• Job Tag: #LI-MW1
• Posted: April 30,2026
• Salary: $110,000

SkyWater Search Partners is excited to be partnering with a leading alternative investment firm specializing in residential real estate and credit to identify an Operations Associate to join their growing team in the Twin Cities.

This firm is one of the most vertically integrated platforms in the residential credit space – originating mortgages, acquiring distressed and re-performing loan portfolios, managing residential rental properties, and running private equity funds and separately managed accounts across the full ecosystem. With assets under management that have scaled from $17 billion to $60 billion over the past several years, this is a firm that is still building and investing in the infrastructure and people needed to support that growth. The operations team this role sits on was recently carved out as its own dedicated function – a direct reflection of how seriously leadership is approaching operational excellence at scale.

This is a compelling opportunity for a candidate with an investment operations or fund accounting background who wants to be close to the deal, work with real data, and grow with a platform that is not slowing down.

The Opportunity

As an Operations Associate, you will sit at the center of the firm’s residential credit platform, supporting the full operational lifecycle of every deal they close. Reporting to the VP of Operations, you will manage and assist with the monthly remittance process, monthly financing administration across multiple investment banks, new mortgage pool closings, and new financing line setups including repurchase agreements and securitizations. You will work directly alongside fund controllers and the trustee/paying agent, and will have a hands-on role building and improving the processes that underpin the platform.
 

Key Responsibilities
 

• Prepare and reconcile remittance information across residential credit funds and separately managed accounts, including monthly cash tie-outs and data validations
• Support interim servicing reconciliation and liaise with IT and data teams to automate and enhance existing processes
• Serve as settlement contact on all deal closings, including mortgage pool closings, repurchase agreements, securitizations, EBO repoolings, and wire setup
• Complete all new account setups, including know-your-client requests and document management
• Conduct monthly financing rolls across whole loans, securities, and swaps, and load all information into the internal SQL database
• Provide fund administrators and fund accounting teams with supporting schedules for trial balance tie-outs
• Support Selene remittance and investor reporting through data enhancement and automation initiatives

Qualifications

• Bachelor’s degree in accounting, finance, or equivalent business experience
• 3 to 5 years of experience in investment operations, fund accounting, or a related field
• Strong preference for candidates with residential mortgage loan or REO accounting and operations experience
• SQL knowledge preferred; must be comfortable working directly with large, complex datasets
• Advanced proficiency in Microsoft Excel
• Strong attention to detail, organizational skills, and written and verbal communication
• Self-starter who can operate independently in a fast-paced, entrepreneurial environment
• CPA, CMA designation, or MBA is a plus