Immediate Start: Alternative Ops Fund Accounting

Who we are looking for Hedge Fund Administration Senior Associate interact with all levels of professionals both internally and externally Therefore exceptional interpersonal and communication skills are required Candidates must demonstrate initiative be able to perform well under pressure and simultaneously handle multiple assignments Hedge Fund Senior Associates are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds Why this role is important to us The team you will be joining Alternative Investment Solutions is a recognized industry-leading provider of fund accounting fund administration and risk services to hedge funds and private equity funds These services are fully integrated to provide complete end-to-end solutions that span the front- middle- and back-office requirements of institutional investors What you will be responsible for Calculate and validate a daily and or weekly and or monthly Net Asset Value NAV for your assigned funds Assist and train others in your team with their NAV calculation and problem resolution Reconcile review cash daily no unresolved discrepancies Reconcile review portfolio positions daily including equities bonds swaps options foreign exchange futures and other evolving derivative instruments Check if the accrual for income and expenses has been performed daily validate PnL statement and position market values Post review accounting entries to the general ledger Review and validate the partner shareholder allocation calculations including management and incentive fee calculations Review NAV packs and sign off to client stakeholders Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures Manages and facilitates timely resolution of issues Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed Coordinates and manages projects within the department and or with BU Shared Services COEs and Client Operations teams During the course of normal day-to-day operation responsible for identifying any unusual or potentially suspicious transaction activity and reporting and or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures Conducts periodic performance reviews provides ongoing counsel training development and motivation of staff Participates in the hiring salary promotional and termination recommendation process Result-oriented with an ownership and accountability mindset Drive pay for performance and culture of performance differentiation Executive presence managing with influence and effective communication across stakeholder groups both regionally and globally Embed risk excellence culture across the teams What we value Account for the day-to-day management of a functional oversight team s and manage daily service delivery and production activities performed by staff Work in conjunction with individuals on the team as well as other Shared Service teams COE s outsource locations Client Operations and other business units to ensure seamless processing according to the fund s policies to ensure NAV yield accuracy and that all SLAs are met As well as Work collaboratively with teams and management across the organization on various projects oversight committees KPIs etc Education Preferred Qualifications Bachelor s Degree in Commerce Economics with a specialization in Business Accounting Finance or equivalent experience preferred Highly proficient with Microsoft Office Products Excel Word Demonstrated managerial leadership and decision-making abilities Excellent communication organization interpersonal planning and analytical skills Ability to effectively bring individuals from multiple areas together to resolve identified issues Should have exposure to trading instruments like Equities Options Bonds Futures Spots and Forwards Bank Debts and Credit Default Swaps CDS Should have knowledge of Corporate Actions Income Expense accruals SEC Yields Distributions NAV calculations etc Should have prior Hedge Fund accounting experience including General Ledger analysis and reconciliation Experience Requirements Total experience should be 7 years with minimum of 5 years into fund accounting with supervisory capacity Knowledge of securities language and legal requirements Good interpersonal organizational and management skills Solid understanding of operational functions within Custody and or Fund Accounting Ability to provide technical expertise to resolve daily problems What we do State Street is one of the largest custodian banks asset managers and asset intelligence companies in the world From technology to product innovation we re making our mark on the financial services industry For more than two centuries we ve been helping our clients safeguard and steward the investments of millions of people We provide investment servicing data analytics investment research trading and investment management to institutional clients Work Live and Grow We make all efforts to create a great work environment Our benefits packages are competitive and comprehensive Details vary by location but you may expect generous medical care insurance and savings plans among other perks You ll have access to flexible Work Programs to help you match your needs And our wealth of development programs and educational support will help you reach your full potential