Fund Accounting - Assistant Manager

Recruiter
State Street.
Location
Hyderabad, India
Salary
Not disclosed
Posted
17 Sep 2020
Closes
28 Sep 2020
Ref
R-647923
Contract type
Permanent
Hours
Full time
Experience level
Manager

RESPONSIBILITIES:

  • Undertake the following, with a goal of 100% accuracy, timeliness and completeness:
  • Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds
  • Assist and train others in your team with their NAV calculation and problem resolution
  • Design and implement operational efficiencies
  • Reconcile cash daily (no unresolved discrepancies)
  • Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
  • Accrue income and expenses daily
  • Analyze and validate traders' profit and loss statement daily
  • Analyze and validate position market values daily
  • Post accounting entries to the general ledger daily
  • Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
  • Research and resolve differences between accounting and trade entry systems daily
  • Lead/assist with month-end close process
  • Lead/assist with enquiries related to the annual audit
  • Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)
  • Lead/assist with preparing other ad hoc financial reports as required
  • Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details

DEVELOP RELATIONSHIP WITH:

  • Promote teamwork by training and coaching others
  • Align goals with supporting departments through ongoing communications
  • Customers through proactively understanding customer needs and finding solutions to non-standard customer queries
  • Customers and colleagues by developing superior industry knowledge (on accounting developments and new product types)
  • Investment advisors/managers through accurate NAV reporting and responding quickly to queries (with minimal supervision)
  • Prime brokers through accurate, complete and timely reconciliations and responding quickly to queries (with minimal supervision)

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

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