Hedge Fund Accounting & Administration, Senior Associate

State Street • Sacramento, CA

5d • $52,000 - $94,120

About The Position

Who we are looking for Fund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are . Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Senior Associates are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

• Exceptional interpersonal and communication skills are .
• Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.

Nice To Haves

• Bachelor’s degree in Accounting or Finance
• Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role
• Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.
• Proficiency in Microsoft Outlook & Excel in
• Strong interpersonal skills, highly effective communication and organization skills
• Ability to thrive and function in a deadline driven environment
• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

Responsibilities

• Validate and review all daily activity while maintaining all required controls
• Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
• Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams
• Research and resolve exceptions and issues
• Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
• Define and ensure successful completion of ad-hoc requests
• Escalate unresolved issues to management as
• Reconcile and resolve discrepancies with other teams as needed
• Ensure appropriate records of daily and monthly activities are kept
• Perform daily or weekly reporting functions for the team’s activities
• Ensure adherence to Standard Operating Procedures
• Keep up to date on broader internal/external business issues; apply knowledge across team
• Assist management in the implementation of new policies and procedures, participate in projects
• Assist with workflow management and technology enhancements, make suggestions to streamline operations
• Maintain knowledge of current alternative procedures and processes
• Support training of new hires as necessary
• During the course of normal day to day operations, 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
• Perform duties of Associates and provide back-up management support if
• Perform other duties as assigned

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
• For a full overview, visit https://hrportal.ehr.com/statestreet/Home

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level