Hedge Fund Accounting & Administration Officer
State Street
Senior Associate, Hedge Fund Accounting and Administration
State Street
full-time
Posted on:
Location Type: Office
Location: Boston • California, Massachusetts, New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $52,000 - $94,120 per year
Job Level
Senior
About the role
- Validate and review all daily activity while maintaining all required controls
- Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
- Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams
- Research and resolve exceptions and issues
- Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
- Define and ensure successful completion of ad-hoc requests
- Escalate unresolved issues to management as required
- Reconcile and resolve discrepancies with other teams as needed
- Ensure appropriate records of daily and monthly activities are kept
- Perform daily or weekly reporting functions for the team’s activities
- Ensure adherence to Standard Operating Procedures
- Keep up to date on broader internal/external business issues; apply knowledge across team
- Assist management in the implementation of new policies and procedures, participate in projects
- Assist with workflow management and technology enhancements, make suggestions to streamline operations
- Maintain knowledge of current alternative procedures and processes
- Support training of new hires as necessary
- During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
- Perform duties of Associates and provide back-up management support if required
Requirements
- Bachelor’s degree in Accounting or Finance
- Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role
- Complex allocation knowledge required
- Advent Geneva experience required
- Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.
- Proficiency in Microsoft Outlook & Excel is required
Benefits
- Flexible working hours
- Paid volunteer days
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
fund accountingNAV calculationSEC yieldsdistributionscorporate actionsdata validationreconciliationreportingcomplex allocationprofit & loss analysis
Soft skills
communicationproblem-solvingattention to detailworkflow managementtrainingtime managementteam collaborationadaptabilityescalation managementclient service