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Hedge Fund Accounting Senior Associate
State Street
Original Job Summary
Who We Are Looking For
We are seeking bright, enthusiastic, and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging, and fast-paced work environment. You will benefit from leading-edge technology infrastructure and well-developed procedures and controls, joining an expanding international company with a professional yet casual work environment.
Why This Role is Important to Us
The team is part of our State Street Alternatives operation, a recognized industry leader providing end-to-end fund accounting, fund administration, and risk services. The role is integral in ensuring that the full spectrum of front-, middle-, and back-office requirements are met for institutional investors.
What You Will Be Responsible For
- Assist and train team members for NAV calculation and validation.
- Review daily cash and portfolio position reconciliations.
- Analyze traders' profit and loss statements on a daily basis.
- Ensure accurate pricing of all positions each day.
- Review accounting transactions and allocation calculations for accuracy.
- Ensure timely daily client reporting and end-of-period NAV deadlines.
- Lead or assist in financial statement and working paper preparations.
- Review fund offering memorandum to ensure adherence to setup and operations.
- Develop effective communication within the team daily.
What We Value
We appreciate excellent communication, interpersonal skills, decisiveness, a strong work ethic, and a can-do attitude with high energy. Self-motivation and passion for learning and growth are essential.
Education & Preferred Qualifications
- Minimum 2 years of management experience in hedge fund administration.
- At least 3 years of overall experience in hedge fund administration or related financial services.
- Bachelor's degree in Accounting, Finance, or a related business field.
- Accounting experience is a plus.
- Demonstrated ability to supervise a team.
Key skills/competency
- NAV
- Reconciliation
- Fund Accounting
- Financial Reporting
- Audit
- Supervision
- Communication
- Analysis
- Teamwork
- Risk
How to Get Hired at State Street
🎯 Tips for Getting Hired
- Customize your resume: Tailor your experience to fund accounting specifics.
- Highlight relevant skills: Emphasize NAV, reconciliation, and supervision.
- Research State Street: Understand their operations and alternatives division.
- Prepare for behavioral questions: Demonstrate leadership and teamwork capabilities.