Senior Associate – Hedge Fund Middle Office Operations
About The Position
This role is within the Client Services department and is a permanent hire. The Senior Associate will be responsible for preparing daily reconciliations of positions and trades between client records and their prime brokers, ensuring accuracy and resolving discrepancies. They will collaborate with prime brokers to resolve trade breaks and maintain smooth operational workflows. The position also involves handling monthly reconciliations of tri-party positions, cash, market values, and accruals, while preparing performance estimates for COO clients. Additionally, the role requires reviewing monthly Administrator NAV packages, updating portfolio accounting systems when needed, maintaining fund accrual schedules, and processing corporate actions such as dividends, splits, and mergers for client portfolios. The Senior Associate will also serve as a point of escalation for complex issues.
Requirements
- Bachelor’s degree in accounting, finance, economics, or a related field.
- Three plus years of financial services experience, specifically in middle office work with alternative investment funds.
- Strong expertise in financial instruments such as equities, fixed income, bank debt, repos, options, swaps, futures, and FX spot/forward contracts.
- Advanced knowledge of margin processes and cash projections.
- Excellent attention to detail, multitasking ability, and strong communication skills for managing client relationships.
- Hard-working, punctual, and personable.
- Solid understanding of hedge funds and private equity.
- Strong accounting and analytical skills.
- Advanced computer proficiency, especially in Excel and portfolio accounting systems like Enfusion or Geneva.
- Required to work full-time in the office.
Responsibilities
- Prepare daily reconciliations of positions and trades between client records and their prime brokers, ensuring accuracy and resolving discrepancies.
- Collaborate with prime brokers to resolve trade breaks and maintain smooth operational workflows.
- Handle monthly reconciliations of tri-party positions, cash, market values, and accruals.
- Prepare performance estimates for COO clients.
- Review monthly Administrator NAV packages.
- Update portfolio accounting systems when needed.
- Maintain fund accrual schedules.
- Process corporate actions such as dividends, splits, and mergers for client portfolios.
- Serve as a point of escalation for complex issues.
Benefits
- Generous paid time off, including 4 weeks of PTO that increases over time.
- Sick time.
- Paid holidays.
- 401(k) plan with a company match (subject to eligibility).
- Medical, dental, vision insurance.
- Mental health support.
- Additional ancillary insurance plans.
- Paid parental leave.
- Hybrid work schedule.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
