Job Description
A Fund Accounting Manager will be required to manage the overall NAV calculation process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Director and Managing Director. They will ensure the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. Every Fund Accounting Manager will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional client-specific training is provided by the Director and Managing Director.
Key Accountabilities:
- Managing client relationships involving interaction with both the client and the relevant Fund Accounting Director to ensure consistency of service.
- Ensure the assigned fund accounting team operates within the clearly defined and documented control environment.
- Manage and develop client teams of up to 10 employees.
- Resolve fund accounting enquiries escalated by Supervisor or Administrator.
- Ensure all aged items on cash and position reconciliations are resolved timely.
- Review daily and monthly NAV calculations.
- Develop and improve NAV calculation workflows and procedures.
- Review fee calculations and profit and loss allocations.
- Review applicable monthly, yearly and inception to date performance.
- Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements.
- Investigate accounting implications of new products.
- Manage and complete client initialization and transition
- Participate in development and presentation of fund accounting training.
- Manage fund accounting recruitment, training and performance evaluations.
- Resolve exceptional problems and take on special projects or tasks as assigned.
- Handle complex calls from clients.
- Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Client Servicing and Compliance departments within HedgeServ.
- HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee. As such a Fund Accounting Manager should be flexible and willing to adapt.
Pre-requisite knowledge, skills and experience
- 5 years experience working in a Hedge Fund Administration Firm with at least 3 of those at supervisor level is desired
- Accounting, Finance, Legal or Business Degree
- Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required.
- IT Literate
- Strong English verbal and written communication skills
- Strong analytical and problem-solving skills
- Ability to be flexible and work effectively both within a team structure or independently.
- Strong interpersonal skills
- Good initiative tempered with identifying when escalation is required.
- Strong systems, product and process knowledge
- Reliable and Dependable
- Approachable and Committed
- Ability to positively influence team morale
- Demonstrate leadership skills
- Take ownership of designated tasks
- Act as a role model for HedgeServ
