State Street
Finance
AlternativeOpsFundAccounting(Hedge),SeniorAssociate
“Alternative Ops Fund Accounting(Hedge), Senior Associate at State Street. Skills: Hedge Fund Accounting, Net Asset Value (NAV) Calculation, Fund Administration, Reconciliation, Regulatory Compliance, 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; Compliance with operational standards with SLAs and SOPs
Industry & Context.
Problem resolution; Ability to effectively bring individuals from multiple areas together to resolve identified issues; Identifies and analyzes 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 etc., 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
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
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 provides ongoing counsel
development and motivation of staff
Participates 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 according to the fund’s policies, to ensure NAV/yield accuracy and that all SLAs are met; 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
Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams
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