage new business operating models and service provisions.
* Manage asset setup, cash-flow coordination, and funding transactions for existing business mandates.
* Oversee daily cash and stock reconciliations, accounting/IBOR processes, and resolve related issues promptly.
* Prepare monthly cash distributions and assist with DC trading processes for portfolios.
* Report risk events within 24 hours and support the preparation of operating reports and committee presentations.
* Develop and maintain strong relationships with internal stakeholders and third-party service providers like Aztec and JPM.
* Continuously improve skills through training and actively seek development opportunities.
About you
We know that sometimes people can be put off applying for a job if they don't tick every box. If you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.
To be successful in the role, you will have:
* Relevant industry experience.
* Part-qualified in accounting is a plus, but not required.
* Experience in deal implementation, focusing on operational and finance aspects.
* Background in alternatives management or administration preferred.
* Knowledge of multiple private market asset classes (property, private equity, private credit).
* Proven track record of initiative and project delivery.
* Strong problem-solving skills and flexible, adaptable approach.
Why join us?
At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.
We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team.
Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!
How we will reward you
* Great starting salary
* Generous annual leave package
* Access to a high-quality pension scheme provided through Universities Superannuation Scheme
* Supportive people policies (including enhanced occupational sickness pay and family-friendly pay)
* Financial contributions towards your personal development to help you maintain your physical and mental well-being
* Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
* Learning and development opportunities to develop your skills, knowledge and talent
* Employee Volunteer Days to support the communities where you work and live
* Cycle to Work Scheme
Our culture and values
Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves.
Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:
* Integrity
* Collaboration
* Excellence
About us
Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families.
We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit https://www.uss.co.uk
USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent.
We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk.