Hedge Fund Accounting, Officer

State Street; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading global financial services firm in Toronto is seeking a Hedge Fund Accounting Officer. You will be responsible for overseeing NAV calculations and ensuring quality client service. The ideal candidate has management experience in hedge fund administration and a degree in accounting or finance. The role offers a dynamic environment with growth opportunities.

Benefits

Generous medical care

Insurance and savings plans

Flexible Work Programs

Qualifications

• Minimum of 2 years of experience at the management level in a hedge fund administration environment.
• Knowledge of Fund of Hedge Fund and Single Manager funds.
• 5 years of experience working with a hedge fund administrator.

Responsibilities

• Deliver the highest quality of client service and ensure appropriate KPIs are in place.
• Perform final review on Net Asset Value (NAV) calculations prepared daily, weekly and/or monthly.
• Act as the escalation point for operational issues.

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 Economics

CFA, CGA, CMA, CAIA or Public Accounting experience

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 Officer you will

• Deliver the highest quality of client service and ensure appropriate KPIs are in place and understood
• Perform final review on Net Asset Value (NAV) calculations prepared daily, weekly and/or monthly
• Act as the escalation point for operational issues, providing technical expertise as needed
• Track outstanding queries and issues; be detail oriented and prioritize effectively
• Ensure queries are being managed in a timely and positive manner
• Ensure all activities are completed in line with internal standards and review as required; ensure appropriate policies and procedures are in place and adhered to by the functional team
• Create continuous improvement forums enabling teams and peer groups to identify and recommend opportunities
• Promote a collaborative environment across businesses and jurisdictions fostering change and innovation; always demonstrate a positive attitude to all instructed business related changes
• Deliver key messages and communication effectively to ensure understanding and staff engagement
• Develop, engage and retain an industry leading workforce using all available resources
• Ensure cross training is completed across the functional team and provide specific SME training
• Prepare and assist with internal reporting activities (risk, compliance, etc.)
• Review and coordinate onboarding, conversion, and client change activities as needed and liaise between parties to ensure successful implementation and manage expectations
• Collaborate with internal and external groups to identify, analyze and proactively resolve issues
• Resolve issues and prioritize actions in the absence of the direct manager

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
• Bachelor’s degree in Accounting, Finance or Economics
• Knowledge of Fund of Hedge Fund and Single Manager funds
• CFA, CGA, CMA, CAIA or Public Accounting experience is preferred
• 5 years of experience working with a hedge fund administrator
• 2 years of supervisory experience

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at State Street careers

Read our CEO Statement