Fund Accounting Account Manager at Stone Coast Fund Services

Portland, Maine, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Feb, 26

Salary

0.0

Posted On

11 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fund Accounting, NAV Calculation, Profit and Loss Allocation, Fund Expense Processing, Financial Reporting, Investor Relations, Mentoring, Training, Microsoft Office, Excel, Internal Control Procedures, Portfolio Accounting Systems, Information Security, Client Management, Vendor Management, Risk Management

Industry

Financial Services

Description

We’ve founded a company that values you: your time, your career, your talents and drive. We seek hard-working applicants ready to be trained for an exciting role in a fast-paced financial company. We offer remote work flexibility, competitive pay and benefits, rapid opportunity for promotion, and the chance to give back through fully paid community service days. We invest in our employees and our community, and our accelerated growth, dynamic company culture, and high retention rate speak for themselves. As always, we will train the right candidate for the role. Remote/Hybrid Work Flexibility This position offers hybrid remote work flexibility within Maine (minimum 2 in-office days per week). Fully remote work opportunities will be considered for residents of one of the following states: FL, GA, IN, IO, KY, ME, MI, MO, NH, NJ, NC, PA, RI, SC, TX, VA, WI. The Position As a member of the Fund Accounting team, this position is responsible for the following: * Record and reconcile all portfolio and fund activity for assigned clients * Calculate the fund’s NAV adhering to industry standards and internal procedures * Allocate profit and loss to investors including the calculation of management and performance fees * Process and record fund expense payments and ensure cash wire requests are completed accurately and timely * Generate and deliver fund and investor reports to fund managers and investors of assigned clients * Prepare and deliver supporting materials as necessary for board meetings, financial statements and audit and regulatory requests related to assigned clients * Communication with internal and external entities to ensure best in class service levels; build relationships of cooperation * Review fund’s net asset value (NAV), investor statements and other work prepared by accountants for completeness and accuracy measuring against industry standards and internal procedures * Mentor, train, and support fund accountants * Assure fund accounting tasks are completed accurately and timely Qualifications and Experience The ideal candidate has the following: * The ideal candidate will have three or more years of experience in fund accounting for hedge funds and will be comfortable and proficient acting as a primary liaison with fund managers and other fund service providers * Familiarity with the types of investments held by hedge funds a plus * Experience working with portfolio and investor accounting systems, in particular Advent Geneva World Investor a plus * Experience working in an environment with internal control procedures, operating procedures, workflows, control checklists, and other elements of an internal control system a plus * Experience with financial reporting, information security and client, vendor, and risk management a plus * Must be able to learn complicated concepts quickly * Proficiency with Microsoft Office is essential, advanced Excel (formulas, pivot tables, and filtering) are a must. Education Requirements * Four-year college degree preferably in Accounting, Finance, Business Management or Economics Application Requirements * Please be sure to include an updated copy of your resume with your application. Cover letters are read and considered, although they are not required. Interested? We seek high aptitude, intellectually curious candidates that enjoy working as part of a team, satisfying our clients and striving for the highest standards. The quality of our services derives solely from the quality of our people. Therefore, we seek smart, hard-working, ethical, and friendly professionals – from recent college graduates to fund administration veterans. Not sure if this role is the perfect fit? We encourage you to apply anyway. We know that everyone brings unique experiences and skills to the table, and you might be exactly who we are looking for. Take a chance, submit your application today! Inclusivity & Equal Opportunity Statement At Stone Coast, we strive to reflect the community of which we are so grateful to be a part and are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and colleagues without regard to race, religion, ethnicity, national origin, sex or orientation, gender or identity, disability, age, veteran status, and any other basis or status designated under applicable laws. If you don’t see an opening for which you are qualified, but do have relevant industry experience, please feel encouraged to apply to our General Application at the Career Center [https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=8022f318-7306-4009-9544-8d4ad76a724f&ccId=19000101_000001&type=MP⟨=en_US] at www.stone-coast.com [https://stone-coast.com/#/home] or find us on LinkedIn [https://www.linkedin.com/company/stone-coast-fund-services/]. Our growth compels us to continuously search for talent, and we may be contemplating a position that fits your experience. The Company Stone Coast Fund Services is an award-winning, steadily growing hedge fund administrator that’s found a better way in a better place. With a sole office in Portland, Maine, Stone Coast comprises over 200 hard-working and smart professionals who deliver administration services to over 100 hedge fund managers around the country with investors around the world. We hire carefully, treat people well, and are rewarded by low turnover in an industry where high turnover is the norm. The Mission Our mission, to “take pleasure in work done well, and in working well with others,” is an obligation to our clients, to their investors, to our communities and ultimately to our peers and ourselves. Fund administration, done well, requires carefully selecting smart, dedicated professionals and providing them with the resources, training and workplace culture that will engender their loyalty and bring out their best. To that end, we strive to develop and nurture relationships that are characterized by trust, respect, and affection. We look for colleagues – and clients – who will share and reciprocate these values. The Location Our location is central to our mission. Stone Coast is in the heart of Portland’s Old Port waterfront, a picture-perfect tourist destination that we’re fortunate to call home. Our offices offer beautiful views of Portland Harbor and the islands of Casco Bay. From our front door, we can walk to award-winning restaurants, cafes, museums and shops. Living in Portland and surrounding areas offers excellent schools, minimal commutes and proximity to beaches, mountains and state parks.

Responsibilities

The Fund Accounting Account Manager is responsible for recording and reconciling portfolio and fund activity, calculating the fund’s NAV, and generating reports for fund managers and investors. The role also involves mentoring fund accountants and ensuring timely completion of accounting tasks.