Hedge Fund Admin Specialist (TAS)
Job Location: Newark, N.J.
Hedge Fund Administration Specialist - Fortune 100 Co.
Following the team’s effective control environment to ensure adherence to established accounting procedures and protocols. Identify risk and escalate in a timely manner. Proactively identify and recommend improvements to internal and external controls and processes. Review of Monthly NAV Calculations produced by an external Fund Administrator including performance fees and capital accounts where applicable and expense and budget reviews. Hands on shadow accounting and oversight of Administrator NAV with analysis at the instrument level to ensure internally maintained records align with the Administrator and Prime Broker’s activities. Meeting client reporting needs and responding to ad-hoc requirements. Build strong relationships with all Business Operations and Fixed Income teams as needed, including but not limited to Finance, Compliance, Legal, Client Advisory Group, Information Technology, Sales & Marketing, Risk Management, Pricing, and Trade Operations to effectively deliver on the business’s evolving data and accounting needs on an ad hoc and recurring basis. Participate in the review of financial statements. Work with the Fund Administrator and external auditors for the audit process to ensure accurate and timely delivery of audited financial statements. Manage the expenses payment to third party vendors. Participate in projects such as fund launches, closures, mergers or regulatory change, contributing from an accounting and records perspective and working closely with other groups to deliver these projects cleanly. Managing the Service Provider relationships (Prime Brokers & Administrators) to ensure robust and effective delivery on all aspects of the product. Assist with annual health checks on service providers and identify and process or control issues.
Must be able to work independently, and as part of a team both within the Portfolio Administration team and across functions. The position requires the ability to handle multiple tasks, meet reporting deadlines and flexibility. Demonstrable experience for supporting multi-currency Fixed Income and Derivatives instruments required. Attention to detail is a key requirement of the role and the ability to identify risk and escalate appropriately. The associate should have a history of performing hedge fund administration and including the processes which contribute to supporting NAV and detailed fees calculation models. An Accounting qualification such as CPA, ACCA, or CIMA is preferred. A minimum of 3 years of Fund Accounting experience in the alternatives products sector is highly desirable.
Please contact Tricia Sweeney at email@example.com
70-80K + Bonus
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