Job Description
A Fund Accounting Manager will be required to manage the overall NAV calculation process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Fund Accounting Director and Managing Director. They will ensure the timely and accurate delivery of NAV calculations. They will assist in the development of client relationships and will require a detailed understanding of the service requirements for Hedge Fund Administration. Every Fund Accounting Manager will receive the requisite Induction Training in addition to both compulsory training (AML/KYC) and optional training. Additional client-specific training is provided by the Director and Managing Director.
Key Accountabilities:
* Managing client relationships involving interaction with both the client and the relevant Fund Accounting Director to ensure consistency of service.
* Ensure the assigned fund accounting team operates within the clearly defined and documented control environment.
* Manage and develop client teams of up to 10 employees.
* Resolve fund accounting enquiries escalated by Supervisor or Administrator.
* Ensure all aged items on cash and position reconciliations are resolved timely.
* Review daily and monthly NAV calculations.
* Develop and improve NAV calculation workflows and procedures.
* Review fee calculations and profit and loss allocations.
* Review applicable monthly, yearly and inception to date performance.
* Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements.
* Investigate accounting implications of new products.
* Manage and complete client initialization and transition
* Participate in development and presentation of fund accounting training.
* Manage fund accounting recruitment, training and performance evaluations.
* Resolve exceptional problems and take on special projects or tasks as assigned.
* Handle complex calls from clients.
* Establish and maintain effective working relationships with the Investor Services, Quality Assurance, Client Servicing and Compliance departments within HedgeServ.
* HedgeServ operates a client focused structure which provides a wide-range of experience to all levels of employee. As such a Fund Accounting Manager should be flexible and willing to adapt.
* A Fund Accounting Manager should be capable of managing a team of up to 10 staff servicing clients with various requirements and deadlines
Pre-requisite knowledge, skills and experience for this Fund Accounting Manager job:
* 5 years' experience working in a Hedge Fund Administration Firm with at least 3 of those at supervisor level is desired
* Accounting, Finance, Legal or Business Degree. Min. 2.2 honors degree
* Intention 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 required.
* IT Literate
* Strong English verbal and written communication skills
* Strong analytical and problem-solving skills
* Ability to be flexible and work effectively both within a team structure or independently.
* Strong inter-personal skills
* Good initiative tempered with identifying when escalation is required.
* Strong systems, product and process knowledge
* Reliable and Dependable
* Approachable
* Committed
* Ability to positively influence team morale
* Demonstrate leadership skills
* Take ownership of designated tasks
* Act as a role model for HedgeServ Ltd