Senior Fund Accountant, Fund Accounting – Hedge Funds

About Citco

JOB DESCRIPTION

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About The Team & Business Line

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.

Responsibilities

Your Role:

• 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
• Be expected to 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 and L related reports
• Investigate, communicate and resolve valuation/P and 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 and L allocations in accordance with Service level agreements and internal controls
• Keep and maintain financial records (balance sheet, general ledger entries and profit and 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 escalate 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 an accounting/finance background with relevant experience as evidenced by:
• A Bachelor’s Degree in Accounting, Finance or Economics and
• Demonstrated 1-2 years of work experience at hedge/mutual funds or investment companies fund accounting
• Nearly qualified or completed CA, CMA, CGA, CPA or CFA designation (preferred – not a must have)
• Working understanding of investment strategies and financial products (including derivatives)
• Some successful supervisory/management experience an advantage
• Able to demonstrate that you are comfortable working in an operations model where you have to coordinate and work with various teams
• 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
  
  

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.