Fund Accountant

Confidential Company  •  New York City, NY and New York, NY

5 - 7 years experience  •  Financial Services

$110K - $190K
Posted on 07/21/17 by Jasmin Kano
Confidential Company
New York City, NY
5 - 7 years experience
Financial Services
$110K - $190K
Posted on 07/21/17 Jasmin Kano

Our client is seeking a Senior Fund Accountant to join its thriving Fund team.

This position requires specific knowledge of:

  • Financial markets including an intermediate understanding of securities language and terminology
  • Financial instruments including: total return swaps, interest rate swaps, mortgage-backed securities, municipal and corporate bonds, REPOs, futures, CFDs, equities, etc.
  • The fund accounting lifecycle and the various operational functions required to strike a net asset value:

Portfolio Accounting:

  • creation and maintenance of securitymaster
  • trade processing including processing of corporate actions
  • cash, position and P&L reconciliation
  • valuation of investments

Fund/Investor Accounting:

  • booking of fund operating expenses
  • reconciliation of operational bank accounts
  • calculation of investor-level fees including management and performance fees
  • knowledge of investor performance calculations including highwater marks, hurdle rates, and crystallization of incentive fees
  • preparation of financial statements and portfolio schedules

Training & Onboarding:

  • assistance with onboarding of new launches and conversion clients
  • evaluation of new processes for operational efficiency; coordination with other operational leads to implement new practices
  • development of training documents, policies and procedures for complex asset classes

Experience Required:

  • Three or more years of experience in hedge fund administration and/or public accounting (audit or taxexperience in the hedge fund space)
  • Hands on experience with fund accounting software including Geneva, FundCount, InvestOne, or VPM
  • Advanced Microsoft Excel skills
  • Strong communication skills and the ability to interact both internally and externally in a professional manner with clients and colleagues
  • CPA, CFA or MBApreferred but not required

At least 4 years of hedge fund accounting.

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