Senior Fund Accountant, Fund Accounting – Hedge Funds

The Citco Group Limited•San Francisco, CA

18h•$72,000 - $96,000

About The Position

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience. As a core member of our Fund Accounting – Hedge Funds team, you will be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Requirements

Bachelor’s Degree in Accounting, Finance or Economics.
Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation.
Accounting/Finance background with relevant experience.
Experience at hedge/mutual funds or investment companies.
Understanding of investment strategies and financial products (including derivatives).
Excellent written and verbal communication skills.
Demonstrated financial reporting, analytical and organizational skills.
Strong Office and Outlook skill set (especially Excel).
Proven ability to work in a challenging and professional work environment.

Nice To Haves

Some successful supervisory/management experience an advantage.

Responsibilities

Form part of a professional team responsible for maintaining the books and records of the funds and preparing fund financial reports and investor allocations.
Work to global procedures and internal best practices.
Assist and work with a small team of Fund Accountants and local management to service our clients who consist of investment managers and institutional investors within those Hedge Funds.
Perform valuation of hedge fund portfolio holdings.
Provide analysis of fund performance and prepare performance/P&L related reports.
Investigate, communicate and resolve valuation/P&L related issues with hedge fund clients.
Perform price verification and prepare sign-off packages.
Monitor compliance with various client service agreements.
Oversight and preparation of complex ‘Net Asset Value’ calculations and investor P&L allocations in accordance with Service level agreements and internal controls.
Keep and maintain financial records (balance sheet, general ledger entries and profit & loss statement) including accrual reconciliations versus external sources, review cash, trade, position and dividend reconciliations from other internal departments.
Monitor and bookkeep the activity in the Fund, covering corporate actions, income and expenses, fees, capital transfers and performance fees.
Monitor compliance of various agreements with the clients.
Work with all team members to improve product quality and consistency.
Lead migrations and new fund launches to successful completion.
Train and support team members in their development.
Operate as a contact point for clients; able to respond to and resolve queries or escalate where necessary.
Maintain detailed knowledge of investment process and products to effectively respond to Investment Manager queries.
Act as liaison with various internal/external parties – e.g., Auditors, Brokers, Legal Counsel and Investment Manager.
Assist with ad hoc projects.