Portfolio Accounting Manager

HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set. HedgeServ’s entrepreneurial and innovative spirit cultivates a productive and agile environment enabling its team to anticipate clients’ needs and consistently deliver solutions in real time. Led by the most experienced team of industry experts, HedgeServ with 1,500+ professionals around the globe expertly provides customizable solutions for their clients’ risk, portfolio management, middle office, investor relations, accounting, regulatory, compliance, and tax services. Since its inception in 2008, HedgeServ has received numerous accolades, including Top Overall Administrator and #1 rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Alternative Fund Expertise, and Regulatory Expertise.

HedgeServ is a progressive company with continuously evolving ways of working to ensure a future-focused mindset. Our employees benefit from a robust career development framework and clear learning paths which outline career trajectory, training and progression plans. HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. HedgeServ was recognized as a Next Gen employer by RippleMatch on its list of 100 top workplaces for Generation Z for 2022. HedgeServ operates 13 offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, Philippines and Australia.

Job Description

A Portfolio Accounting Manager will be required to manage the reconciliations service delivery, within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Portfolio Accounting Director and Managing Director. They will ensure the timely and accurate delivery of daily operational deliverables (Trade, Cash and Portfolio reconciliations). They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. Every Portfolio 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

• Monitoring and reviewing the daily operational deliverables and managing client relationships involving interaction with both the client and the relevant Portfolio and Fund Accounting Director to ensure consistency of service.
• Ensure the assigned team operates within the clearly defined and documented control environment.
• A Portfolio Accounting Manager should be capable of managing a team of up to 10 staff servicing clients with various requirements and deadlines
• Review daily operational deliverables (Trade, Cash and Portfolio reconciliations)
• Resolve fund accounting enquiries escalated by Supervisor or Administrator.
• Ensure all aged items on cash and position reconciliations are resolved timely.
• Investigate accounting implications of new products.
• Manage and complete client initialization and transition
• Participate in development and presentation of portfolio accounting training.
• Manage portfolio accounting recruitment, training and performance evaluations.
• Resolve exceptional problems and take on special projects or tasks as assigned.
• Establish and maintain effective working relationships with all departments within HedgeServ.

Pre-requisite knowledge, skills and experience for this Fund Accounting Manager job:

• 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.
• IT Literate.
• Strong English verbal and written communication skills.
• Strong 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 coupled with the ability to identify when escalation is required.
• Reliable, flexible and dependable.
• Ability to positively influence team morale.
• Demonstrate leadership skills.
• Take ownership of designated tasks.
• Act as a role model for HedgeServ.

For further information, and to apply, please visit our website via the “Apply” button below.