Senior Fund Accountant, Fund Accounting – Hedge Funds

The Citco Group Limited; California (MO); Hybrid; USD 72,000 - 96,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Retirement savings plan

Annual discretionary bonus pool

Job summary

Citco, a global leader in fund services, is seeking a Fund Accountant in a hybrid CA/US role to maintain books, perform NAV calculations, and prepare investor allocations for hedge funds.

You will work with a professional team, ensure compliance with SLAs, analyze fund performance, and support migrations and new fund launches.

A Bachelor's in Accounting/Finance, professional designation progress, and strong Excel skills are valued; Citco offers a comprehensive rewards package.

Qualifications

• Bachelor’s degree in Accounting, Finance or Economics.
• CA/CMA/CGA/CPA/CFA designation in progress or completed.
• Experience with hedge/mutual funds or investment companies.
• Strong written and verbal communication and analytical abilities.

Responsibilities

• Maintain funds' books and prepare financial reports and investor allocations.
• Value hedge fund portfolio holdings and compute NAV and P&L.
• Prepare performance reports and investor statements per SLAs.
• Monitor compliance with client service agreements.
• Lead fund migrations and new launches to successful completion.
• Coordinate with auditors, brokers, legal and investment managers.

Skills

Excel

Analytical skills

Communication skills

Organizational skills

Supervisory experience

Education

Bachelor’s Degree in Accounting/Finance/Economics

CA/CMA/CGA/CPA/CFA designation in progress or completed

Tools

Microsoft Excel

Job description

CA, United States (Hybrid)

Job Description

About Citco

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.

Responsibilities

Your Role:

• You will 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 elevate 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

Qualifications

About You:

• You have a 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)
• Some successful supervisory/management experience an advantage
• 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

Salary Range: USD$ 72,000 - 96,000

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodation to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization

Job Schedule: Full time