Hedge Fund Accounting Senior Associate
@ State Street

Toronto, ON
$120,000
On Site
Full Time
Posted 1 day ago

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XXXXXXXXXX XXXXXXXXXXX XXXXXXXXX******* @statestreet.com
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Job Details

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.

📝 Interview Preparation Advice

Technical Preparation

Review advanced accounting software.
Practice reconciliations and financial analysis.
Study hedge fund regulatory frameworks.
Revisit NAV calculation procedures.

Behavioral Questions

Describe a team conflict resolution.
Explain your supervisory style effectively.
Share a tight deadline success story.
Discuss adaptability in fast-paced settings.

Frequently Asked Questions