Key Responsibilities
The ideal candidate will be responsible for the day-to-day administration of a portfolio of global businesses. They must ensure that all financial activities are executed with precision and accuracy.
1. Administration services: The successful applicant will administer a portfolio of hedge funds, performing various tasks as required.
2. NAV calculation and reporting: They will calculate and report funds' net asset values (NAVs), liaising with clients regarding trade issues or corporate actions.
3. Cash and position management: The administrator will manage daily reconciliations of cash and positions, both listed and unlisted, to custodians/prime brokers and counterparties.
4. Fee accruals and budget analysis: They will accurately verify fee accruals in the accounting system, preparing and monitoring expense budget analyses.
5. Performance fees: The administrator will calculate performance/incentive fees in the NAV and oversee their respective payments.
6. Market analysis: They will analyze changes in funds' values relative to broader market fluctuations.
7. New business onboarding: The successful candidate will assist in the execution of new business onboarding tasks in conjunction with an account manager.
8. Client liaison: They will liaise with clients and/or auditors regarding fund-specific queries.
9. Regulatory compliance: The administrator will perform procedures to ensure funds comply with legal and regulatory requirements.
10. Financial statement preparation: They will assist in preparing financial statements and audits as requested.
11. Team support: The successful candidate will provide assistance to team members in executing daily operational activities.
12. Training and mentoring: They will train, coach, and mentor employees on the team to build capabilities.
13. Departmental procedure development: The administrator will assist in developing and implementing departmental procedures.
14. Adherence to procedures: They will strictly adhere to established departmental fund accounting processing procedures, controls, and best practice documentation.
15. Reporting deliverables: The successful candidate will meet client, investor, and regulatory reporting deadlines.