Operations & Finance Internship

Job Description

About Company

Ascent Capital Partners is a multi-family office and investment firm. Their core mission is dedicated to serving ultra-high-net-worth families, providing them with precision, strategy, and excellence in investment management.

Job Description

This is for an Operations & Finance Internship, offered as Part-Time Employment and is Paid.

• Job Title: Operations & Finance Internship
• Location: DFW, TX (Hybrid)
• Employment Type: Part-Time Paid Internship
• Compensation: $18/hour

Summary of the Role:
Ascent Capital Partners is seeking a detail-oriented and highly motivated Operations & Finance Intern to support their operations and finance team. This internship provides extensive hands-on exposure to the internal workings of investment management, fund administration, and broader financial operations. It is specifically highlighted as an excellent opportunity for students looking to gain real-world experience in finance, operations, and private markets within a fast-paced investment environment.

Key Responsibilities (May Include):

1. Invoice & Payment Management:
• Tracking, organizing, and managing invoices from various vendors, service providers, and partners.
• Maintaining and updating payment schedules to ensure accuracy and timely disbursements.
• Collaborating with leadership to prepare weekly and monthly payment runs.
2. Fund Administration & Transactions:
• Working in collaboration with the external fund administrator to reconcile transactions, capital calls, and distributions.
• Reviewing and categorizing fund transactions to ensure accuracy across all accounts.
• Monitoring incoming and outgoing wires, investment flows, and expense allocations.
3. Financial Reporting & Record-Keeping:
• Ensuring the timely and accurate entry of transactions into relevant financial systems.
• Assisting in the preparation of internal financial reports for management review.
• Providing support for ongoing audits, compliance requests, and necessary reconciliations.
4. Management Support:
• Regularly meeting with leadership to review upcoming invoices, bills, and other financial obligations.
• Providing summaries and recommendations regarding payment priorities.
• Supporting various ad hoc projects across operations, finance, and compliance functions.

Qualifications:

• Education: Must be a current undergraduate or graduate student, ideally pursuing a degree in Finance, Accounting, Economics, Business Administration, or a related field.
• Technical Skills: Strong proficiency in Microsoft Excel, including experience with pivot tables, formulas, and reconciliations. Familiarity with QuickBooks, fund administration platforms, or other financial software is a plus.
• Organizational Skills: Excellent organizational abilities with the capacity to manage multiple tasks concurrently.
• Analytical Skills: Strong analytical capabilities and meticulous attention to detail, with accuracy being paramount.
• Communication: Effective communication skills, with the ability to collaborate effectively across different teams.
• Professionalism: A high degree of professionalism, integrity, and discretion, especially when handling sensitive financial information.

What You’ll Gain:

• Hands-on Experience: Direct exposure to critical areas such as fund operations, financial reporting, and investment management.
• Mentorship: Close collaboration with senior leadership, offering valuable insights into the operational mechanics of a multi-family office.
• Professional Growth: An opportunity to develop practical skills in financial analysis, operational workflows, and fund administration.
• Career Development: Experience that is highly transferable and valuable for future careers in sectors like private equity, venture capital, investment banking, wealth management, and fund administration.
• Compensation: An hourly rate of $18/hour.

Overall Value Proposition:
This role is positioned as a comprehensive opportunity for individuals aiming to grow their careers in finance and operations, providing the necessary tools, experience, and mentorship to succeed in one of the financial industry’s most dynamic sectors.

Disclosures & Additional Information:

• This internship is specifically designed for professional development and hands-on experience in finance and operations. Interns will not be making investment decisions or providing financial advice.
• All work performed will be under the direct guidance and supervision of Ascent Capital Partners’ leadership and operations team.
• Ascent Capital Partners is an Equal Opportunity Employer, committed to diversity and creating an inclusive environment.
• Interns will be required to maintain strict confidentiality regarding all financial, operational, and client-related information.