Account Manager

Job Details

Title: AVP - Hedge Fund Accounting

Location: Bangalore

Shift Timings - Based on Business Requirements

Job Summary

The successful candidate will join the Fund Services team as an AVP - Fund Accounting and will be closely working with Client Service Managers based in Europe/Singapore/US regions in connection with the performance of duties related to the administration of Alternative Funds. Candidate should have around 9 plus years of relevant experience in the Administration of Hedge Funds and NAV calculations.

Reporting

The position reports to VP - Hedge Fund Accounting

Responsibilities

• Planning, scheduling and managing the daily workflows of all client deliverables within the team.
• Responsible to review/prepare 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 analysing 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.
• Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
• Checking that all OTC products traded by the client have been booked correctly.
• Booking of Capital Activities of the fund.
• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
• 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.
• Support operations on projects related to Automations/Work migrations/Conversions etc.
• Support global changes in Key operating procedures and implementation.
• Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.
• Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.

Skills Required

• Hedge Fund administration
• General ledger accounting
• Advanced Excel
• Communication and interpersonal skills
• Team management
• Analytical, technical, organizational, and problem solving skills
• Attention to detail
• Critical thinking
• Paxus familiarity

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