Internal Audit & Financial Reporting Department Description
HedgeServ’s IA & Financial Reporting department is expanding in both Cork and Dublin. The team works with some of the most complex hedge funds in the industry, collaborating with its clients to provide a unique technology driven service offering to deliver a streamlined financial reporting solution. The team provides expertise in U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), Luxembourg GAAP and local regulatory requirements, specifically for HedgeServ’s strategic clients.
An Internal Audit & Financial Reporting Manager will be required to prepare financial statements across HedgeServ’s strategic clients in compliance with U.S. GAAP, IFRS or Luxembourg GAAP under the supervision and guidance of a Financial Reporting Director. The Financial Reporting Manager will ensure the timely and accurate delivery of financial statements, whilst building relationships with Investment Managers and Auditors, as well as colleagues across multiple global offices.
Main Job Functions/Responsibilities:
Financial Reporting: Prepare or review financial statements including primary statements and all note disclosures ensuring they are drafted in accordance with: the regulations of the fund domicilethe relevant GAAP of the Fund, primarily US GAAP, IFRS or Luxembourg GAAPthe constituting documents of the fund (prospectus / offering memorandum)Investment Manager and/or Auditor instructions Develop template financial statements utilizing both the HedgeServ Financial Reporting tool and using a third party bespoke financial reporting applicationCo-ordinate weekly call between the Auditors, Investment Manager and HedgeServ, tracking the status of the financial reporting project to agreed milestones on the timetable and resolving ad-hoc Investment Manager and Auditor queries in relation to GAAP or local regulationsBuild a detailed personal knowledge of GAAP to understand the range of disclosures permissible under GAAP which best fit the ethos of the Investment Manager, and challenging the Auditors if required thereby adding value to the process from the Investment Manager’s perspectiveBuild a detailed personal knowledge of regulations (e.g. AIFMD, UCITs, and CFTC) to understand the range of disclosures permissible under the legislation which best fit the ethos of the Investment ManagerCoordinate the year-end financial statement process and ensure all Investment Manager and Auditor queries on the financial statements are resolved in a timely mannerResearch queries on GAAP and Regulations and prepare a summary memo for circulation to HedgeServ employees
General: Ensure errors or problems are identified and investigated on a timely basis; provide guidance for solutions to resolveReview the work of others and ensure all work is delivered on schedule to meet agreed timelinesMaintain positive relationships with business stakeholders
Education, Qualifications and Experience A Qualified Accountant (ACA/ACCA) who has completed a 3 or 4 year training contract with an audit firm specializing in the audit of Hedge Funds with a minimum of 2 years post qualified experienceA Qualified Accountant (ACA/ACCA/CIMA) who has completed a 3 or 4 year training contract with a Fund Administration firm specializing in financial reporting for Hedge Funds with a minimum of 2 years post qualified experienceStrong technical skills and attention to detail along with good knowledge of relevant accounting standards and regulatory requirements pertaining to the funds industryBachelor’s degree in Accounting, Finance or Economics (2.2 min)Detailed knowledge of US GAAP and/or IFRSIn-depth knowledge developed across audit and financial statement review, obtained from either audit engagements in an audit firm or within another financial institutionStrong IT skills, proficient at MS Office (Excel, Word and PowerPoint
Pre-requisite knowledge, skills and experience Guide, motivate and coach staff, ensuring development of their knowledge and abilityStrong leadership skills with excellent interpersonal, verbal and written communication skillsTake ownership of designated tasksStrong 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 independentlyAbility to research issues and present findings in professional mannerAbility to identify, prioritize and resolve issues in a timely mannerAbility to positively influence team moraleReliable and dependableAct as a role model for HedgeServ
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