A Fund Accounting Supervisor is required to execute the following tasks within the fund accounting department. They shall be executed within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Manager and Director. They will facilitate the timely and accurate delivery of NAV calculations and work closely with the fund accountants under their supervision. Supervision of the cash, position and OTC reconciliation process, including trade capture, processing corporate actions and pricing are an integral part of the Fund Accounting Supervisor’s role. They will assist in the development of the NAV team, setting goals and acting as a guide and mentor to direct reports. Every Fund Accounting Supervisor will receive the requisite Induction Training in addition to both compulsory (AML/KYC) and optional training. Additional client-specific training will be provided by the NAV Manager.
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.
A Fund Accounting Supervisor should be capable of supervising up to 4 Fund Accountants and facilitate their ongoing development and that of the NAV team. A minimum of 2 years’ experience working in a hedge fund administration firm is required.Review cash, position and market value reconciliationsResolve break items on reconciliations in a timely mannerReview fund pricingReview corporate actionsReview profit and loss reports for reasonablenessReview income and expense accruals including fee calculations and trading accrualsReview fund trial balanceReview profit allocations to fund investorsReview compliance with HedgeServ defined checklists, procedures and controlsConverse and liaise with internal services departments to resolve miscellaneous fund issuesEscalate fund accounting issues and aged items to Fund Accounting ManagerRespond to client queries in a timely and efficient mannerAssist in the audit process including preparation of fund financial statementsAssist team development by providing guidance, training and mentoring to Fund Accountants, setting their goals and monitoring performanceEnsure pre-agreed internal and external deadlines are met consistently
HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee. As such a Fund Accounting Supervisor should be flexible and willing to adapt.
Pre-requisite knowledge, skills and experience A minimum of 2 years’ experience working in a hedge fund administration firm is required.Accounting, Finance, Legal or Business honors DegreeIntention 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 requiredIT LiterateStrong verbal and written communication skillsStrong analytical and problem-solving skillsStrong attention to detail and well organizedAbility to work under pressure and to tight deadlinesAbility to be flexible and work effectively both within a team structure and independentlyStrong inter-personal skillsGood initiative tempered with identifying when escalation is requiredStrong systems, product and process knowledgeReliable and DependableApproachableAbility to positively influence team moraleDemonstrate leadership skillsTake ownership of designated tasksAct as a role model for HedgeServ
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