We are seeking a detail-oriented and highly motivated professional to join our Expense Management team within the Fund Administration area at Associate and Senior Associate level.
Key Responsibilities:
* Accurately process, allocate, track, and report fund-level expenses across various fund structures (hedge, private equity, mutual, or ETFs) in line with fund documentation, service agreements, regulatory guidelines, and industry best practices.
* Collaborate closely with fund accountants, client service teams, and external stakeholders (e.g., auditors, investment managers) to ensure expenses are processed correctly.
* Manage the daily processing and review of fund expenses including management fees, custody fees, audit, legal, and fund admin charges.
* Ensure all expense allocations and accruals align with offering memoranda, LPAs, fee agreements, and service provider contracts.
* Calculate and post monthly and quarterly accruals for fund expenses with supporting backup and justifications.
* Work closely with fund accounting teams to ensure expense data is accurate and timely for NAV and financial statement preparation.
* Track, validate, and process invoices from third-party service providers; liaise with vendors to resolve discrepancies.
* Prepare expense reports for internal and external stakeholders; support client reporting and board packages with high-quality data and commentary.
Requirements:
* Bachelor's degree in Accounting, Finance, or a related field.
* Associate: 13 years in fund accounting, expense management, or financial operations.
* Senior Associate: 35 years in fund accounting, expense management, or financial operations.
* Strong understanding of fund structures and expense components.
* Proficient in Excel and comfortable working with large datasets; exposure to workflow or reporting tools is a plus.