Associate Accountant - Fund Administration

About HC Global Fund Services, LLC

HC Global Fund Services, LLC (“HC Global”) is a privately owned fund administrator serving fund managers and investment advisors in the alternative investments industry.

Job Description: Associate Accountant - Fund Administration

Duties and Responsibilities:

Middle and Back Office Functions

• Gathers all information required (i.e. external statements, prime broker reports, custodian statements, supporting documents for recurring expenses including legal fees, audit fee, admin fees, tax fees, director’s fee, etc.).
• For Geneva clients, performs pricing of funds’ investments using prices from external sources.
• Uploads daily trade transactions from the prime broker’s FTP sites or trade blotter including daily dividends, interest, corporate actions, and cash activities and records them in HC Global’s portfolio accounting.
• Prepares daily equity reconciliation for each fund and, if required, also prepares position and cash reconciliation. Investigates any trade breaks and reconciling items.
• Based on downloaded reports and other calculations, prepares and/or updates the financial reports (trial balance, income statement, balance sheet, statement of changes in capital accounts, investors’ monthly and YTD allocations, capital letters, summary of expenses, schedule of management fees, etc.).
• Ensures that monthly partners’ allocation correctly reflects profit and loss based on straight capital ratios or commitment ratios, whichever is applicable.
• Ensures that management fees and performance fees are allocated according to the limited partnership agreements.
• Ensures all expenses are accrued, and all income and expense items are recognized in the appropriate tabs in the allocation file.
• Ensures all income and expenses are classified correctly for income tax purposes.
• Ensures the correctness of the monthly, quarterly, and year-to-date gross and net returns for each limited partner.
• Ensures that all working papers are appropriately labeled with proper notations and/or cell comments.
• Prepares the reporting package for next level review.
• Prepares all accounting related entries for Geneva clients, ensuring appropriate support for all transactions.
• Monitors client mailboxes/distribution lists and saves all necessary emails and supports on a timely manner.
• Prepares ad hoc requests received from clients, including but not limited to, distributions, drawdowns, etc.
• Prepares wire entries in the treasury portal for engagements with Cash Control services.
• Performs peer review of Investor statements, as needed.

Assists in coordinating annual audits of clients’ financial statements.

• Prepares working papers in a way that ensures all audit requirements are readily available for auditors.
• Prepares year-end schedules for independent auditors including cost roll forward, cash reconciliation, statement of cash flows, financial highlights, and other working papers supporting balances and disclosures.
• Prepares each fund’s financial statements and works closely with respective fund’s auditors for note disclosures.
• Prepares and submits draft financial statements on a timely basis for next level review.
• Organizes own work, setting priorities and meeting critical deadlines.

Requirements

Job Specifications:

• Graduate of Bachelor’s degree in Accountancy
• Preferably a Certified Public Accountant (CPA) or Chartered Accountant (CA)
• Preferably with at least 1 year of experience in financial accounting or equivalent
• A team player; must be able to work individually and as part of a team
• Has a good business understanding of financial concepts and procedures
• Analytical and very detail-oriented
• Flexibility to expand work hours as necessary and support business needs
• Non-CPAs are welcome to apply

Benefits

• Additional leave
• Company events
• Health insurance
• Life insurance
• Opportunities for promotion

Supplemental Pay Types

• 14th month pay
• Overtime pay
• Performance bonus
• Spot Bonus

Schedule

• 8 hour shift
• Day shift

Key skills/competency

• Fund Administration
• Financial Accounting
• Reconciliation
• Financial Reporting
• General Ledger
• Capital Allocations
• Audit Support
• Geneva Software
• Tax Classification
• Analytical Skills