State Street
Finance
AlternativeOpsFundAccounting(Hedge),SeniorAssociate
“Alternative Ops Fund Accounting(Hedge), Senior Associate at State Street. Skills: Net Asset Value (NAV) calculation, Fund Accounting, Hedge Fund Administration, Reconciliation, Risk management. Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for assigned funds. Assist and train others in the team with their NAV calculation and problem resolution”
What You'll Achieve.
Ensure consistency of policies adherence to procedures; Ensure NAV/yield accuracy; Ensure all SLAs are met; Improved productivity and profitability
Industry & Context.
Problem resolution; Identify and analyze operations risks related to current and potential business and recommends procedural changes and controls as needed
What They're Looking For.
Must Have
Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience, 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, Exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS), Knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations, Prior Hedge Fund accounting experience including General Ledger analysis and reconciliation
What You'll Do.
Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for assigned funds
Assist and train others in the team with their NAV calculation and problem resolution
Reconcile & review cash daily
Reconcile/review portfolio positions daily
Check if the accrual for income and expenses has been performed
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
Manage the day-to-day activities and controls to ensure consistency of policies adherence to procedures
Manage and facilitate timely resolution of issues
Propose and work to implement workflow changes and supporting technical solutions leading to improved productivity and profitability
Keep abreast of regulatory compliance and developments for the assigned area and apprise staff as necessary
Identify and analyze operations risks related to current and potential business and recommend procedural changes and controls as needed
Create and use quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed
Coordinate and manage projects within the department and/or with BU Shared Services
COEs and Client Operations teams
Identify any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines
Conduct periodic performance reviews
provide ongoing counsel
development and motivation of staff
Participate in the hiring
promotional and termination recommendation process
How You'll Work.
Team & Collaboration
Interact with all levels of professionals both internally and externally; 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; Work collaboratively with teams and management across the organization on various projects, oversight, committees, KPIs, etc.; Effectively bring individuals from multiple areas together to resolve identified issues; Manage with influence and effective communication across stakeholder groups both regionally and globally
Communication Scope
Exceptional interpersonal and communication skills; Excellent communication; Effective communication across stakeholder groups both regionally and globally
Process & Methodology
Coordinate and manage projects within the department and/or with BU Shared Services, COEs and Client Operations teams
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