Unlock Your Potential: The Alter Domus Internship Program
Alter Domus, a world-leading provider of integrated solutions for the alternative investment industry, offers a dynamic internship program designed to provide aspiring professionals with invaluable experience in the world of alternative investments. With a commitment to developing its people and fostering an inclusive environment, Alter Domus provides interns with the opportunity to learn from industry experts, contribute to meaningful projects, and build a strong foundation for a successful career. This article delves into the various facets of the Alter Domus internship program, highlighting its unique features, benefits, and the opportunities it provides for personal and professional growth.
About Alter Domus
Alter Domus, meaning "The Other House" in Latin, stands as a prominent figure in the alternative investment industry. Proudly serving 90% of the top 30 asset managers in the private markets, the company boasts a global presence with over 6,000 professionals spread across 24 jurisdictions. Alter Domus distinguishes itself through a deep understanding of the alternative investment landscape and a commitment to innovation in its operations, work culture, and employee development. The company encourages individuals to invest in the alternative and offers a supportive environment where merit is rewarded, open communication is valued, and career aspirations are nurtured.
A Comprehensive Internship Experience
The Alter Domus internship program is structured to provide interns with a well-rounded experience, exposing them to various aspects of the alternative investment industry. Interns are actively involved in day-to-day operations, working closely with experienced professionals and gaining hands-on experience in fund administration, accounting, and tax.
Key Responsibilities and Learning Opportunities
Interns at Alter Domus can expect to be involved in a variety of tasks, including:
- Day-to-day operations of funds: Interns will gain practical experience in managing the operational aspects of funds, ensuring smooth and efficient processes.
- Communication with third parties: This involves liaising with investors and fund managers, fostering effective communication and collaboration.
- Onboarding and training: A dynamic and interactive program is designed to quickly and effectively equip new joiners with the industry skills and contexts needed.
- Fund setup: Interns may participate in the establishment of funds, contributing to complex international real estate, private equity, fund of funds, or debt structures as part of restructuring plans, mergers, and acquisitions.
- Net Asset Value (NAV) calculation and financial statements: Preparing periodic NAV calculations and year-end financial statements, managing audits, and reviewing fund-related reports.
- Tax compliance: Preparing tax returns and balances, and maintaining contacts with tax authorities.
Fund Accounting Internships
The Fund Accounting business units at Alter Domus serve as intermediaries between fund managers and investors, verifying and distributing assets tied to investments. Interns in this area gain a comprehensive introduction to alternative investing, working closely with clients and learning about the specific demands and nuances of different funds.
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Specific internship opportunities within Fund Accounting include:
- Real Estate (Carmel, Chicago, Salt Lake City): This involves property accounting alongside funds accounting, providing knowledge of Real Estate Investing and the Real Estate market.
- Credit (Boston, Carmel, Chicago): Primarily working with bank/syndicated loans and hedge funds.
- Private Equity (Chicago, Ogden, Salt Lake City): This focuses on Private Equity.
Spring Internship: Funds US Tax
The Spring Internship in Funds US Tax, based in Ogden, Utah, offers a unique opportunity to work with a diverse range of clients and contribute to a dynamic and collaborative team. The tax team provides services such as tax preparation, tax review, FATCA/CRS reporting, and 1099 preparation.
What Alter Domus Offers
Alter Domus is committed to supporting the development and career advancement of its employees, including interns. The company provides a range of benefits and opportunities to ensure a rewarding and fulfilling experience.
Mentoring and Career Progression
Continuous mentoring is provided throughout an individual's career progression, offering guidance and support to help interns navigate their professional journey.
Social and Community Engagement
Active sports, events, and social committees across Alter Domus offices provide opportunities for networking, team building, and community involvement.
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Employee Assistance Program
24/7 support is available through the Employee Assistance Program, ensuring that employees have access to resources and assistance when needed.
Employee Share Plan
The opportunity to invest in the company's growth and success through the Employee Share Plan aligns employee interests with the company's long-term goals.
Equity and Inclusion
Alter Domus emphasizes equity in every sense of the word, taking action to ensure equal opportunity for every colleague. The company values every voice and experience, maintaining an inclusive culture where individuals can bring their whole selves to work and feel a sense of belonging. Alter Domus celebrates differences and recognizes that its success relies on diverse perspectives and experiences.
ADvance Program
New Graduates are hired as full-time permanent employees and participate in the ADvance Program during their first 10 weeks. This program is specifically designed for new graduates and focuses on growing both technical and professional skills. It includes core training modules, insights into different departments, tailored mentorship, networking opportunities, enhanced program support, and "Meet the Leader" sessions.
The Alter Domus Culture
Alter Domus fosters a unique culture characterized by collaboration, support, and a shared commitment to excellence. New joiners can expect a collaborative and supportive team culture that truly values everyone’s contributions. The environment is welcoming and inclusive, with colleagues eager to help and ensure that everyone feels comfortable.
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Onboarding and Training Programs
A smooth and informative introduction to Alter Domus is provided through the EXPERT program and Welcome Bootcamps, which are specially designed to rapidly turn new hires into fund services experts. The GROW program further develops advanced professional skills through digital learning, workshops, and meetings with managers.
Career Progression
From day one, employees see a clear path of progression and are supported to advance themselves onto the next stage of their career. The career path includes roles such as Trainee, Officer, Senior Officer, and Experienced Professional, with opportunities for continuous growth and development.
Shaping the Future of Corporate Services
Alter Domus is determined to define best practices for the future of corporate services, tailored for the alternative investment sector. Team members stay in tune with every innovative development in the field of corporate accounting, tax, legal services, and more. This commitment to innovation is how Alter Domus earns its industry-leading reputation and enhances the careers of its employees.
What Makes a Successful Team Member?
The culture at Alter Domus is unlike anywhere else. The company is proud of what it has built so far and continues to push its boundaries to ensure success in the future. The environment is powered by a unique set of values and one deliberate mission: to perform, together. By harnessing technology and the collective intelligence of its people, Alter Domus makes the investment management process run smoother, enabling transparent, data-led decision-making on a global scale.
Essential Skills and Qualifications
To thrive in the Alter Domus internship program, candidates should possess the following skills and qualifications:
- Educational Background: Studying towards an undergraduate degree (or above) in areas such as Finance, Accounting, Business, or Economics.
- Industry Interest: A genuine interest in the alternative investment industry.
- Communication and Collaboration Skills: Strong communication and collaboration skills, with an emphasis on teamwork and reliability.
- Organizational Skills and Initiative: Being organized and taking the initiative to solve problems and generate results.
- Language Proficiency: Fluency in English.
A Welcoming and Inclusive Environment
Alter Domus is committed to ensuring a welcoming recruiting and onboarding process for everyone. The company encourages individuals to contact the hiring team if they require any accommodations to make the recruitment process more accessible.
The Alter Domus Mission
Alter Domus aims to make the investment management process smoother by harnessing technology and the collective intelligence of its people. The company values every voice through employee engagement surveys, enables individual discussions with HR experts, offers an Employee Assistance Program, and delivers initiatives that celebrate diversity all year long.
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