Our Client, an alternatives investment platform located in midtown Manhattan, is looking for a fund accountant to join its growing finance team. This role is a nice mix of accounting and operations for a fund manager focused on a broad array of strategies including real estate equity, CMBS, ABS, mezzanine debt, distressed investing, leveraged loans and other special-situation strategies. The position will work closely with the Trading Desk, Portfolio Managers, Accounting, Tax, Compliance, Legal, Fund Administrators, and other vendors. This role will cover a wide variety of responsibilities associated with the day-to-day operations of a fund manager.
Responsibilities
- Participate in the review and reconciliation of financial statements. Work with the Fund Administrator and external auditors for the audit process to ensure accurate and timely delivery of audited financial statements.
- Provide day to day middle and back office operational support, including: trade flow management, settlements, reconciliations, corporate actions, confirmations, and margin calls for the following products: equity, fixed income, structured products, derivatives, bank debt, futures. Options FX, mortgages and repos.
- Analyze securities lending data; liaise with Front Office & Prime Brokers on borrow costs and lending opportunities.
- Assist with requests including P&L, exposure, and trade activity inquiries regarding the portfolio review, daily P&L, and control diagnostics.
- Lead communication with Fund Administrator, Prime Brokers, Custodians, and other third party vendors.
- Review monthly NAVs (of multiple funds); Gather and organize fund performance data, monthly and quarterly investors reporting, P&L and risk reporting, year-end financial statements, and legal/compliance filings and tax reporting, including K-1s.
- Reconcile investor accounts and investor data between shadow accounting files, independent administrator files and internal accounting systems to ensure alignment with Fund Administrator and Prime Broker’s activities.
- Work with Compliance team to set up new brokerage relationships and monitor the best execution.
- Seek ways to streamline operational and compliance processes and procedures to reduce dependencies and improve efficiency.
- Assist with the Books and Records of the Fund Manager, including preparation of basic Financial statements and forecasts.
- Assist with client reporting and other ad hoc initiatives.
Experience, Skills, and Abilities Highly organized with strong attention to detail.
- 2-5 years of Fund Accounting/Operations experience within an Investment Bank, Hedge Fund, or Asset Management firm. Public Accounting experience preferred and real estate knowledge a plus.
- Experience with Enfusion, Fund Administration platforms, Prime Broker platforms, and QuickBooks a plus.
- Bachelor’s degree in finance, accounting, business or related field.
- Ability to manage multiple tasks, set priorities, and adapt to changing assignments.
- Handle confidential material with utmost discretion.
- Work comfortably under pressure and meet tight deadlines in a fast-paced environment.
- Highly energetic and results-driven, with a strong work ethic.
- Strong fixed income and mortgage product experience
- Exceptional problem-solving skills, strong communication skills and comfort with the fluid nature of the role.