Hedge fund Accounting, Associate 2

State Street•Montreal, QC

About The Position

We are looking for bright, enthusiastic and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by well-developed procedures and controls. We offer you a challenging career in a rapidly expanding international company with a professional, yet casual, work environment. The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

Excellent communication and interpersonal skills
Attention to detail and accuracy
Confident and decisive
Ambitious and energetic
Strong work ethic - flexible and adaptable
Can-do attitude with high energy
Self-motivated with a passion for learning and growth
Must have a College diploma or university degree with concentration in Accounting, Finance or Economics
Some Accounting experience in Hedge Funds, Offshore funds and/or Alternative Investment Strategies required
State Street operational experience preferred
Completion of the Canadian Securities Course (CSC) an asset
Knowledge in Accounting for Mutual Funds, Hedge Funds, complex fund structures and Alternative Investments Strategies including an understanding of various financial instruments
Working knowledge of Microsoft Excel/Word and Bloomberg

Responsibilities

Complete the daily monitoring and review of fund activities (trades, cash, income and expenses, etc.) to ensure accurate NAV reporting
Monitor and review of trial balance, income statement and capital statements for complex fund structures and Offshore funds with alternative asset strategies
Monitor and review partner/shareholder allocation calculations, including management fees and incentive fees
Lead the month end book closing process
Review of cash and securities reconciliations for prime broker accounts
Assist in new business setup and conversions
Assist in reviewing expense analyses to ensure accruals align with client approved expense budget
Work with other services departments to resolve errors/issues or to reconcile discrepancies
During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Report any potentially material valuation or client servicing issues to the Supervisor and/or Manager in a timely manner
Ensure standard procedures and controls are adhered to
Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit
Liaise with investment managers, prime brokers and auditors
Assist in the training and development of Investment Accountants, observe and provide feedback to Supervisor and/or Manager
Ongoing personal education and development by attendance of State Street training sessions