Due to its innovative technology and service offering, HedgeServ’s closed end funds team is expanding in both New York and Ireland. The team currently services a mix of private equity, real estate and hybrid structures.
The team works with its clients on collaborating new technology solutions as well as client service models to support unique structures and operating models to meet an evolving and growing area within the asset management industry.
A Private Equity Fund Accountant will be required to execute the following tasks within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Private Equity Supervisor and Manager. Calculation of Capital Calls, Distributions, preparation of monthly/quarterly NAV packages including fee calculations and waterfall preparation. Reconciliation, trade capture, and pricing are also an integral part of the role. These core tasks be will be performed accurately and in a timely and efficient manner. The Private Equity Fund Accountant will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional client-specific training will be provided by the Private Equity Supervisor.
Key Accountabilities of the Role
The tasks required to be executed will vary depending on both client structure, client requirements and business needs and will include:
Assist in the production of monthly and quarterly NAV, ensuring completion of specified tasks per Private Equity checklists
Calculate and process capital calls, capital distributions and statements for closed-end funds
Prepare investor P&L allocations and fee calculations as part of monthly and quarterly NAV packages
Prepare waterfall calculations
Prepare portfolio and investor IRR calculations as required
Perform cash, position and market value reconciliations.
Escalate accounting issues and aged items to the Private Equity Supervisor
Ensure all positions are priced correctly
Calculate and process income and expense accruals including trading accruals
Comply with HedgeServ’s checklists, procedures and controls
Assist in the audit process where required
Converse and liaise with internal service departments to resolve miscellaneous fund issues.
Ensure pre-agreed internal and external deadlines are met timely
Be client focused, flexible and willing to adapt
Accounting, Finance, Legal or Business Degree
Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA) is not required but would be an advantage.
Minimum of 1-2 years experience in a similar role
Hedge Fund Accounting experience may also be considered
Strong verbal and written communication skills
Strong analytical and problem-solving skills
Strong attention to detail and well organized
Ability to work under pressure and to tight deadlines
Ability to be flexible and work effectively both within a team structure and independently
Strong inter-personal skills
Good initiative tempered with identifying when escalation is required.
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
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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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