Commodities Finance Manager

Millennium

New York (NY)

On-site

USD 160,000 - 250,000

Full time

14 days+

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Benefits offered by this job

Discretionary performance bonus

Comprehensive benefits package

Job summary

A global hedge fund is seeking a skilled Commodities Finance Manager to manage the accounting and oversight of commodities investments. This mid-senior level position requires over 10 years of experience in fund accounting and a strong understanding of commodities markets. As part of the Fund Accounting team, you will ensure accurate reporting and compliance while working in a dynamic environment. The role offers a competitive salary and comprehensive benefits package, reflecting the individual's qualifications and experience.

Qualifications

10+ years of experience in fund accounting with a focus on commodities.
Experience in a hedge fund or commodities trading environment.
Familiarity with regulatory requirements affecting hedge funds.

Responsibilities

Oversee accounting and reconciliation of commodities transactions.
Prepare monthly and quarterly NAV calculations for commodities entities.
Collaborate with accounting team for compliance with policies and regulations.

Skills

Fund accounting

Commodities markets understanding

Exceptional analytical skills

Strong communication skills

Advanced Excel skills

Education

Bachelor’s degree in Accounting, Finance, or Economics

CPA or CFA certification

Tools

Fund accounting systems (e.g., Geneva)

Data visualization tools

Python

SQL

Job description

Commodities Finance Manager at Millennium

Millennium Management, a leading global multi-strategy hedge fund, is seeking a highly skilled and detail-oriented Commodities Manager to join our Fund Accounting team. This role is integral to ensuring the accurate accounting, reporting, and operational oversight of commodities-related investments within the firm’s diverse portfolio.

Responsibilities

Oversee the accounting and reconciliation of commodities-related transactions, including futures, options, swaps, and physical commodities.
Ensure timely and accurate preparation of monthly, and quarterly NAV calculations for commodities entities.
Collaborate with the broader accounting team to ensure compliance with internal policies and external regulatory requirements.
Work closely with trading desks, operations, and counterparties to resolve discrepancies and ensure accurate reporting.
Provide insights into market trends and their impact on portfolio valuation and risk metrics.
Identify and implement process improvements to enhance the efficiency and accuracy of commodities accounting workflows.
Leverage technology and automation tools to streamline reporting and reconciliation processes.
Ensure adherence to relevant regulatory frameworks, including GAAP, IFRS, and other applicable standards.
Prepare audit documentation and liaise with external auditors as needed.
Partner with portfolio managers, risk teams, middle office, compensation, legal and operations to provide accounting insights and support decision-making.
Act as a subject matter expert on commodities accounting within the firm.

Qualifications

Education: Bachelor’s degree in Accounting, Finance, Economics, or a related field. CPA, CFA, or equivalent certification preferred.
Experience: 10+ years of experience in fund accounting, with a focus on commodities markets.
Previous experience in a hedge fund, asset management firm, or commodities trading environment is highly desirable.
Proficiency in fund accounting systems (e.g., Geneva).
Advanced Excel skills; familiarity with data visualization tools and programming languages (e.g., Python, SQL) is a plus.
Strong understanding of commodities markets, including derivatives and physical assets.
Familiarity with regulatory requirements impacting hedge funds and commodities trading.
Exceptional analytical and problem-solving abilities.
Strong communication and interpersonal skills to collaborate across teams.
Ability to work in a fast-paced, high-pressure environment with a focus on accuracy and attention to detail.

Why Join Millennium Management?

Millennium Management is a premier global hedge fund with a reputation for excellence and innovation. As a Commodities Manager in Fund Accounting, you will have the opportunity to work alongside some of the brightest minds in the industry, contribute to the success of a world-class investment platform, and advance your career in a dynamic and rewarding environment.

Compensation

Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The estimated base salary range for this position is $160,000 to $250,000, specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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