Hedge Fund Accounting & Administration, Senior Associate

Who we are looking for

We are looking for bright, enthusiastic and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by well-developed procedures and controls. We offer you a challenging career in a rapidly expanding international company with a professional, yet casual, work environment.

Why this role is important to us

The team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Hedge Fund Accounting Supervisor you will

• Assist and train team members to calculate and validate a weekly and/or monthly Net Asset Value (NAV) for their assigned funds

• Review cash reconciliations daily (no unresolved discrepancies)

• Review portfolio position reconciliations daily (including equities, bonds, swaps, options, fund of funds, foreign exchange, futures and other evolving derivative instruments)

• Analyze and validate traders' profit and loss statement daily

• Review and ensure all positions are priced correctly daily

• Review of accounting transactions for accuracy

• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations

• Ensure all daily client reporting deadlines are met by your team

• Ensure weekly / monthly end Dealing Date NAV deadlines are achieved by your team

• Review of the weekly / month end NAV pack before presentation to NAV Officer / Manager

• Lead/assist with financial statement preparation (monthly and annually)

• Lead/assist with working paper preparation and enquiries related to the annual audit

• Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)

• Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details

• Ensure appropriate allocation and sharing of work within team

• Develop communication within the team on a day to day basis

What we value

These skills will help you succeed in this role

• Excellent communication and interpersonal skills

• Confident and decisive

• Ambitious and energetic

• Strong work ethic - flexible and adaptable

• Can-do attitude with high energy

• Self-motivated with a passion for learning and growth

Education & Preferred Qualifications

• Must have a minimum of 2 years of experience at the management level in a hedge fund administration environment

• Must have a minimum of 3 years experience in a hedge fund administration environment or other related financial services experience.

• Bachelors degree in Accounting, Finance or other business related area

• Accounting experience a plus

• Demonstrated ability to supervise a team