Fund Accounting with Investment Bank

Roles and Responsibilities

Primary Responsibilities : -

• Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.
• Calculation of daily NAV.
• Review MSPA to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.
• Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.
• Review general ledger exceptions. Identify cause and make necessary adjustments.
• Verify performance by reviewing large P&L swings and analyzing income / expense journals for validity.
• Adjust activity as necessary for performance (MSPM) processing and reporting.
• Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Perform daily and monthly securities pricing analysis.
• Validate and process corporate action data.
• Providing audit support and assistance to funds in the preparation on financial statements.
• Assistance with compliance functions.

Responsibilities as a Manager

Day to day supervision of direct reports in the team.

Grooming team members.

Training on clients and processes and troubleshooting / problem solving

Assisting team members to meet their objectives; provide them with constructive & timely feedback.

Playing an important role in the appraisal process of goal setting, mid-year and year end performance appraisal for the team

Timely escalation of issues to the senior management.

Identifying training needs for the team members (Functional as well as Soft Skills)

Ensuring that individual team members are aware of the policies, controls and procedures that apply to their role.

Ensuring that the team has appropriate backup in place to manage leaves.

Formulating the necessary controls in clients and processes to ensure efficient and error free client deliverables.