Fund Accountant

Job Summary:

• The successful candidate will join the Fund Services team as a Hedge Fund Accountant and will be closely working with Client Service Managers based in US/UK/India regions in connection with the performance of duties related to the administration of Alternative Funds. Good knowledge in accounting concepts and Financial Products are required. Supporting the implementation and maintenance of the firms' compliance programs. Experience or knowledge working in a Off-shore hedge fund based in UK/US is a plus. Good understanding about Capital Market, Derivatives, Corporate Actions, and Hedge Funds is preferrable.

Functional Expertise Required:

Hedge Funds Should have relevant experience in General ledger accounting for Onshore and Offshore hedge funds, dealing with complex investments (swaps, bank debt, and convertible bonds, CDS) and hedge fund structures, Reconciliations and break resolutions, Corporate Actions, Fee Accruals, Management/Performance fee Calculations, PnL Allocations and NAV Preparation/Reviews.

Job Responsibilities

• Responsible to prepare/ validate the NAVs of the hedge fund clients on a daily/Monthly basis
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
• Reviewing pricing of the portfolio and analyzing the pricing exceptions if any.
• Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at monthend.
• Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.
• Co-ordinating and supporting for any filings / compliance related activities.
• Support operations on projects related to Automations/Work migrations/Conversions etc.
• Prepare ad hoc reporting in line with client and internal requirements
• Demonstrate ownership of assigned tasks and ensure timely completion, in line with demanding Service Level Agreements
• Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.

Qualification & Experience required

• Graduate or Post graduate in Commerce, MBA Finance, CMA/CFA
• 5-8 Years of Fund accounting experienceRole & responsibilities

Preferred candidate profile

Perks and benefits