Hedge Fund Accountant at Talent ID (Pty) Ltd

Job description

Client is looking to grow the Alternative Administration team due to excellent growth within the Hedge Fund market.

Required Experience

•  Relevant experience of at least 2- 3 years in a financial services administration/fund accounting role is essential
•  Prior experience in hedge fund administration will be an advantage however we will consider candidates with long only fund exposure
•  If you have experience working with systems, client take on, implementation as well as project management skills this is also highly preferable
•  Relevant financial qualification.
•  Strong computer skills specifically Excel is a must.

Responsibilities:

•  Assisting with the client take-on process.
•  Assisting with portfolio transitions and portfolio restructures.
•  Processing and setting up of NAV based expenses & fees.
•  Implementing and maintaining process controls
•  Client reporting
•   Responsible for running, checking and sending of client reports daily and monthly o Dealing with audit requests and queries
•   Handling client queries efficiently to ensure resolution of both internal and external client queries
•   Assist in the preparation and distribution of specific reporting requirements to clients
•  Reconcile prime broker, cash and asset holdings
•   Ensure differences are identified and resolved timeously.
•   Daily and monthly bank account reconciliations.
•   Daily and monthly unit-holding reconciliations
•   Ensure there is no impact to NAV because of differences
•   Alert managers to material differences that may impact the funds trading ability or fund valuation
•  Co-ordination and clear communication with client, investment team and programmers where relevant o You will be required to be the query point for fund managers regarding any fund accounting or administration issues
•   Ensure that the fund manager is informed of any reconciliation items and outstanding issues
•   Follow up on unmatched or unsettled trades to ensure quick resolution o Ensure resolution of internal and external queries – everyone is your client
•  Fund Accounting and NAV pricing
•   A solid understanding of asset pricing and instrument valuation principles
•   Understand the different corporate action events and its impact on valuations
•   Ensure instructions are valid, signatories are checked, cash is made available and release of payment is validated at the bank
•   Understand the concept of a general ledger and associated accounting principles that will keep this in balance
•   Ability to troubleshoot items independently
•   You understand tolerance level checking against a benchmark and are familiar with what is deemed as an unacceptable asset and NAV fund price variance
•   You understand how total fund performance is calculated and impacted with each entry captured
•   Work with management and performance fee calculations, including and not limited to series accounting, equalization, GAV and NAV calculations, hurdle rates and high water marks

Key competencies

•  Self-starter who is willing to take on responsibility for a wide array of tasks in a small company
•  Work in small teams and be responsible for the flow of information, end to end
•  Highly methodical with strong interest in portfolio administration
•  Analytical thinker with problem solving skills
•  You are a team player, putting the interest of the team ahead of your own personal interests
•  Positive and enthusiastic attitude
•  Advanced level experience in Excel
•  Ability to work under pressure at times
•  Honesty, integrity and mutual respect for co-workers.
•  You have the ability to deal with different cultural and business situations