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 an AVP and Fund Accounting 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 of the Role
The below list is not finite and may be added to. The combination of tasks required to be executed will vary depending on both client structure, client requirements and business needs.
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 Assistant Manager or Supervisor.
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.
A Fund Accounting Manager should be capable of managing a team of up to 10 staff servicing clients with various requirements and deadlines
Pre-requisite knowledge, skills and experience
6 years’ experience working in a Hedge Fund Administration Firm with at least 1 of those at Assistant Manager 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.
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 inter-personal skills.
Good initiative tempered with identifying when escalation is required.
Strong systems, product and process knowledge.
Reliable and dependable.
Ability to positively influence team morale.
Demonstrate leadership skills.
Take ownership of designated tasks.
Act as a role model for HedgeServ Ltd.
Minimum of 6 years’ experience working in a Hedge Fund Administration Firm with at least 1 of those at Assistant Manager level is desired. Alternative Hedge Fund experience may be considered.
Payroll Specialist – Europe & Australia The Role This is a hands-on role within our Finance Team reporting directly to the Director of Finance, Europe & Australia. The Payroll Specialist will be responsible for the processing of all payroll and benefits for all HedgeServ entities in Europe and Australia, in an organization with strong growth … Continued
Company Description HedgeServ is a top-ranked global, independent fund administrator. HedgeServ provides uniquely client-centric service and is the industry’s leader in technology. Headquartered in New York City and Dublin, HedgeServ currently services more than $350 billion of assets under administration across 200 client relationships, with 1,200+ professionals across our 14 offices in 8 countries (other … Continued
Information about us
HedgeServ.com is a Site operated by HedgeServ Holding L.P. and its affiliates HedgeServ Corporation, HedgeServ Limited, HedgeServ LLC, and HedgeServ (Cayman) Ltd. (collectively “We”).
HedgeServ’s affiliate, HedgeServ Limited is authorised by the Central Bank of Ireland under Section 10 of the Irish Investment Intermediaries Act, 1995 to provide the administration of collective investment schemes, including the performance of valuation services or fund accounting services or acting as transfer agents or registration agents for such funds, in respect of units or shares in undertakings for collective investments in transferable securities within the meaning of European Communities (Undertakings for Collective Investments in Transferable Securities Regulations, 1989 (S.I. No. 78 of 1989), and any subsequent amendments thereto, units in a unit trust, shares in an investment company, capital contributions to limited partnerships.
HedgeServ’s affiliate, HedgeServ LLC is a company organized under the laws of Delaware and is authorized to do business in the State of Illinois, USA, to provide services to hedge funds and funds of hedge funds including, maintaining fund’s accounts, calculating a fund’s net asset value, maintaining a fund’s principal corporate records, communicating with shareholders, accepting the subscriptions of new shareholders, making redemptions of the shares, and ensuring compliance with the laws of the US (including but not limited to anti-money laundering regulations) .
HedgeServ’s affiliate, HedgeServ (Cayman) Ltd. is a company incorporated under the laws of the Cayman Islands and is authorized by the Cayman Islands Monetary Authority as a Mutual Fund Administrator under Section 11 of The Mutual Funds Law (as amended), to provide services to exempted companies, segregated portfolio companies, unit trust and limited partnerships including, maintaining fund’s accounts, calculating a fund’s net asset value, maintaining a fund’s principal corporate records, communicating with shareholders, accepting the subscriptions of new shareholders, making redemptions of the shares, and ensuring compliance with Cayman Islands laws and regulations (including but not limited to anti-money laundering regulations).
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