Fund Accounting and Administration, Senior Associate

at  State Street Corporation

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.

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

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

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 growt