The ideal candidate will bring real-world experience in financial operations for a global hedge/private-equity fund supporting daily reconciliations, trade settlement, and the monthly close cycle. At month-end, this individual will be responsible for preparing investor allocations and preparing the financial statements. Beyond the hedge / private-equity fund accounting, this position offers the ability to be hands-on with one of the fund’s portfolio companies and maintain the books for the sales-based organization. Ample opportunities exist for project-based work, including system integration and process improvement.
Key areas of responsibility:
Hedge / Private Equity Related:
- Reconcile position and cash balances across multiple counterparties and banks on a daily basis.
- Monitor daily trading activity ensuring all listed and OTC trades are booked daily.
- Confirm trade settlement occurs on time, instructing cash payments as appropriate.
- Review all margin calls for accuracy and fund as necessary.
- Maintain books and records of each fund in Europe coordinating with the third-party administrator daily.
- Calculate the investor allocations and oversee the production of the investor statements and monthly financials
- Work with the auditors to produce annual audited financial statements
Accounting Related:
- Perform the day-to-day accounting functions, including, but not limited to, calculating prepaid and accruals within the general ledger, reviewing the accounts payable and receivable balances, recording inventory, and reconciling intercompany balances.
- Manage balance sheet, prepare accurate and timely reconciliations, and ensure reserve balances are adequate
- Monitor banking transactions between accounts and legal entities
- Develop and perform analytical reviews monthly, quarterly, and annual financial results highlighting key drivers in local business unit performance.
- Work directly with external auditors for annual financial audits
- Work directly with external tax preparers to provide requested information in an accurate and timely manner.
- Prepare accurate and timely sales tax and use tax returns.
Requirements:
- At least 5-7 years of financial operations (product accounting) experience.
- Understanding of hedge fund structures and accounting, including investor allocations
- Experience working with Advent’s Geneva, preferred
- Focus on process improvements and automation of manual processes
- Experience with system integrations/conversions
- BA degree in accounting, finance, or a related field (Preferred)
- Strong analytical and problem-solving skills
- Great interpersonal and verbal communication skills
- Sound knowledge of accounting principles and standards
- Superior data management and data analysis skills
- Strong time management and organizational skills
