Hedge fund accounting - Associate 2

Hedge fund accounting - Associate 2

30 Jun
State Street
Bangalore Rural

30 Jun

State Street

Bangalore Rural


- Undertake the following, with a goal of 100% accuracy, timeliness and completeness:

- Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds

- Design and implement operational efficiencies

- Reconcile cash daily (no unresolved discrepancies)

- Reconcile portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)

- Accrue income and expenses daily

- Analyze and validate traders' profit and loss statement daily

- Analyze and validate position market values daily

- Post accounting entries to the general ledger daily

- Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations

- Research and resolve differences between accounting and trade entry systems daily

- Lead/assist with month-end close process

- Lead/assist with enquirers 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)

- Lead/assist with preparing other ad hoc financial reports as required

- 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


- Align goals with supporting departments through ongoing communications

- Communicate with global locations (U.S./Ireland/Canada/Poland) to maintain and improve best practice for operations and customer service

- Customers through proactively understanding customer needs and finding solutions to non-standard customer queries

- Customers and colleagues by developing superior industry knowledge (on accounting developments and new product types)

- Investment advisors/managers through accurate NAV reporting and responding quickly to queries (with minimal supervision)

- Prime brokers through accurate, complete and timely reconciliations and responding quickly to queries (with minimal supervision)


- Initiate, propose and implement improvements to process and operations

- Ongoing education of leading hedge fund industry developments (review of written materials, discussions with customers and peers)