Business Analyst, Associate (BLR)

Overview

Alchelyst is a client solutions and infrastructure partner for private markets asset managers. Purpose-built for the expanding demands and sophistication of global private markets, the firm offers a comprehensive managed service offering that can support GPs, private wealth funds and investors. Alchelyst has offices in the US, Ireland, UK, Luxembourg and India.

We are seeking an Associate with expertise in Fund Administration and Asset Servicing to work closely with product and engineering teams. The role involves translating complex business requirements into scalable technology solutions supporting NAV calculation, accounting, transfer agency, investor reporting, and regulatory compliance across global funds.

Key Responsibilities

Business & Domain Analysis

• Elicit, analyze, and document business requirements from stakeholders and clients across fund administration domains: Fund Accounting (NAV, pricing, accruals, corporate actions), Transfer Agency (subscriptions/redemptions, investor registry), Custody & Middle Office operations, fee calculations and expense allocations, and regulatory/investor reporting (AIFMD, FATCA, CRS, etc.).
• Translate regulatory and operational changes into clear functional specifications.
  
  

• Collaborate with business and engineering teams to design technology-enabled solutions.
• Create and maintain BRDs, FSDs, user stories, acceptance criteria, process flows, and data models.
• Support configuration and implementation of fund administration platforms (off-the-shelf or custom-built).
  
  

• Act as a bridge between operations, product, technology, and clients.
• Lead requirement workshops, solution walkthroughs, and UAT sessions.
• Support client onboarding, data migration, and product rollouts.
• Provide functional support during production issues and post-go-live stabilization.
  
  

• Work within Agile/Scrum delivery models.
• Prioritize backlog items with Product Owners.
• Ensure traceability across requirements, development, and testing.
• Contribute to continuous improvement of BA practices and documentation standards.
  
  

• Bachelor’s Degree required in related field (Finance, Accounting or Technology) from an accredited institution; MBA preferred.
• 4–6 years of prior experience in a product-based fintech or fund administration technology firm
• Hands-on experience in Fund Administration, Asset Management, or Asset Servicing
• Strong understanding of fund structures (Mutual Funds, Hedge Funds, Private Equity, Real Estate), lifecycle events (subscriptions, redemptions, distributions), and NAV validation and exception management.
• Familiarity with global market practices across US, EMEA, and APAC funds and knowledge of regulatory frameworks (SEC, ESMA, SEBI).
• Experience with fund accounting systems and data-centric platforms.
• Strong data analysis skills (SQL, reconciliation, reporting concepts).
• Experience integrating systems via APIs, files, or messaging.
• Exposure to cloud-based platforms and AI/automation initiatives in fund operations is a plus.
• Strong planning, organizational, and business strategy capabilities.
• Experience with Agile/Scrum, JIRA, Confluence, and UAT planning/execution.