Hedge Fund Accounting & Administration, Senior Associate

STATE STREET CORPORATION; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial services company in Toronto is seeking a Hedge Fund Accounting Supervisor. The role involves supervising team members, ensuring accurate financial reporting, and validating Net Asset Values. Ideal candidates should have at least 2 years of management experience in hedge fund administration, a bachelor’s degree in a relevant field, and strong communication skills.

Qualifications

• Minimum of 2 years experience at the management level in hedge fund administration.
• Minimum of 3 years in hedge fund administration or related financial services.
• Demonstrated ability to supervise a team.

Responsibilities

• Assist and train team members on NAV calculation and validation.
• Review cash and portfolio position reconciliations daily.
• Analyze and validate daily traders' profit and loss statements.
• Ensure accuracy in accounting transactions and partner/shareholder allocations.
• Lead/assist in financial statement preparation and annual audits.

Skills

Excellent communication and interpersonal skills

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

Education

Bachelor's degree in Accounting, Finance, or related area

Job description

Overview

Who we are looking for

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.

Why this role is important to us

The team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Hedge Fund Accounting Supervisor you will

• Assist and train team members to calculate and validate a weekly and/or monthly Net Asset Value (NAV) for their assigned funds
• Review cash reconciliations daily (no unresolved discrepancies)
• Review portfolio position reconciliations daily (including equities, bonds, swaps, options, fund of funds, foreign exchange, futures and other evolving derivative instruments)
• Analyze and validate traders\' profit and loss statement daily
• Review and ensure all positions are priced correctly daily
• Review of accounting transactions for accuracy
• Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
• Ensure all daily client reporting deadlines are met by your team
• Ensure weekly / monthly end Dealing Date NAV deadlines are achieved by your team
• Review of the weekly / month end NAV pack before presentation to NAV Officer / Manager
• Lead/assist with financial statement preparation (monthly and annually)
• Lead/assist with working paper preparation and enquiries related to the annual audit
• Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)
• Review and understand the fund\'s offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details
• Ensure appropriate allocation and sharing of work within team
• Develop communication within the team on a day to day basis

What we value

These skills will help you succeed in this role

• Excellent communication and interpersonal skills
• 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

Education & Preferred Qualifications

• Must have a minimum of 2 years of experience at the management level in a hedge fund administration environment
• Must have a minimum of 3 years experience in a hedge fund administration environment or other related financial services experience.
• Bachelors degree in Accounting, Finance or other business related area
• Accounting experience a plus
• Demonstrated ability to supervise a team