At HedgeServ, we're redefining what's possible in fund administration. With more than $700 billion in assets under administration, we partner with the world's most forward-thinking investment managers – across private equity, private credit, endowments, hedge funds and more – to deliver seamless, tech-enabled solutions that drive performance.
Our proprietary platform, enhanced by machine learning and robotic process automation, gives clients real-time insights and unmatched control over their operations. Alongside our technology, we offer award-winning service through our team-based approach -- led by a deeply experienced team of industry experts. Our solutions span the full investment lifecycle, including fund accounting, middle office, risk, compliance, tax, and investor services.
We're a future-focused company, empowering our people through a robust career development framework, clear career trajectories with structured learning paths, training, and progression plans. We invest in leadership development and in our collaborative culture, creating space for talent to grow. Our corporate values – Relationships, Support, Innovation, and Expertise – create a sense of shared purpose and belonging, and we recognize our employees sit at the core of our success. We continue to innovate and evolve through our employees, working together to achieve our shared vision and mission.
HedgeServ supports employees through a variety of offerings, including remote and hybrid working arrangements, and fully paid comprehensive health and well-being benefits. We've been recognized as an employer of choice, earning a top 100 workplaces designation.
Founded in 2008, HedgeServ has grown into a global organization with over 2,000 experts across the globe, with offices in the United States, Grand Cayman, Ireland, Poland, Bulgaria, Luxembourg, the Philippines, and Australia. We've earned numerous accolades, including Top Overall Administrator, along with #1 rankings for providing alternative asset services in Accounting, Technology, Client Service, Investor Services, Alternative Fund Expertise, Reporting, and Regulatory Expertise.
Job Description
As a top-ranked, rapidly growing independent fund administrator, HedgeServ has new exciting internship placement opportunities for talented accounting, business, and finance students to be part of our Culture of Excellence.
Our aim within the programme is to develop and motivate top students as Fund Accountants by building challenging roles for them; helping them develop valuable skills; and giving them direction in their future career choices. Everyone collaborates and shares ideas, supporting each other as they develop in their roles.
As a Fund Accounting Intern, you will be responsible for the execution of challenging tasks within the Fund Accounting department. You will work within the guidelines and procedures provided by HedgeServ and under the supportive supervision and guidance of a Fund Accounting Supervisor and Fund Accounting Manager. You can expect to be seen as a key member of the team, involved in all matters.
Integral to the Fund Accountant Intern's role, is the reconciliation, trade capture, processing of corporate actions and pricing. You will be required to perform these core tasks accurately and in a timely and efficient manner. Every Fund Accountant will receive excellent Induction Training, in addition to both compulsory training as well as technical and personal development.
HedgeServ operates a client focused structure which provides a wide range of experience to all. We focus on adding value to our clients every day. We have a very active Sports & Social club which organizes regular team events such as soccer leagues, bowling, paint club, staff parties and general get togethers, which everyone enjoys. Interns can also get involved in HedgeServ's Corporate Social Responsibility initiatives and charity work.
Key Accountabilities of the Role
* Assist in the production of daily, weekly and monthly NAV, ensuring completion of specified tasks per NAV checklists
* Perform cash, position and market value reconciliations between HedgeServ, brokers and clients
* Identify and investigate break items on reconciliations in a timely manner
* Escalate fund accounting issues and aged items to the Fund Accounting Supervisor
* Ensure all positions are priced correctly
* Verify corporate actions to ensure accurate processing
* Prepare daily profit and loss reports and review for reasonableness
* Calculate and process income and expense accruals including fee calculations and trading accruals
* Comply with HedgeServ's defined checklists, procedures and controls
* Assist in the audit process if required
* Attend and participate in team meetings
* Converse and liaise with internal service departments to resolve miscellaneous fund issues
* Ensure pre agreed internal and external deadlines are met consistently
Required Knowledge, Skills and Experience
* Strong academic background with an interest in financial services
* Proficient with technology including having used Microsoft Excel, Outlook and Teams
* Clear communicator, who can articulate their actions, identify root causes, and suggest improved ideas
* You will have analytical mind with problem-solving skills
* You will be attentive to detail, well organised and will be able to work under pressure to tight deadlines
* Effective inter-personal skills
* You will be reliable, dependable and committed
* You will actively contribute as a valuable team player